When an earthquake hits Japan, fear of a tsunami striking is instantaneous. Tsunamis, a Japanese word meaning “harbor” and “wave,” are triggered by the result of immense energy being transferred when an earthquake displaces ocean water. In San Francisco, only two hours north of Carmel and Pebble Beach, several earthquakes strike each year. Homes in Pebble Beach and Carmel have been impacted and it’s not uncommon for us to experience similar patterns. A reasonable question, and one we often get … Continue reading About Tsunamis…
Seeing the Cliff in the Rearview
A summary of news regarding the Fiscal Cliff and its potential impact on the real estate market in Pebble Beach and Carmel California
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A gift that can’t be wrapped
Great article from the San Francisco Chronicle celebrating life in Carmel, California.
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Increased Home Equity and Low Inventory
A recent headline from National Association of Realtors announced that homeowners saw a $760 billion increase in available home equity so far this year; by the year’s end, equity gains could reach $1 trillion. How does this tie in with the current marketplace? Let’s take a moment to explore the “underwater homeowner.” Sometimes misunderstood, underwater homeowners are not necessarily in dire financial situations nor are they really on the brink of foreclosure. Many are still able to pay their mortgages … Continue reading Increased Home Equity and Low Inventory
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Existing home sales rise – in a season when they usually fall
Purchases of existing homes increased 2.1 percent from September to October, according to the National Association of Realtors (NAR), exceeding economists’ expectations. In California alone, home sales jumped 15.4 percent, also up 15.2 percent from this time last year. Historically, the housing market slows in October as families enroll children in school and prepare for the holiday season. That activity increased during this time is significant, especially combined with the fact that property values rose over the past 12 months … Continue reading Existing home sales rise – in a season when they usually fall
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Providing Relevant Information to Buyers and Sellers
The 2012 National Association of Realtors Profile of Home Buyers and Sellers survey reflected that 90 percent of homebuyers used the Internet in their research. Of that 90 percent, 54 percent used their local MLS site, 51 percent used Realtor.com, and 47 percent used a broker’s website. For the second year in a row, more buyers found their homes on the Internet (42 percent) than heard about it from a real estate agent (34 percent). Ten percent of buyers learned … Continue reading Providing Relevant Information to Buyers and Sellers
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Summary of the California Ballot Measures
Election Day has passed, the news media has moved onto the Fiscal Cliff Drama and Petreaus affair. On this blog, though, it seems like a good time to assess the 11 Propositions that appeared on Californians’ ballots and the potential impact to current and potential homeowners. The table below details the measures that appeared on our ballots; click the title to learn more about each one. I’ve aslo offered some details regarding Proposition 30 and Proposition 39, which should be … Continue reading Summary of the California Ballot Measures
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Veterans Day – Thank our Neighbors
Living on the Monterey Peninsula, we have the privilege of sharing space with Defense Language Institute and the Naval Post Graduate School. Our armed service members come to the Peninsula to learn, grow and experience all we have to offer. Each of our communities offer something, from the Pebble Beach’s Scenic Drive to Carmel-by-the-Sea’s shopping. Please take a moment to thank a service member today. -Malone
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Silicon Valley Home Prices at an All Time High
Great news came out regarding Silicon Valley today – the price buyers are willing to pay-per-square foot is nearly back to pre-bust levels. Sounds great for Silicon Valley sellers, right? Ask area realtors and they will tell you: what happens in San Fran and Silicon Valley usually happens here 6 months later. Many of the Peninsula’s part-time residents come from the San Francisco Bay Area and Silicon Valley since the short trip to the Peninsula makes for an easy weekend … Continue reading Silicon Valley Home Prices at an All Time High
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Understanding the 3.8 percent tax hike
In the hours before the Affordable Healthcare Act passed Congress in 2010, lawmakers added a 3.8 percent investment surtax, set to take effect on January 1, 2013. This tax has generated a lot of noise, but seems unlikely to go away anytime soon, so it’s worthwhile to have a full understanding of how this could impact your real estate decisions moving forward. First things first – across the board, real estate investors are saying that the benefits of investing in … Continue reading Understanding the 3.8 percent tax hike
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