Home affordability woes worsen as home prices hit record highs
Home affordability woes worsen as home prices hit record highs
Compass, NWMLS bicker over discovery in antitrust case
FREE HOME BUYER CHECKLIST HERE https://abitanogroup.com/Homebuyerchecklist
PRE-Inspection CHECKLIST HERE https://abitanogroup.com/homeinspectionchecklist
YOUTUBE
BLOG
PODCAST
WHEN IT'S TIME TO SELL YOUR HOME:
-$15,000 off the list fee if we don’t sell it within the first 15 Days
-Repairs and upgrades managed and paid at closing
-Your home sold guaranteed, or we’ll buy it
-Inspections paid at closing
-Staging included
-360 Virtual Tour
Vito Scarnecchia,
Broker, Realtor, Dad
Abitano.com DRE01407676 408.479.2427
Call today to get started! Offer Valid until 4/1/2026
Home affordability woes worsen as home prices hit record highs
Introduction: Home Affordability Crisis
Home affordability woes worsen as home prices hit record highs. This is in the Scotsman Guide. A news magazine for the mortgage industry.
Current Market Trends and Challenges
Sharing this information with you because pricing expectations for sellers are coming down, we're gonna see that in our 12 Bay Area County Report, prices have come down. Not like, oh my God, but they've come down buying a home, and it continues to be a difficult prospect for the average wage earners across the us.
Investor Influence and Foreclosure Issues
So who's buying it? Well, there are mom and pop investors, and there are institutional investors. There are a lot of people, not necessarily in the Bay Area, losing their homes to foreclosure. It's happening. And on top of that, people who are sself-deportingare are leaving their homes.
Completely furnished or a complete wreck, and they're giving it back to the bank 'cause they're going back to their country because they don't wanna play the Donald Trump game, whether you like 'em or not, right? I'm not here to talk about that part I'm talking about. the fact that's happening right now.
Affordability Analysis by County
According to Adam's third quarter, 2025, home affordability report, the median price, single-family homes and condominiums is. Less affordable than historical averages in 99% of the counties analyzed by the report, not every county in the United States is. Let's go look at this little map that they gave us.
Marin County costs you 101% of the average annual income. Santa Cruz County, 111%, almost 112% of the annual income. To afford a home. So what's going to happen? You just get relegated to being a renter until this calms down, you make more money, or you move out of that area, and then you can buy a house.
I had a friend who moved up to Elk Grove. From San Jose. They were longtime renter, and they just couldn't afford to buy a house. So they saidYouou know what? I'm done. I'm gonna move to Elk Grove. We have three more years until we retire, and I'm going to start buying and owning a house.
That's an option. Santa Cruz, Monterey County. You can go to Watsonville and buy a house. Is it affordable? Not for the people that live there. $800,000 average home in Watsonville, which is not super great, but those people are mostly farmhands.
They don't own businesses, they are not tech engineers, but the price of housing is continuing to go up, which is slowing down the market. It is truly nationwide. Overall, home ownership, affordability appear. Better for the average wage earner while still being unaffordable. Where can you afford to live based on your income? That's the next question we have to answer, and for a lot of people, it's not going to be in Silicon Valley, Santa Clara County. You can move up to Solano County, which is way up there.
It's expensive no matter what, your house is still valued at 589,000. That's the lowest-priced median-priced home in the Bay Area. Can you afford to do that? Are you willing to commute? To have a job in Silicon Valley really depends on your needs.
Compass, NWMLS bicker over discovery in antitrust case
Compass vs. MLS: The Legal Battle
Compass Northwest MLS Bicker over discovery and antitrust case.
What's happening is Compass is suing, not only Northwest.
Washington State-based based but they're also suing Zillow. They're suing everybody. Why does this matter? Well, they want to be the bully on the block. Basically. They want to be the 8,800-pound gorilla to change the way things are done in real estate. How does it help you?
It doesn't. Their biggest bicker is that they have this website that allows you, as a consumer, to go online to their site and look at exclusives, which means they're not on the market. And every MLS that's out there right now, for the most part, requires you to put a listing on the MLS within 48 hours.
Of signing that document. Unless you tell me as an agent, I don't want to do this 'cause I still have repairs to be done and I need your help, blah, blah, blah. If that happens, I'm not allowed to market your house until we put it on the MLS. It's called Clear Cooperation. I'm not allowed to do it. Joe Schelli down the street is not allowed to do it, but Compass wants to do it.
How does this help you? Well, you get to see what the buzz of the market is before you actually go online on the MLS, which I don't think really helps you as a consumer. I've said this multiple times over the last five years that I've been doing this. Putting your house on the MLS is the number one way to get buzz on your house.
Because
You really know what the market is going to offer you. If you see houses that are selling with zero days on market, that means they were pre-market before going on the MLS, and they accepted an offer. Is it the best offer? I can't tell you. They can't tell you, but maybe for some reason, they thought that was a good enough offer.
My mindset is I'm going to get you every dollar that I can and negotiate it up until we break all the buyers, except for one, my job, is to maximize and get as much money on your plate as possible when you go to sell your house, when you do it off market and you put it on a exclusive or non MLS.
List of homes for sale. It's called pocket listings. It doesn't generally give you the top dollar. You might get one or two offers. You might be able to go up, but you don't know if 50 other buyers are interested in your house. You don't know if five other buyers are interested in your house, 'cause they're not working with a Compass agent.
So it's very sticky. Bottom line is all this stuff that Compass is doing, and I used to work for Compass, and I thought, oh, this is a great idea. And then I did it once, and I thought, you know what? This sucks. We're not going to accept this offer. Let's get it on the MLS.
And I got like 70, $80,000 more than what exclusives offered. So is it a good deal if you don't want a lot of people coming into your house? Yes. If you don't want to do a ton of open houses, yes. If you don't want the exposure of the MLS and you just wanna get the house sold and you don't care if you get top dollar, go with Compass.
There you go.
Probate and Estate Sales Assistance
Probate and estate sales. I keep pushing this because my parents are getting older, and we had to have them from Knoxville to Las Vegas to Henderson. We have 'em in, an adult community, Del Webb, and their move was horrendous.
They have a ton of crap. Whether you move them into an active adult community, a supervised residence, or your parents pass away, what are you gonna do with all the extra stuff, right? If you look back here, I'm at my sister's house. This is just one thing that we're looking at.
This China cabinet, this is my sister's stuff, right? , don't really care about that. When they move into a small apartment or adult community, they're gonna go from a 3000 square foot house down to a 1300 square foot house. You gotta get rid of stuff. That's what I can help you with.
We have estate salespeople, and we have people who take care of hauling stuff away for you. We have people who help you get your house ready for sale, whether it's repairs, remodels, et cetera. And that's what we do with the probate and estate sales program. If you're interested in learning more, gimme a call.
I can help you walk through the entire process. We also get movers involved. The idea is we want to do an estate sale to get rid of a bulk of their keepsakes and things that they love dearly and are sentimental. There's also stuff that you just don't want to keep, that they don't want to keep, that they've been holding on to. Maybe I'll do something with this broken plate one day. You know, that kind of stuff. Get rid of it. We take care of that kind of stuff.
Featured Listings: Cupertino and Beyond
Cupertino House of the Week, Western Drive, not my listing.
3.7 5,000,004 bedroom, three bath, 2200 square feet, built in 1961. Let's take a look at 117 photos. This is on Stevens Creek and McClellan. Red door, Nothing super special about it. But here's the thing. You're in Cupertino, right? Cupertino is crazy expensive. This is an average-looking house, with average maintenance on it. They have old wood on it that could be painted, they could, like granite, but the new thing is quartz or quartzite.
They put plastic counters on it. It's a nice gourmet stove top there. Nicely decorated, staged. This house is gonna sell pretty quick because it's an average home. There's nothing crazy fancy about it. Stained old Berber carpets. Old tile, old bathrooms. For $4.7 million. If you're interested in looking at it, let's go take a look.
This one's not gonna be on the market too long. And then this is Willow Glen, home of the week. Camino Pablo, not my listing. $4.5 million, six-bedroom, four bath, 4,000 square feet. Originally, it was 4.6 million. Now it's down to 4.45. It's been on the market 69 days, and it is within walking distance of Lincoln Ave. So your downtown access is there, but for $4.5 million, I'd probably move to Cupertino. Don't need six bedrooms. Not very many people have a six-bedroom. This is your luxury home of the week.
It's in Pebble Beach. McComb Drive, not my listing. $26.75 million, seven-bedroom, eight-and-a-half bath, and almost 7,500 square feet, and it's on the 17-mile drive. If you're interested in looking at this, let me know. I'd love to take you for a day and go down and look at this beautiful home.
They have six washers and dryers. If you have that big of a house, you have that much laundry being done. There's a game room, beautiful view of the Ocean. This is a gorgeous house, guys.
Preparing Your Home for Sale
If you're thinking about selling, this is the time to get your house ready to sell for March, April, or May. Download this home inspection checklist. This will help you get a list of repairs and suggestions to get your house ready to sell.
PRE-Inspection CHECKLIST HERE https://abitanogroup.com/homeinspectionchecklist
People don't want to buy a fixer-upper unless they're investors. And if you're an investor, you're buying it wholesale. If you're buying it wholesale, you're buying it 60% at value. Don't do that. Buy. The home or download this home inspection checklist. Let's spend a couple thousand bucks, get your home tuned up and ready to sell, and we'll take care of all the costs up front for you before you go to market.
Then, when you go to close, it all gets paid out. I work with a couple of different companies that take care of all that stuff for you, and it's all done. At the end of the day, you know what all the costs are up front, and it's beautiful to get things done. Santa Clara County has almost 8,000 new listings. We've gotten to almost $20 billion in sales this year, and yet we're still struggling to get over $2 million. In median sales price. Same with San Mateo. On average, we're still below the $2 million mark. We hit a couple of peaks, but we're not at the average yet.
For the average sales, not the median price, we're at 2.4 million and 2.6 million for San Mateo. Contra Costa was the lowest, and Solano is the lowest-cost place to look at. Solano is a massive value for you, and you have a couple of different corridors to come down to.
The Silicon Valley, you have eight 80s and six80s0 to get into Silicon Valley. So if you're in Napa, you're just that much further apart,r rig, ht and you're paying a premium because it's N. After all,ause you're in wine country. If you're thinking about moving up that way, let me know.
I can help you get started with that. Thanks for watching Ondo with Abano. Hope you had a great Christmas and holiday season. We'll see you out there.
Vito Scarnecchia
Real Estate Broker, Veteran, Dad
DRE#: 01407676
408-705-6817
Vitos@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!
🔴 Willow Glen's five most expensive homes https://youtu.be/3A_E2ck0ePg
Videos edited by Vydeoease.com Use Exemption code VEASY
#BedlamWhereChaosResides, #abitano, #realestatesherpa, #rewtf, realestatemindset, Silver Tsunami, 2035 Housing, 2025 tax lien investing Ja son Walter, home staging kitchen, Cost Of Living Calculator, Fraud, Homebuyer workshop, Bay Area housing stats, Veteran Home, best 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, kellerwilliams, real broker, EXP, Fed rates, Interest rates, cupertino real estate, Willow Glen, Luxury presense, 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