OuterRichmond real estate - Curtis L. Tafoya - Realtor

07/29/2022

Wealth creation is built in times of uncertainty. How does the saying go???? Buy when everyone is fearful and sell when everyone is buying.
So, my question to all the buyers that are sitting on the fence right now is.... WTF are you thinking??

Economists are divided over whether to say the housing market's in a recession. But they all agree that the slowdown has been dramatic.

07/28/2022

Here’s an aide for all you visual learners out there. I consider myself one fyi….

Real estate at its core is an asset. You basically have just 2 options, rent or buy. Contact me for a consultation to see if buying fits into your overall goals.

07/27/2022

More inventory equals more options for buyers. Local lenders are doing 10 year ARM’s in the low 4’s

As we outlined earlier this week, the recent decline in listed inventory levels in San Francisco is being driven by a slowdown in new listing activity versus an increase in sales. And in fact, despite the fact that listed inventory levels in San Francisco have been up over 30 percent on a year-over-...

07/14/2022

Less buyers coming through open houses means more people are renting. Real estate prices are dropping while rents continue to increase. Contact me for a home buying consultation.

Rent prices rose by 0.8% in June from a month earlier, the Labor Department says — the largest monthly gain since 1986.

06/28/2022

Interesting article that echos a lot of sentiment and feelings myself and other colleagues have been discussing recently.

Is now a good time to buy? I think the question you should ask, is now a good time to be a renter?

It doesn’t matter if you’re in the market for a home right now or not — everyone’s talking about rising interest rates. The Federal Reserve raised its rate three-quarters of a percentage point in June, the biggest increase in nearly 30 years, and after two years of a red-hot housing market, ...

06/27/2022

Is now a good time to buy a home? recent changes in the market are indicating a return to normalcy or even partially favoring buyers. Contact me for a consultation.

Despite a slowdown in the number of homes that have been newly listed for sale over the past month, the net number of homes on the market in San Francisco, a.k.a “inventory,” has increased by double digits as the pace of sales has declined even more. As such, there are now 30 percent more homes ...

06/25/2022

Want to be my neighbor? I live closer to the top of the hill and this home is closer to Golden Gate Park. I would walk by this home on my way to concerts in the park or going for a walk. Some minor improvements have been made since I first saw the inside when it sold a few years back. Let's find a buyer that would want to live on 42nd ave. This is a good block to be on this close to the park. It does not have as much traffic as 43rd ave coming in to the neighborhood from the park.

Updated, move-in ready Marina-style Outer Richmond home. A foyer welcomes you to the main level where refreshed period details combine with modern finishes. 3 bedrooms and 2 baths on this floor include a primary suite. A remodeled eat-in kitchen with stainless steel appliances includes a double oven...

06/24/2022

Lets find a buyer for this home on 41st ave!

Welcome to this turnkey beauty in the Outer Richmond set minutes away from the ocean, Golden Gate Park, and Lands End. This exquisitely remodeled home maximizes a contemporary open layout with high-end finishes and appliances, as well as plenty of space for a growing family, an office, and for hosti...

06/24/2022

ARM's - Adjustable Rate Mortgages are back in favor. It's no surprise that a 30 year fixed rate is ideal for most people. Being able to lock that fixed monthly payment down for 30 years allows a lot of options. First time home buyers tend to stay in the properties for 3-7 years, so a 10 year fixed ARM would work for them. Is buying a home right for you? That depends, let's chat and talk about your situation.

The Federal Reserve made its most aggressive move yet to tamp down inflation Wednesday, by raising the interest rate by three-quarters of a percentage point.

06/22/2022

Recessions & Real Estate

The one thing I love about the real estate market is that it's always changing. I compare it to the stock market where it is always moving. How do you feel the market will react?

The housing market has cooled off a bit after an incredibly hot stretch fueled by the pandemic. That doesn't mean it's about to be 2007 all over again.

06/20/2022

Buying real estate is always centered around 3 main F's.

Does it work for you and your family?

Do you have the finances, skills and job to afford it?

Do you see yourself there in the future? Do you plan on holding the property for at least 3-5 years?

If the answer to all 3 of these is Yes, Than do not wait to buy, set a plan and jump in. Yes, the prices maybe lower but the interest rates are higher so it tends to be a wash. Over time, real estate is a great choice to hedge your money against inflation while locking down your cost of housing. Contact me for a quick consultation.

Americans who don't already own a home are about to fork out more for a mortgage, and even renters will suffer as demand for leases goes up.

06/15/2022

Cautiously waiting to see how this will affect our local market. Buyer activity at open houses have slowed down. Zero to 5 groups come through on a typical 2 hour time slot. Rates were around 3.75% a few months ago and a couple days ago I saw 6.25%. That big of a jump dramatically reduces the buying power. Prices have dropped slightly on condos but Single Family Homes are still the hot spot of the market.

The probability of the Fed raising the federal funds rate by three quarters of a percentage point (75 basis points) this afternoon has jumped from under 10 percent last week to over 95 percent today, based on an analysis of the futures market. As such, the benchmark 30-year mortgage rate, which has....