Mortgage rates fall for the fifth consecutive week

 


LINK HERE





YOUTUBE
BLOG
PODCAST




Mortgage rates fall for the fifth consecutive week

Introduction: Current Trends in Home Sales

NAR Existing-Home Sales Report Shows 0.8% Increase in May

Existing home sales are up 0.8%. Are we out of the woods? Are we seeing a transition to more sales, possibly? Let's get into this. Mr. Yun NA's, chief economist, stated that we're up nationwide, 0.8%. That's good because here in Silicon Valley, Santa Clara County, and your regions in SA and cities, you're gonna see a little increase in sales, of course, right?


Because we're on the opposite end of the spectrum, but. Overall, the United States is seeing an uptick in home sales. That's good. 





BLS jobs report beats expectations, dampening chances of a July rate cut

Economic Indicators and Mortgage Rates

BLS. The Bureau of Labor Statistics stated that there were 147 new non-farm jobs in June. That's good, right? Mortgage rates fall for the fifth week in a row. We're seeing rates now down to 6.62. And again, if you remember, I said five points a half to 6%. That's where we're gonna be happy buyers again. So even though the feds didn't lower the rates this last time, around the last testimony, there are talks about the next two. Meetings they'll lower the rates.


I don't know about that, though, because it seems like it's a cat-and-mouse game right now. I think there's a lot of politics involved, So just be informed. 


Advice for Home Buyers


Spoke with somebody who's moving up to Rocklin, and he's putting his home, and buying on hold, waiting for the rates to come down.


I say this in my videos all the time. If you're thinking about buying a house, buy it now. There's less competition right now. You can get concessions. You can lower the price. You can do a lot of things to buy a house right now. Whereas if the rates go down like they might in September or December then you have more competition.


That means all those concessions, the price, everything goes away. And now you have to pay a hundred thousand dollars over list price or $400,000 over list price. Just don't get stuck in a mortgage that has a two-year prepay. Rates are up. Home prices are stable and you can negotiate on certain homes. If it's a brand new home, you really can't do that. One of my agents wrote an offer and they came back with it being $50,000 more. There are multiple offers because you find a house that's brand new on the market. That's the expectation even today, 


But if you see a house that's on the market for 60, 70, 80 days. Put a lowball offer on it. See what happens. There you go. 





Local Market Insights

Measure E. Here's a reminder, I keep saying this, haven't had anybody respond to it, so I know you're not doing your homework. Measure E has been increased to $2.3 million now, which is good for San Jose homeowners if you're thinking about selling.


Your home, that's over $2 million. Between 2000002.3. You don't have to pay the transfer tax. You only have the conveyance tax.  





Cupertino Home of the Week 

Featured Properties of the Week

Very nice Cupertino house of the week. Hibiscus Court is not my listing. $3.5 million. Four bedrooms, three baths. 2,600 square feet. 1952. This thing looks like it's been rebuilt and I don't like where it is ' cause it's in a very busy, loud area of Cupertino, but that's just the way it is.


Take a quick look inside. It still has the old-world look and feel. The 1950s, even though this is the nineties, two thousand, look and feel.


And this house looks like it has been remodeled, so they put a second story on it.

Willow Glen Home of the Week 

Yep. There you go. Thank you again, Mr. And Mrs. Agent for putting the floor plan on. It really helps buyers visualize the house that you're trying to sell, especially for $3.5 million, even though you need a new roof. Camino Pablo, Willow Glen House of the week, $4.6 million, not my listing.


Six bedrooms, four and a half baths, 4,000 square feet, built-in 2025. Crazy. It's a little bit of walking distance. It's not in the most favorite area. It's Dry Creek, but it's not my favorite area.



Luxury Home of the Week 

 I like being closer to Downtown, but I don't have the checkbook to substantiate that luxury home of the week, 30 Adam Way, not my listing.


25 and a half million dollars, six bedrooms, six and a half baths. 10,000 square foot home built in 2025. It's detached and it is. Right here. 


Personal Anecdotes and Market Summary


I was in Stanford yesterday for way too long, my daughter Lexi is at Santa Clara Vanguard. She is a color guard there and she got to perform and I got to see her.


We hugged and brought her some snacks and all sorts of stuff, so it was nice to see my daughter. After a month she was up in Moscow, Idaho. Learning all the routines now while they're traveling all across the United States. In mid-August, I'm traveling out to Indianapolis to see her again and pick her up to fly back home.


So there you go. That's Adam White. 


Bay Area Sales Report

So every week I talk about what's going on in the market this is the 12 Bay Area sales report. We're at almost $10 billion in revenue. We've had 4,000 sales.


The average price of a house in Santa Clara County is $2.5 million. The median sales price is 2.2 0.07. So if you're thinking about doing something, if you can get an average house for $2 million. You can still buy houses for about a million dollars.


There's just not a lot out there. Less than a million dollars these days. So keep your eyes out. There's stuff out there and we do talk about what you get for a million dollars during the week. So make sure you stay tuned or pop back in whenever you see these. We've sold 4,400 homes so far this year in Santa Clara County. That's huge compared to Monterey, San Benito. Lemme break this down so you can actually see it. There you go. Bigger numbers are better, right? And then Blossom Valley, just so you can see what's happening.


That's the wrong number there. I'll have to fix that. But $1.5 million. Is the average price in Blossom Valley. We've had 261 sales, 400 listings on the market right now, and 10 new ones so far. Takes about an average of 30 days right now to sell a house. But again, that is Skewed because that formulates into the months of inventory.


We've had 270 homes in contract since the beginning of the year, and 10 houses went into contract last week.


That's it for now.


I want to tell you right now, this is a great time to buy a house. Houses will continue to go up. I don't think we're going to go into a massive recession. The recession we saw had already happened, and I think we're getting out of it right now. We're gonna see rates drop, inventory go up, inflation go down, jobs go up.


I think the next evolution, and this is a smart time to buy a house Are we headed for disaster? I don't think Santa Clara County or the Bay Area is in for disaster. I know you see all these crash bros on YouTube talk about what's going on in the market and they're pointing out Florida and Austin, I think The Bay Area is strong enough with the economy, strong enough with jobs, strong enough with income to be able to support the market to continue moving forward. If you're thinking about selling, this is a good time to sell. If you're moving somewhere, if you're going to buy another house, 'cause you sell you buy there's not a lot of competition.


And it's less stressful for you, period. So there you go. That's it for now. Thanks for watching. I'm Vito with Abano. We'll see out there. 





🔴 Gorgeous Custom Built Estate 1036 Ridgemark Dr


Please like and share! https://blog.abitano.com/2025/07/mortgage-rates-fall-for-fifth.html

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


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


Vito Scarnecchia

Real Estate Broker, Veteran, Dad

DRE#: 01407676

408-705-6817

Vito@abitano.com

Update your home value: https://hmbt.co/bT7qRJ      

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!


🔴 Willow Glen's five most expensive homes https://youtu.be/3A_E2ck0ePg



#abitano, #realestatesherpa, #rewtf, real estate mindset, Silver Tsunami, 2035 Housing, 2025 tax lien investing Jason Walter, home staging kitchen, Cost Of Living Calculator,  Fraud, Homebuyer workshop, Bay Area housing stats, Veteran Home, bethe st time of the year to buy a house, Bay Area Luxury homes,  next housing crash prediction, housing market projections, Should I Buy A House Now Or Wait?, should I buy a house now or wait until 2026, Why You'll Regret Buying A House in 2026, Housing Market 2025: 5 Options If You Regret Buying a Home, when will the housing market crash again, REDFIN, Zillow,century21, intero, Tse, Cocke, Zaid Hanna, remax, Keller Williams, real broker, EXP, Fed rates, Interest rates, Cupertino real estate, Willow Glen, Luxury presence, luxury homes, silicon valley real estate 





What should a realtor do to sell your house,What should you not do when selling a house,Why is home not selling,Is it better to sell as is or fix up,Home much money is lost when selling a house,Is it bas to sell a house as is,Where should I sell my house for money is 2021,Is money from the sale of a house considered income,Do you get all the money when you sell your house,Do you have to buy another home to active capital gains,What happens when you sell a house and make a profit,Can I sell my house and keep the money ,What month is the best to sell a house,How much money do I keep when I sell my house,How to I avoid paying taxes when I sell my house,How do I sell my house in 5 days,Whats the quickest way to sell a house,How can I sell my house quickly ,Is it better to sell my house or rent it out,How do I sell my house in 30 days,What does teh seller have to pay when selling a house,How p[ays closing costs on for sale by owner ,Who pays the title company at closing,Who pays for appraisal buyer or seller,How do I calculate my closing costs as a seller,Can a realtor lie about other offers,Do sellers always pick the highest offer,Can ou sue a real estate agent for lying,How do you make sure your offer is accepted,Can buyer talk to seller directly,What do you say when you reach out to a realtor,Do you tip your realtor,Why do realtors now want buyers and sellers to meet,Do I have to pay my realtor if I decide not to sell,Can you work with multiple realtors,Can you fire your real estate agent,Are realtors rich,Should I interview multiple realtors,Are you obligated to a real estate agent,What should I do to my house before selling ,What sells a house fast,What brings more value to a house,What features sell a house,What to do if a house is not selling,Do vacant homes sell faster,What are the worst months to sell a house,Which month is best to sell a house,Is 2021 a good year to sell a house,What adds most value to a home,How can I increase my chances of selling my house,What makes a house harder to sell,What brings down property value,What are houses not selling 2021,What adds teh most value to a house,What is the most common reason a property fails to sell,What should you not fix when selling a house,What adds teh most value to a house,Does Zillow pay fair prices for homes,How to I sell my house that need repairs,Do sellers have to fix everything on home inspection,Can you sell your own property as a real estate agents,Does a realtor make money on a for sale by owner,Can I use a real estate attorney instead of an agent,Can I be my own buyers agent,Do real estate agents make more than lawyers,Do realtors get paid if a house doesn’t sell,Do agents get paid for open house,Can I ask my realtor to take a lower commission,How much does a real estate agent make monthly,Which real estate agent has the lowest commission,Can I represent myself as a real estate agent,Do brokers make more than real estate agents,Can you bypass a real estate agent,Can I represent myself in buying a house,Can you buy a house yourself,Do Realtors get commission on for sale by owner,Is it better sell your house by owner or realtor,How do you negotiated for sale by owner,Is it hard to sell a house without a realtor,Can you ask a realtor to take a lower commission,What home improvements add the most value,What should you not fix when selling a house,What color carpet is best for selling a house,Which home renovations are your best investments,Which home improvements pay off,What is the best way to renovate a house,What is the most expensive part of a kitch remodel,What home improvements do not add value,Is a 4 bedroom house worth more than a 3 bedroom house,Do home improvements increase value,What features sell a house,What order do you renovate a house,What renovations are worth doing,Is it better to renovate or move,Is it cheaper to renovate or build new,How much does it cost to fully renovate a house ,What should I renovate first,What makes property value increase ,What negatively affects home appraisal,Do home appraisers look in cabinets,Do appraisers look in showers,What matters in a home appraisal,How can I maximize my home appraisal,Is land a good investment 2020,Is buying land a building a house cheaper,Is it better to buy land first,How to I buy money with no money,Is land a bad investment,Does age of house affect value,Are 100 year old houses safe,What is the average age of a house,What age is a house considered old,How do I price my house,How is property value determined,What are the 5 methods of valuation,How do I determine fair market value of my home,How does a bank value a house,Why is my tax assessment so high,What brings down,calhoun.savingmoneyonhomes.com


95035,95123,95020,95127,95014,95051,95111,94087,95112,95125,95023,95122,95037,94550,95116,95124,95136,94086,95148,95008,94303,95050,95132,95120,95129,94040,95121,95128,95126,95118,95131,95070,94043,95134,95032,95117,95133,94306,94089,95054,94085,94024,95135,95110,95138,94022,94301,94305,94041,95030,95130,94090,95119,95033,95102,94310,95139,95046,95171,94028,95142,95114,95113,94304,94308,95140,94035,95141,95053,95101,95137,95002,95196,95009,95011,95013,95015,95021,95026,95031,95036,95038,95042,95044,95157,95156,95159,95158,95161,95160,95170,95164,95172,95190,95173,95192,95191,95194,95193,94302,94309,95052,95056,95055,95071,95106,95103,95109,95108,95115,95151,95150,95153,95152,95155,95154,94023,94039,94042,94088,94080,94015,94014,94303,94403,94025,94066,94010,94061,94044,94404,94063,94401,94070,94062,94002,94402,94030,94019,94405,94409,94065,94407,94408,94098,95006,94071,94027,94099,94012,94031,94003,94067,94028,94005,94029,94037,94406,94096,94060,94020,94045,94038,94059,94021,94074,94128,94013,94307,94011,94016,94018,94017,94497,94026,94064,94083,94125,94544,94536,94538,94587,94541,94501,94568,94539,94601,94550,94577,94560,94546,94551,94605,94566,94611,94588,94621,94578,94606,94555,94545,94608,94602,94610,94603,94580,94704,94607,94619,94609,95391,94579,94703,94625,94552,94706,94643,94618,94702,94502,94612,94542,94705,94708,94707,94709,94710,94720,94627,94586,94514,95140,94615,94557,94604,94613,94537,94540,94543,94614,94617,94620,94622,94624,94623,94649,94660,94659,94662,94661,94701,94666,94712,95076,95060,95062,95003,95066,95064,95073,95033,95065,95010,95006,95018,95005,95019,95017,95001,95007,95041,95061,95063,95067,95077,


Santa Rosa Real Estate,Petaluma Real Estate,Rohnert Park Real Estate,Sonoma Real Estate,Sebastopol Real Estate,Windsor Real Estate,Healdsburg Real Estate,Cloverdale Real Estate,Cotati Real Estate,Calistoga Real Estate,Forestville Real Estate,Guerneville Real Estate,Penngrove Real Estate,Glen Ellen Real Estate,Geyserville Real Estate,Occidental Real Estate,Kenwood Real Estate,Cazadero Real Estate,Fulton Real Estate,Monte Rio Real Estate,Bodega Bay Real Estate,Stewarts Point Real Estate,Jenner Real Estate,The Sea Ranch Real Estate,Bodega Real Estate,Graton Real Estate,Annapolis Real Estate,Valley Ford Real Estate,Duncans Mills Real Estate,Camp Meeker Real Estate,Concord Real Estate,Richmond Real Estate,Antioch Real Estate,Pittsburg Real Estate,Walnut Creek Real Estate,San Ramon Real Estate,Brentwood Real Estate,Danville Real Estate,Martinez Real Estate,San Pablo Real Estate,Oakley Real Estate,Pleasant Hill Real Estate,Lafayette Real Estate,El Cerrito Real Estate,Hercules Real Estate,Orinda Real Estate,Pinole Real Estate,Moraga Real Estate,Alamo Real Estate,Clayton Real Estate,El Sobrante Real Estate,Discovery Bay Real Estate,Rodeo Real Estate,Kensington Real Estate,Byron Real Estate,Crockett Real Estate,Bethel Island Real Estate,Diablo Real Estate,Canyon Real Estate,Port Costa Real Estate,Napa Real Estate,American Canyon Real Estate,Saint Helena Real Estate,Calistoga Real Estate,Angwin Real Estate,Yountville Real Estate,Pope Valley Real Estate,Deer Park Real Estate,Napa Real Estate,American Canyon Real Estate,Saint Helena Real Estate,Calistoga Real Estate,Angwin Real Estate,Yountville Real Estate,Pope Valley Real Estate,Deer Park Real Estate,Oakland Real Estate,Fremont Real Estate,Hayward Real Estate,Berkeley Real Estate,San Leandro Real Estate,Livermore Real Estate,Pleasanton Real Estate,Alameda Real Estate,Union City Real Estate,Dublin Real Estate,Castro Valley Real Estate,Newark Real Estate,San Lorenzo Real Estate,Albany Real Estate,Emeryville Real Estate,hayward real estate,Piedmont Real Estate,Byron Real Estate,Sunol Real Estate,Canyon Real Estate,Farwell Real Estate,Brookshire Real Estate,Concord Real Estate,Richmond Real Estate,Antioch Real Estate,Pittsburg Real Estate,Walnut Creek Real Estate,San Ramon Real Estate,Brentwood Real Estate,Danville Real Estate,Martinez Real Estate,San Pablo Real Estate,Oakley Real Estate,Pleasant Hill Real Estate,Lafayette Real Estate,El Cerrito Real Estate,Hercules Real Estate,Orinda Real Estate,Pinole Real Estate,Moraga Real Estate,Alamo Real Estate,Clayton Real Estate,El Sobrante Real Estate,Discovery Bay Real Estate,Rodeo Real Estate,Kensington Real Estate,Byron Real Estate,Crockett Real Estate,Bethel Island Real Estate,Diablo Real Estate,Canyon Real Estate,Port Costa Real Estate,Petaluma Real Estate,San Rafael Real Estate,Novato Real Estate,Mill Valley Real Estate,San Anselmo Real Estate,Sausalito Real Estate,Corte Madera Real Estate,Tiburon Real Estate,Fairfax Real Estate,Kentfield Real Estate,Larkspur Real Estate,Ross Real Estate,Belvedere Real Estate,Bolinas Real Estate,Nicasio Real Estate,Point Reyes Station Real Estate,Dillon Beach Real Estate,Woodacre Real Estate,Lagunitas Real Estate,Inverness Real Estate,San Quentin Real Estate,Tomales Real Estate,Marshall Real Estate,Olema Real Estate,Stinson Beach Real Estate,San Geronimo Real Estate,Blakes Landing Real Estate,Salinas Real Estate,Watsonville Real Estate,Seaside Real Estate,Monterey Real Estate,Soledad Real Estate,Marina Real Estate,Greenfield Real Estate,King City Real Estate,Carmel-by-the-Sea Real Estate,Pacific Grove Real Estate,Gonzales Real Estate,Castroville Real Estate,Carmel Valley Real Estate,Aromas Real Estate,Moss Landing Real Estate,Del Monte Forest Real Estate,Big Sur Real Estate,Del Rey Oaks Real Estate,Bradley Real Estate,Chualar Real Estate,Sand City Real Estate,Jolon Real Estate,San Simeon Real Estate,San Ardo Real Estate,Lockwood Real Estate,San Lucas Real Estate,Hollister Real Estate,San Juan Bautista Real Estate,Aromas Real Estate,Paicines Real Estate,Tres Pinos Real Estate,San Francisco Real Estate,San Mateo Real Estate,Daly City Real Estate,Redwood City Real Estate,South San Francisco Real Estate,San Bruno Real Estate,Menlo Park Real Estate,Pacifica Real Estate,Foster City Real Estate,Burlingame Real Estate,San Carlos Real Estate,Belmont Real Estate,East Palo Alto Real Estate,Millbrae Real Estate,Half Moon Bay Real Estate,Hillsborough Real Estate,Woodside Real Estate,Atherton Real Estate,Portola Valley Real Estate,Brisbane Real Estate,Emerald Lake Hills Real Estate,Moss Beach Real Estate,Colma Real Estate,Pescadero Real Estate,La Honda Real Estate,Montara Real Estate,San Gregorio Real Estate,Loma Mar Real Estate,San Jose Real Estate,Sunnyvale Real Estate,Santa Clara Real Estate,Livermore Real Estate,Mountain View Real Estate,Milpitas Real Estate,Palo Alto Real Estate,Gilroy Real Estate,Cupertino Real Estate,Morgan Hill Real Estate,Campbell Real Estate,Los Gatos Real Estate,Los Altos Real Estate,Saratoga Real Estate,Stanford Real Estate,Los Altos Hills Real Estate,San Martin Real Estate,Monte Sereno Real Estate,Lexington Hills Real Estate,Mount Hamilton Real Estate,New Almaden Real Estate,English Town Real Estate,Twin Creeks Real Estate,South Shore Port Real Estate,Almaden Real Estate,evergreen Real Estate,burbank Real Estate,blossom valley Real Estate,alum rock Real Estate,down town san jose Real Estate,cambrian park Real Estate,willow glen Real Estate,berryessa Real Estate,japan town Real Estate,little italy Real Estate,alviso Real Estate,little portugal Real Estate,mayfair Real Estate,the alameda Real Estate,Santa Cruz Real Estate,Watsonville Real Estate,Los Gatos Real Estate,Aptos Real Estate,Scotts Valley Real Estate,Soquel Real Estate,Boulder Creek Real Estate,Capitola Real Estate,Felton Real Estate,Freedom Real Estate,Ben Lomond Real Estate,Davenport Real Estate,Vallejo Real Estate,Fairfield Real Estate,Vacaville Real Estate,Suisun City Real Estate,Benicia Real Estate,Dixon Real Estate,American Canyon Real Estate,Rio Vista Real Estate,Winters Real Estate,Travis AFB Real Estate,Walnut Grove Real Estate,Birds Landing Real Estate


Comments

Post a Comment