Inflation cools in January, keeping the Fed’s rate-cut options open
Inflation cools in January, keeping the Fed’s rate-cut options open
PROBATE AND ESTATE SALES
Open Houses this weekend, Silicon Valley Curated
Mortgage Rates this Week
Home Inspection CHECKLIST HERE https://abitanogroup.com/homeinspectionchecklist
What you get for $2MM Santa Clara County
AIDA: Attract, Interest, Desire, Action
What you get for $1MM in SILICON VALLEY
Inventory And Supply Charts
FREE HOME BUYER CHECKLIST HERE https://abitanogroup.com/Homebuyerchecklist
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
Welcome back. Today we're talking about inflation rates. What you get for $2 million, what you get for $1 million, and inventory. Let's get moving here.
Inflation Cools: Why CPI & Fed Rate Cuts Matter for Real Estate
All right, inflation cools in January, keeping the Fed's rate cut option open. Now, this was done on February 13, which was only a few days ago, but understand that inflation does play a huge role in the market economy, especially when it comes to real estate. It does, whether we like it or not. Now we look at the fed rate cuts and all that other stuff, all the, the fed rate indicator.
And if it's 2.3 to 2.5, it's a big deal for us only because we need to know what's going on in short-term money. After all, long-term money plays a little bit of a role in that. That's why we need to see the economy as a whole. That's why I do these big picture articles and what that means to you.
' cause when it comes down to it, inflation's a huge cut. Right?
Real Estate as an Inflation Hedge (Why Wealthy Investors Buy Property)
And that's why multimillionaires are investing in real estate because it's a hedge against inflation. It's just a natural place for multimillionaires to put their money to hedge off any massive inflationary things that they just want to hold, sit.
Why? Becausefive to 10% is way better than the 0.4% you're getting in the bank. Okay, so cash-wise, you can always use cash out of that. Borrow money from your assets, you know, so it just makes sense for us to understand that the money that you use should be invested in something like an asset that will continue to increase over time.
Could you lose money in the short term, absolutely. Just like any kind of stock market thing, any metals or what have you. Forex, if you hold onto it too short a time and you lose your ass, you're gonna lose your ass, period. That's just the way things are. So you need to understand where we are with this, the CPI employment, all that stuff.
It does play a major factor because if there's fear of the economy tanking, why would I buy a house? How am I gonna pay for that? How am I going to do that? So, I understand that that's, it's important for you to understand it, right?
Don’t Wait for a Crash: Timing the Market vs. Getting In Now
And the number one reason why buyers don't buy a house and stay renters forever is that they're waiting for the market to crash.
Guess what? A lot of the people I know were in this predicament here, and when the market kind of took a dump, it wasn't enough for 'em. They were just saying, I think it's gonna go down. By the time they realized it was too late, they had lost their money. They've lost the chance for them to buy it.
What I'm saying this year, I think, is the time for you to get into the market. It's not that you haven't lost money, you haven't lost value, but I think if you buy into it now, you're going to see a major uptick in the next three, three to six months. It's just my feeling, not a crystal ball, not telling you to buy.
Just saying that over the last 10 years, I think this is a great time to buy. Because rates are still at 6.3. Not the all-time high of eight or 7.71. We're still pretty dig on low 7.18, 7.11 on a 30-year fixed, even though it says 2.6 0.27, but we're also seeing rates drop down if you pay a point or so Down to five and a quarter. Five and a half. Why is that important? Because that's the parody point for buyers to enter the market. We wanna see the market, the market comes down. And this is important for you to understand. If you're a buyer, this is the time for you to buy. I know it's affordable, unaffordable, but there are also houses out there that you can't afford, right?
And if you're living in Silicon Valley and you can't afford a million-dollar house, I understand. Maybe you move out of Silicon Valley, just saying. Right.
Quick Break: Homes.com Clip + Why It Matters
Want you to watch this real quick? It's kind of fun 'cause this is all part of my home stuff, everybody now that we have a completely new homes.com with a beautiful new design and the most in-depth info.
All we need now is a new name,
Do we?
So we're gonna lock the doors and stay late until we find that name. That's synonymous with shopping for homes.
Here's a wild idea, Homes.com.
We are gonna go with Homes.com. We're gonna keep it. Fresh, innovative. Bing bang homes.com. We've done your homework.
It's important to understand why this is important. If not, I hope my editor can cut that out for me. But there you go.
Zillow Pressure Tactics vs. Choosing Your Own Lender/Escrow Team
Zillow was a great website for a very long time. Now they use high-pressure tactics on their agents to put on you as a, as a client, whether you're a buyer or a seller.
Right. They force you to use their lenders. They force you to use their escrow company. I don't really care who you use. I have suggestions, and I have great partnerships with people. And if you don't want me to use them, I understand. I don't put up a fight, I don't care. I want you to use a lender that you're comfortable with,h as long as they know that they can perform at the speed that I'm moving.
I want you to work with an escrow company as long as they understand that they have certain needs and requirements that I require for you to be serviced correctly, right? I don't care if you do use them, but I put a line in the sense saying, this is where it is. Took me a long time, 23 years, to get to where I am and understand which partners I can trust, including contractors and handyman and painters, and landscapers. Like we just did a deal on one of my listings coming up, this one right here, and we did the entire front yard, right? And he is like, do we need a plan? Do we need this? I'm like, just trust the vision. Let him do it. And it turned out amazing. So part of that is marketing, part of that is project management.
Seller Strategy: Pricing Right, ‘Attract the Market,’ and Win Multiple Offers
How to price your house correctly, because if your house isn't priced correctly, your house is gonna sit on the market. Don't be a market maker. Attract the market. Get your house sold.
Stop dicking around with, oh, my house is worth x, because you just don't know. You'll never know what your house is worth until you put it on the market. My suggestion to you is sell it, list it low, and get it sold, 'causee'cause not control the final sales price that buyers do. And there are a lot of buyers that, that are out there right now, and they're serious.
You see that over the last couple of weeks, we've seen the prices go up, and the list prices, sales price on pretty much every well-priced, well-accommodated home go for much higher than the list price. And I can show you the numbers in every which way you want.
My parents are getting older. I have them situated in a 55 and older active adult company development in Henderson. And while they're older, they're still able to maintain their lifestyle. I'm helping them out with a lot of different things. My sister's helping them out with a lot of different things, but we always have these options and different discussions of what's going to happen if.
Because it's inevitable, right? A lot of things are happening. A lot of things are just going to happen that way, and that's just life. It's better to talk about it than be front, than slapped in the face with it, not know your, what your options are. And if you're facing these questions, gimme a call. I'm happy to walk you through different options.
And it's not about selling your house, it's about talking to the right people and giving you the right options. That's what we take care of for you.
What $2M Buys in San Jose (Gilda Way, Cambrian/Lee)
Gilda Way, what do you get for $2 million? This is in San Jose, 9 5 1 2 4. This is a three-bedroom, two-bath, 1400 square foot home built in 1959. It is a very standard ranch house, 1400 square feet. Nothing great about it. Original kitchen. They just painted everything white, and I think this one's gonna sell for a little bit faster 'cause this thing's brand spanking new look, data tile, right older vanity. Nothing wrong with it, it's priced right. This thing's gonna sell for 2.2, 2.1 to 2.2, and it's been onthe market 24 days.
I think what you're getting here is A great opportunity to move into a great neighborhood and put some sweat equity into a house, and that value there $is $2million. But for this area, you're gonna see that the houses are selling for a lot more.
What $1M Buys in South San Jose (Cohagan Ct) + Fixer Potential
And what you get for a million dollars is Co Hagan Court in 9 5 1 3 9.
Which is South San Jose. It's just a little south of me, a little bit. Well, South, Southeast, million bucks, three bedroom, two bath, 1,350 square feet. Wait, Guido, this one was 1400 square feet for $2 million. Why? Because this one is in Cambrian and this one is. In South San Jose, it's been on the market for five days.
I can guarantee you this thing's gonna sell pretty big on quick, right? Let's take a look inside. Three bedroom, two bath, 1,350 square feet, 1972, but it's in South San Jose. It's not a bad area at all. Right? But this is all original. Look at the pink carpet, original cabinets, pretty original oven, and stove.
Look at that brown. Oh my God, I love that. I want that fridge brown, these fridges, I swear I want to get, yeah, not gonna talk about it. But these refrigerators, these old 1970s ones, they're gonna last forever 'cause they're made correctly. This whole house needs to be completely gutted and redone, but I think it's a great value for a million bucks.
Yeah, all day long. Look at this. That's exactly what you want. Three bedroom, two bath, original. Everything gets on the market and gets sold. Buyers are gonna come in and say, yep, I want this.
I'll pay 1.2 for it. It's just the way it is. If you're interested in looking at these houses, let me know. I'm happy to do that.
Inventory & Market Stats: Signs We’re Normalizing After the Post-COVID Surge
Nothing's changed. I'm not gonna do February yet because we're still in the mid month. I do that typically the last few days of the month, but I just wanna let you know that everything's starting to tick up, right?
We're gonna see more activities come up. We're gonna see this in January. These numbers right here are from January of last year or this year, right? See, everything else is ticking up. Why, what does that mean? It means, I think, that we're headed into a very, very normalized market.
Right. Don't forget 2021, we were in a firestorm post. CO ID, w'we'reen a firestorm. Market rates were historically low. Pricky skyrocket, and then Wes saw massive inflation, which over the last three years we've been healing. The lastfour years we'vee been healing and trying to figure this out and trying to get it back to a soft landing.
Right. I think we are where we need to be right now to get back into a normal market. A normal market is where I sell 10 to 20 houses in a year. In 2021, I sold 2,4 and it almost killed me last year. I didn't kill myself. I sold seven to eight houses.
I think the volume of houseisre going to. Just jumped up to about 15 houses for me this year, but not going to try. The reason why I'm telling you from this point of view isthate I know the market is there. I know that we're going to go back into a normalized market,t and for us in Santa Clara Cou,nty in Silicon Va,lley and the South Bay, a normalized market is the high volume.
Mondays, right. We're already over a billion dollars in revenue. We've closed 520 homes so far this year. Alameda against South, South Bay, right. I know it's Central Bay, but it's still South Bay San Mateo 240. Right, high cost, low volume, but still high volume.
And Contra Costa, that's gonna be your market maker right there this year. I think you're gonna see Contra Costa as the place to move. Mostly because Alameda has freeway issues,s and there are gentrification issues that are going on. I think that's already popped. I think Contra Costa is the next place to go.
Unless you want a super, super, super amazing deal. Go to Napa. 10th, 90 cents on the dollar, right? So there you go.
Wrap-Up: Final Thoughts, Blog/Open Houses & Sign-Off
All right. That's it for now. I am Vito with Abano. Thanks for watching. We'll see you out there. Talk to you later. Bye.
Videos edited by Vydeoease.com Use Exemption code VEASY
🔴 Video Living in San Jose in the No. 4 spot. in the US https://youtu.be/hxw5k739OKU?t=521
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
#BedlamWhereChaosResides, #abitano, #realestatesherpa, #rewtf, 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, 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 2025, Why You'll Regret Buying A House in 2026, realestatemindset, Housing Market 2025: 5 Options If You Regret Buying a Home, when will the housing market crash again, lance lambert
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,E`
Comments
Post a Comment