Americans Rank Real Estate Best Investment for 7 Years Running

Americans Rank Real Estate Best Investment for 7 Years Running [INFOGRAPHIC] | MyKCM

Real estate has outranked stocks, savings accounts, and gold as the best long-term investment among Americans for the past 7 years. The belief in the stability of housing as a long-term investment remains strong, despite the many challenges our economy faces today. Of the four listed, real estate is also the only investment you can also live in. That’s a big win!

Homebuyers Are in the Mood to Buy Today

Homebuyers Are in the Mood to Buy Today | MyKCM

According to the latest FreddieMac Quarterly Forecast, mortgage interest rates have fallen to historically low levels this spring and they’re projected to remain low. This means there’s a huge incentive for buyers who are ready to purchase. And homeowners looking for eager buyers can take advantage of this opportune time to sell as well.

There’s a very positive outlook on interest rates going forward, as the projections from the FreddieMac report indicate continued lows into 2021:

“Going forward, we forecast the 30-year fixed-rate mortgage to remain low, falling to a yearly average of 3.4% in 2020 and 3.2% in 2021.”

 With mortgage rates hovering at such compelling places, ongoing buyer interest is bound to keep driving the housing market forward. Rates also reached another record low last week, so homebuyers are in what FreddieMac is identifying as the buying mood:

“While the rebound in the economy is uneven, one segment that is exhibiting strength is the housing market. Purchase demand activity is up over twenty percent from a year ago, the highest since January 2009. Mortgage rates have hit another record low due to declining inflationary pressures, putting many homebuyers in the buying mood. However, it will be difficult to sustain the momentum in demand as unsold inventory was at near record lows coming into the pandemic and it has only dropped since then.”

There’s no doubt that even though buyers are ready to purchase, it’s hard for many of them to find a home to buy today. Mortgage rates aren’t the only thing hovering near all-time lows; homes available for sale are too. With housing inventory as scarce as it is today – a nearly 20% year-over-year decline in available homes to purchase – keeping buyers in the purchasing mood may be tough if they can’t find a home to buy (See graph below):Homebuyers Are in the Mood to Buy Today | MyKCM

What does this mean for buyers?

Competition is hot with so few homes available for purchase and low mortgage rates are helping to drive affordability as well. Getting pre-approved now will help you gain a competitive advantage and accelerate the homebuying process, so you’re ready to go when you find that perfect home you’d like to buy. Working quickly and efficiently with a trusted real estate professional will help put you in a position to act fast when you’re ready to make your move.

What does this mean for sellers?

If you’re thinking of selling your house, know that the motivation for buyers to purchase right now is as high as ever with rates where they are today. Selling now before other sellers come to market in your neighborhood this summer might put your house high on the list for many buyers. Homebuyers are clearly in the mood to buy, and with today’s safety guidelines and precautions in place to show your house, confidence is also on your side.

Bottom Line

Whether you’re looking to buy or sell, there’s great motivation to be in the housing market, especially with mortgage rates hovering at this historic all-time low. Let’s connect today to make sure you’re ready to make your move.

Real Estate Will Lead the Economic Recovery

Real Estate Will Lead the Economic Recovery | MyKCM

With more U.S. states reopening for business this summer, and as people start to return to work, we can expect the economy to begin improving. Most expert forecasts indicate this economic recovery will start to happen in the second half of this year. As we get back to work and the financial landscape of the country begins to turn around, many experts also agree that real estate has the potential to lead the way in the recovery process.

According to Ivy Zelman of Zelman & Associates:

 “Housing will fare better than expected during this severe downturn.”

In addition, CNBC notes:

“Mortgage demand from home buyers shows unexpectedly strong and quick recovery…The quick recovery has surprised most forecasters.”

Robert Dietz, Chief Economist and Senior Vice President for Economics and Housing Policy of the National Association of Home Builders (NAHB) says:

“Overall, the data lend evidence to the NAHB forecast that housing will be a leading sector in an eventual economic recovery.”

One of the big reasons why housing has the potential to be such a driving force is the significant impact it has on the local economy. This impact is particularly strong when a newly constructed home is built and sold. According to a recent study by the National Association of Realtors (NAR), the average new home sale has a total economic impact of $88,416. As outlined in the graphic below, this is a combination of income generated from real estate industries, expenditures, and new home construction.Real Estate Will Lead the Economic Recovery | MyKCMWith so many unknowns today, especially in the wake of a worldwide pandemic, one known factor is the bright spark the housing market can play in local and national recovery. Buying and selling a home goes well beyond personal growth and satisfaction – it supports our economy as a whole.

Bottom Line

According to experts, the economy will begin to recover in the second half of this year. With real estate as a driver, that recovery may start sooner than we think.

Community Growth Through Homeownership

National Homeownership Month [INFOGRAPHIC] | MyKCM
Now is a great time to reflect on how we can each promote stronger community growth. Homeownership helps families build financial freedom, find greater happiness and satisfaction, and make a positive impact on our local communities. Let’s connect today if homeownership is part of your future plans.

The Benefits of Homeownership May Reach Further Than You Think

More than ever, our homes have become an integral part of our lives. Today they are much more than the houses we live in. They’re evolving into our workplaces, schools for our children, and safe havens that provide shelter, stability, and protection for our families through the evolving health crisis. Today, 65.3% of Americans are able to call their homes their own, a rate that has risen to its highest point in 8 years.

June is National Homeownership Month, and it’s a great time to reflect on the benefits of owning your own home. Below are some highlights and quotes recently shared by the National Association of Realtors (NAR). From non-financial to financial, and even including how owning a home benefits your local economy, these items may give you reason to think homeownership stretches well beyond a sound dollars and cents investment alone.

Non-Financial Benefits

Owning a home brings families a sense of happiness, satisfaction, and pride.

  • Pride of Ownership: It feels good to have a place that’s truly your own, especially since you can customize it to your liking. “The personal satisfaction and sense of accomplishment achieved through homeownership can enhance psychological health, happiness and well-being for homeowners and those around them.”
  • Property Maintenance and Improvement: Your home is your stake in the community, and a way to give back by driving value into your neighborhood.
  • Civic Participation: Homeownership creates stability, a sense of community, and increases civic engagement. It’s a way to add to the strength of your local area.

Financial Benefits

Buying a home is also an investment in your family’s financial future.

  • Net Worth: Homeownership builds your family’s net worth. “The median family net worth for all homeowners ($231,400) increased by nearly 15% since 2013, while net worth ($5,000) actually declined by approximately 9% since 2013 for renter families.”
  • Financial Security: Equity, appreciation, and predictable monthly housing expenses are huge financial benefits of homeownership. Homeownership is truly the best way to improve your long-term net worth.

Economic Benefits

Homeownership is even a local economic driver.

  • Housing-Related Spending: An economic force throughout our nation, housing-related expenses accounted for more than one-sixth of the country’s economic activity over the past three decades.
  • GDP Growth: Homeownership also helps drive GDP growth as the country aims to make an economic rebound. “Every 10% increase in total housing market wealth would translate to approximately $147 billion in additional consumer spending, or 0.8% of GDP, as well as billions of dollars in new federal tax revenue.”
  • Entrepreneurship: Homeownership is even a form of forced savings that provides entrepreneurial opportunities as well. “Owning a home enables new entrepreneurs to obtain access to credit to start or expand a business and generate new jobs by using their home as collateral for small business loans.”

Bottom Line

The benefits of homeownership are vast and go well beyond the surface level. Homeownership is truly a way to build financial freedom, find greater satisfaction and happiness, and make a substantial impact on your local economy. If owning a home is part of your dream, let’s connect today so you can begin the homebuying process.

Exceptional SF North Waterfront Retreat

Exceptional North Waterfront condo with resort-style amenities in one of the neighborhood’s most sought after buildings, unit 712W is an ideal retreat from the city. Designed with entertaining in mind, this spacious 2Br/2Ba home offers exceptional designer finishes, quality fixtures, and beautiful wide plank floors throughout. Off the entry a large open living and dining space is a lovely oasis featuring a wood-burning fireplace, surround sound speakers, and large sliding glass doors that open onto a private deck with views of Coit Tower and lush gardens. The sleek open kitchen has custom walnut cabinetry that wraps around into the dining area, with ample storage and soft close pull out drawers. Thick slab Calacatta marble counters have a dramatic backsplash with a central workspace that makes it great for entertaining. There is top of the line Bosch appliances, a Sub Zero refrigerator, and a separate wine bar with a fridge and wine wrack. The stackable washer/dryer is conveniently tucked away in a closet in the kitchen. The spacious master suite has Telegraph Hill & Coit Tower outlooks and a  luxurious bath with double marble vanities, a large tile shower, and a walk-in closet. Down the hall there is a wall of closets beautifully built out to maximize storage and a well appointed second bedroom, great as a den or for guests. Storage and 1-car parking complete the home. This prestigious 5-star amenity bldg has Resort-style Amenities, including 24-hour concierge services, heated outdoor pool and hot tub, and a fabulous club room and library. Close to Telegraph Hill, the Ferry Building, Waterfront, Parks, North Beach, FiDi, and Transportation.

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Stylish Condo in San Francisco’s Nob Hill

Built in 2014, this stylish condo residence at Marlowe is characterized by its luxurious finishes  and dark wood floors throughout. The home features a bright and spacious living area with large windows with north facing views of the neighborhood. An open designer kitchen has a combination of white and dark walnut cabinetry, beautiful quartz counters, top of the line stainless steel appliances, a Bertazzoni cooktop, and a huge entertaining island. Next to the kitchen is a comfortable space currently being used for a home office. The gracious master bedroom has ample closet space with custom organizers. The bathroom can be considered en suite, and also has a door facing the kitchen. It has a dark wood quartz vanity and a shower over tub with 3/8 frameless glass enclosure. The home has central air and heating and custom window coverings in all rooms with blackout curtains and shades. An in-unit washer/dryer and one car deeded garage parking complete the home. Parking has an outlet for an electric car. Located at the juncture of Nob Hill, Russian Hill and Pacific Heights, the Marlowe has an attended lobby and a beautifully landscaped community courtyard which includes a fireplace lounge, Bocce Ball court, gas BBQ and two dining areas. Transportation lines and tech shuttle stops are just steps away, as well as all the restaurants, nightlife, shopping and other amenities of the Polk Corridor.

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New Classically-Inspired Building Coming to Nob Hill

Crescent Nob Hill Condominiums

Located at the summit of Nob Hill, the Crescent is a thoughtfully designed new building, the first new residential development on Nob Hill in more than 50 years. A truly special new upscale condominium community, it’s designed by one of the world’s most celebrated living architects, Robert A.M. Stern. Located on the corner of California and Powell Streets, the new construction will have a classic style which is harmonious with it’s historic neighborhood surroundings, and will surely contribute to the charm of Nob Hill. Offering 44 exceptional residences once completed, new homes are expected to be ready in January of 2020. The building’s interior design is by award winning designer Champalimaud. There will be three levels of lifestyle amenities,  a magnificent rooftop terrace overlooking the city, and a unique, lushly landscaped “Secret Garden”. The developer is Grosvenor, one of the world’s largest privately owned property developers, known for their other projects in the city, such as 288 Pacific and 1645 Pacific. Presale is happening in October 2019.

Elevated Living in SF’s ONLY 5 Star Residence

 

765 Market Street 22C, San Francisco

Welcome home to the prestigious Four Seasons Residences, Stan Lee’s former San Francisco Getaway at The Four Seasons. Currently listed for $1,350,000, the home is perfect for weekend getaways or a corporate executive. With gorgeous, unobstructed views of downtown, this east facing unit has expansive windows, tall ceilings, and Brazilian Cherry hardwood floors throughout. The kitchen is accented with granite counters and upgraded stainless steel appliances, and the unit has plentiful closet space, a marble bathroom, and a stacked washer and dryer. Experience elegant surroundings of the highest quality with world-renowned Four Seasons Brand attention to service and detail.

Boasting one of the only 5-Star Hotels in San Francisco, the Four Seasons Residences are truly unique, special, and one of a kind. 5-Star Amenities include 24-hour security and doorman service, highly skilled resident specific Concierge team, 24/7 In-Room Dining, Housekeeping, MKT Bar/ Restaurant, leased valet parking, and an Equinox Sports Club facility. Just an elevator ride away from the epicenter of international business and commerce, The Four Seasons is always an exciting, elevated address to visit. Directly outside you’ll find a city buzzing with activity. You’ll be close to world-class shopping, Michelin starred restaurants, Union Square, Yerba Buena Center for the Performing Arts, and SFMOMA. Transportation options are aplenty as well; BART, Muni, and freeway access.

Photos are a virtual representation of the property staged with furniture. They are an approximation and not an actual representation of how the property currently looks.