Mona Koussa
Bay Area Broker
(925) 831-9615 | Cell: (510) 541-4050(510) 541-4050
  • Email
  • Facebook
  • Google+
  • LinkedIn
  • Pinterest
  • Twitter
  • Home
  • Search
    • Search All Listings
    • Condos For Sale
    • San Ramon Tri-Valley Schools Attendance
    • Search by Map
    • Featured Listings
    • Open House Guide
    • New Listing Notifications
    • Areas of Expertise
  • Neighborhoods
  • Buyers & Sellers
    • Market Video Updates
    • What’s My Home Worth?
    • Buyers Roadmap
    • Sellers Roadmap
    • Relocation
  • Blog
  • About Me
    • Mona’s Listings-Active-Sold-Pending
    • About Me
    • Testimonials
  • Contact
Home > What is the current state of the real estate market in San Ramon?

What is the current state of the real estate market in San Ramon?

February 26, 2013 by Mona Koussa Leave a Comment

San Ramon Real Estate

San Ramon Real Estate

The real estate market is affected by many factors.  There are lots of moving parts that can change very quickly.   Here is an example of a few of them, and how they tie in to the big picture.

Supply and demand.  The supply of homes for sale and demand from buyers can have a huge impact on the local market. What we are experiencing here in the San Ramon Valley, low inventory of homes for sale, and very high demand, is driving home values up, which has the happy byproduct of increasing homeowners equity.  

Equity   As home prices rise, homeowners who were struggling to stay afloat—without enough equity to pay off the mortgage—may start coming out of hibernation and start selling and buying homes.  Due to this slow but steady increase in prices, many homeowners emerged from a negative equity status during late 2011 and mid 2012. Things that increase the value of a house also increases equity. Therefore, home improvements can be a practical and profitable investment. Homeowners who invest in routine maintenance, along with other projects like renovations and additions, are increasing equity while also making the home a more enjoyable place to live. Landscaping, new fixtures and adding energy-efficient appliances all boost home values and raise the owner’s equity.  Find your San Ramon homes Value.

The Job Market.  When companies are hiring or expanding in an area, the increasing workforce needs housing.  The rental market is saturated, causing rents to increase, which helps encourage renters to consider home ownership.  We are seeing this happen here locally.  Bishop Ranch Business Park has had an increased demand for office space from tenants such as GE and PG&E and Bechtel. 

Consumer Confidence   In many metro areas with potential demand for housing, investors buy up these undervalued homes, which are often vacant and in bad shape. They repair and remodel them, and by renting or selling them, attract occupants. The neighborhood bounces back, and prices begin to rise. It takes about a year of steadily rising prices to encourage consumers that things are improving and it may be safe to jump back in the water.  

Interest rates.  The lower the interest rates are, the more possible and appealing it can be for prospective homebuyers to enter the market Loan underwriting practices remain stricter due to the 2007-2008 loan debacle. Continued recovery of the housing market also depends on  how Congress handles the current expiring tax credit issues. Most economists feel that the majority of this uncertainty will be settled by the second half of 2013.  Hopefully this can give the housing market the momentum it needs to stay on the path of recovery.

Banks and Lenders  The number of foreclosures nationwide to continues to decline in 2013, partly because lenders have figured out that they lose less money on short sales (homes sold with lenders’ approval for less than the owners owe on their mortgages) than on foreclosures.

The Real Estate Market responds to these and other factors in a countless variety of ways.  And it can change very quickly.  We as your local Realtors, keep our fingers on the pulse of national and local news, and how it can affect what we do and how we do it.  If you are thinking of selling or buying, feel welcome to call, email or text us today.  We are happy to discuss your situation and all the factors and moving parts involved.

Filed Under: Blog, San Ramon Real Estate Market Video update Tagged With: San Ramon Real Estate

About Mona Koussa

A seasoned, expert broker specializing in the East Bay in Northern California. I have an intimate understanding of market trends, and knowledge of neighborhood amenities. I am your neighborhood link to exiting new listings... Read
More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

powered by BirdEye

Testimonials

https://youtu.be/ovkivTJkz40

House Value

Have a Question?

Schedule time with me

Free Home Selling Guide

Thinking About Selling Your House Soon?

 
Download your free home selling guide.

Free Home Buying Guide

Thinking About Buying Your House Soon?

Download your free home buing guide.

 

Newest Area Listings

View all

Categories

Areas of Expertise

  • San Ramon Homes for Sale
  • San Ramon Real Estate
  • San Ramon Condos
  • Dublin Homes For Sale
  • Dublin Real Estate
  • Dublin CA Condos
  • Pleasanton Homes For Sale
  • Pleasanton Real Estate
  • Pleasanton Condos
  • Danville CA Homes For Sale
  • Danville, CA Real Estate
  • Castro Valley Homes for Sale
  • Castro Valley Condos

Recent News

  • East Bay Real Estate Market Update April-2021
  • Coming Soon San Ramon Luxury Home For Sale
  • Just Listed 345 Goldfield Place San Ramon Ca 9458
  • 2020 East Bay Real Estate Market Recap-ehomesurf
  • East Bay Real Estate Market Updates
  • 580-680 Corridor Real Estate Market Update-May 2020
  • Selling a Home? 4 Ways to Lure First-Time Home Buyers

Contact Mona

Office: 925-831-9615
Cell: 510-541-4050
Mona@eHomeSurf.com

BRE License: #01911001

  • Email
  • Facebook
  • Google+
  • LinkedIn
  • Pinterest
  • Twitter

©2021 - Mona Koussa. All Rights Reserved   •  sitemap  •   admin   •   Real Estate Website Design by IDXCentral.com

Mona Also Serves Danville Homes For Sale