San Jose has highest home prices in nation

 

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Introduction: San Jose's Sky-High Home Prices San Jose has the highest home prices in the nation.

It's hard to believe, but it is. Actually per capita, medium price, all that stuff. But yeah, it's crazy how expensive it is to live here, but people do it. Let's take a quick look. First-Time Home Buyers: Challenges and Options

FREE HOME BUYER CHECKLIST HERE https://abitanogroup.com/Homebuyerchecklist

So This one mostly talks about what's going on, and how first-time home buyers are squeaking in. And sometimes it's more affordable just to rent. However, if you're in the mindset of a long-term investment, something that will pay off over time, perhaps buying a house is a smart thing for you to do. Now, don't bother reading this. Altogether, it's in my blog link in the comments below. Make sure you take a quick gander at it and take a look. Affordability Crisis: Expert Insights

Fire Map for your new home

So there's a guy named Scott Myers Lipton, San Jose State University sociology professor emeritus and author of Pain Index at Home Ownership is Barely an Option. He cited a report by the California Association of Realtors, which found only 20 percent of Santa Clara County households can afford the region's median home price.

AIDA Attract, Interest, Desire, Action


Strategies for Buying in Expensive Markets How do you get into a house like this? There are a lot of different ways you can commute in by something down in Gilroy or Hollister. I have a listing coming up for a million dollars. You'll be amazed at what you can get for a million dollars down there versus what you get here. 1, 000, 000 is a normal thing here in the valley. If you can't afford it, then you have to figure out how to get into it. You can buy a condo. I'm not a big fan of, mobile homes. I don't see the value in it because sometimes you're paying 1, 500 a month just for the space rent. I don't see the value in that. It's just what it is in this Valley. It's different in different parts of the country. Go down to San Diego. It's expensive. You go to San Mateo Napa, where it's the best buy in the Bay area. It's still expensive to buy a house there. I understand that it's painful. It's almost laughable because how are these people doing this? How are they getting into it? Dual-income people come in with high-paying jobs and they both make five, 700, 000 a year they save up and need that tax write-off anyway. So they know, and it's a competitive market, no matter how you look at it, even though St. Louis Fort Myers or Austin is contracting, our prices are continuing to go up. It's not going to change even if the global economy crashes our prices will come down just a little bit But people in San Mateo won't be bothered because that's where the haves have it those that don't have it don't live in the south san jose or east side san jose on the east side of the 87 Highway, so there you go.

Home Inspection CHECKLIST HERE https://abitanogroup.com/homeinspectionchecklist

This weekend is the 42nd Annual Santa Clara Art and Wine Festival. Make sure you stop by. If you do, take pictures, send them over to me and I'll highlight you in an upcoming reel. This segment of the episode is brought to you by the home inspection checklist. There's a link down below to come and take a look at it. If you're thinking about selling your house, make sure you drop this down and take a look at the checklist. It walks you through every nook and cranny of your house to show you what Inspectors would look at so you can get them fixed up before the inspection. Comparing Property Values: What You Get for Your Money

What you get for $2MM Santa Clara County

Make sure you disclose What you get for two million dollars in Santa Clara County there are 45 right now in the two million dollar range But I wanted to point these two out and why pricing is important. Both of these are the same price this one on Asher Court is A little bit larger for a bedroom three baths, but this one's bigger by 2000 square feet. And this one right here is updated and right next to the freeway. It's on the freeway. It's 200 square feet smaller. It has a bigger lot, but the stigma is you're right on the freeway. You have freeway noise. Now you're going to get freeway noise on Asher Court as well, which one would you rather have? I think you picked this one, even though it's. A little bit larger. Let's take a look inside. That's nice. Updated, floors, painted kitchen, new countertops, white appliances. But let's take a look at Ronda, which is on the freeway and more of a Ponderosa house. Doesn't look like it has a garage. Maybe it's a detached garage in the back. Let's take a look. Thiss one looks like it's been highly updated, brand new kitchen, and black appliances. Actually, it's not black appliances. It's the cobalt or whatever is the new look has new appliances. But everything is flipped and ready to sell. Brand new counters everywhere. Which one would you rather have? One that's on the freeway or one that's just backed up against the freeway? I can tell you that this one's going to sell a lot faster than this one. Just because of the price. Location. Remember the location, condition, and price. It doesn't mean all the buyers are not going to this house. They obviously are going to want to look at this house, but I bet you this one's going to sell quite a bit faster than this one. We'll take a look at it next week. What'd you get for a million dollars in San Jose, California, two bedrooms, one bath, 1100 square feet built in 192?. These are not my listings, by the way, this is in River Glen. Just south of the downtown Lincoln area.

What you get for $1MM in SILICON VALLEY

What you're buying here is. There are not even pictures on the inside. Yeah, this one's going to be fun to watch. Million dollars for that. Holy cow. Good luck to you. Current Mortgage Rates and Market Conditions

Mortgage Rates this week

Rates for today. The 15-year fix is under six. 30-year VA is under six and 30-year FHA is under. Six, the 30-year jumbo is still over 6%, but with the point, you can get it under six. The volume of buyers is coming in pretty hardcore. Nothing's changed here. I just want to go over it really quick. We're still in a seller's market. No matter how you look at it, we haven't seen anything shoot up. Luxury Listings: High-End Properties

Inventory And Supply Charts

These ones are, let's see, this one is Montessori and this one is, Los Gatos.

Those are 5 million houses guys. So those are going to be a little more expensive.

There you go. Hope you have a great weekend. I'm Buto with Abitano. Thanks for watching. We'll see you out there.

Vito Scarnecchia Real Estate Broker, Veteran, Dad DRE#: 01407676 We’re Hiring! 408-705-6817 Vito@abitano.com Website: abitano.com https://www.onereal.com/vito-scarnecchia-1 update your home value: https://hmbt.co/bT7qRJ RELOCATION@ABITANO.COM FREE DESKTOP APPRAISAL https://www.propertyrate.com/agent/vitoscarnecchia If you are moving ANYWHERE in the world - Let me know! I know a LOT of AMAZING Agents! Book appointments here: https://calendly.com/abitano/15min Home Buyers Course YT YouTube.com/SanJoseLiving IG https://www.instagram.com/abitanogroup/ FB https://www.facebook.com/vito.scarnecchia/ LI https://www.linkedin.com/in/vito-scarnecchia/ Blog http://blog.abitano.com/ POD https://spotifyanchor-web.app.link/e/oxdH1Hwfcvb Professional Photography by Kim E https://photosbykime.com / Local Real Estate Market and Home Value Report https://hmbt.co/bT7qRJ Financial Intelligence https://docs.google.com/forms/d/e/1FAIpQLSc0R5pjHIAPguZ5GDEB-fTbGJXKpWK3coK9Khymv_GTWkMnyQ/viewform?usp=send_form https://www.onereal.com/vito-scarnecchia-1 Willow Glen's five most expensive homes https://youtu.be/3A_E2ck0ePg

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