Take a virtual tour of 94 Purdue Ave in the Kensington Hills. New construction. Sophisticated modern craftsman with stunning finishes. Fabulous great room with gourmet kitchen & level out yard. Luxurious master suite plus 1 bedroom & 1.5 baths on the main floor; family room, bed & bath on lower level. Separate guest unit below.
1229 Rose Lane, Lafayette – On Brokers Tour Tomorrow
10am – 2pm
Offered @ $3,575,000
Exclusively Listed by Susan O. Peterson &
Located on one of the most desirable streets in the Happy Valley neighborhood of Lafayette. Set back from the street and surrounded by mature landscaping, this 4+ bedroom, 3.5 bath, ranch style home offers over 6,000sf of living space on a 1.4± acre parcel. The formal living and dining rooms and sunny eat-in kitchen all open to the serene backyard, creating wonderful indoor/outdoor living and easy access for entertaining. The floorplan includes a separate wing which features large recreation space, home office, and guest suite. There are high ceilings, wide hallways, and lots of natural light throughout the house. The backyard is beautifully landscaped and includes a swimming pool, rose garden, level lawn and sport court.
In Fannie Mae’s latest housing survey, 57 percent of Americans expect rising interest rates and home prices in the next year. 72 percent believe now is a good time to buy a home. Do those two have any correlation? You bet.
Fannie Mae’s chief economist Doug Duncan believes interest rate hikes “may increase housing activity in the near term by driving urgency to buy.” 30-year mortgage rates are already up 1 percent from the beginning of May to the end of June, and Duncan believes this trend will continue to bolster the housing market.
“Consumers may recognize that today’s still-favorable mortgage rates and homeownership affordability levels will recede over time,” Duncan said. “Given rising home and rental price expectations and improving personal financial attitudes, more prospective homebuyers may be deciding that now is the time to get off the fence.”
The potent local economy and low unemployment rates will likely increase real estate activity locally, according to Pacific Union. That, coupled with the temptation of locking in lower mortgage rates, should convince homebuyers that they have more spending power as property prices start to climb.
Our roundup of real estate news this week includes reports on San Francisco’s popularity (or lack thereof), a dip in housing affordability, and a bullish builders report.
Read more: http://bit.ly/N8TZrK
Read more: http://bit.ly/NmDKa9
Bay Area home sales jumped significantly in the second quarter of 2012. Our quarterly summary of real estate activity shows home sales up 6 percent from the second quarter of 2011 — the strongest results since 2005. Home prices also rose solidly in the second quarter.
Read more: http://bit.ly/QLUHkK
Home prices, home sales and job growth all continue their upward trend in the Bay Area for 2012. According to Stephen Levy in his exclusive interview with the PacUnion Blog, “The economy has regained some mojo.”
For additional information about the positive economic trends, check out the Pacific Union Blog: http://blog.pacunion.com/home-prices-sales-jobs-rising/
PU recently conducted an in depth interview with well-known Bay Area economist Stephen Levy. He is particularly bullish on the Bay Area job market improvement. For the full article, click on this link:
Fascinating reading on Pacific Union International’s Bay Area Real Estate Blog this week regarding the “Facebook Effect”. PUI is reporting “it’s coming, but not here yet” PUI’s advice to home buyers and sellers is to “step up to the plate sooner rather than later….. Before Facebook inflation takes hold”.
Visit PUI’s blog to read the entire article. “Facebook Effect” Coming, But Not Here Yet
Price reduced on 1321 Mountain Vew Blvd, Walnut Creek to $1,695,000.
1321 Mountain View is designed by Carr Jones. Jones was an architect in the 1st half the 20th Century. His designs are sometimes referred to as whimsical or fairytale. He helped development an architectural movement that made liberal use of existing terrain and recycled materials. Jones built almost exclusively in the Bay Area, including Palo Alto where Steve Jobs bought one of the homes that he designed.
This home is truly a hidden gem, tucked away into a desirable South Walnut Creek neighborhood. This captivating home was built in 1938 and featured in Sunset Magazine in the 1930’s. It offers a warm and charming ambience full of character and innovative touches. Ideal location offers easy access to downtown Walnut Creek’s shops, fine restaurants and the Lesher Center for the Arts.