Compass Northern California Quarterly Report: Q1 2019

Marin County

As in most of the Bay Area, first quarter housing market activity in Marin remained challenging, leading to fewer overall sales compared to last year. Buyers remain trepid amid the economic and political uncertainties that characterized the first quarter, taking longer to make a decision and seeking price reductions.

Looking Forward:  Following a challenging beginning to the year, spring home buying season offers improved opportunities for buyers, including lower mortgage rates, more inventory, and improved balance between buyers and sellers already leading to more optimistic buyer sentiment than in recent months.



Read the full Q1 2019 Marin County real estate report @elizabethGkilgore




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Home of the Week: San Marino Treasure, on Market First Time in 57 Years

The epitome of Spanish Colonial Revival elegance, the Filley Residence has had just two owners since its completion in 1927 – both dedicated to sensitively preserving and enhancing its beauty. 

This is a unique opportunity to own a property created with exceptional craftsmanship and timeless romance.

To learn more about this property, contact me NOW! @elizabethGkilgore

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Jobs Report suggests continued Strength in Employment

Today’s much anticipated national employment report from the U.S. Bureau of Labor Statistics provided further evidence of continued solid economic growth. There were 196,000 jobs added in March, after a wild swing between January’s 312,000 additions and February’s 33,000 additions. The three-month average is now 180,000 in the first quarter, which was above economists’ expectations and still robust considering the low unemployment rate of 3.8 percent. The unemployment rate remained unchanged in March.


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Real Estate Roundup: Record weekly mortgage rate drop

30-YEAR MORTGAGES SEE BIGGEST ONE-WEEK DROP IN A DECADE

Fixed-rate mortgages last week saw their biggest one-week drop in a decade, according to Freddie Mac’s weekly rate survey.

Thirty-year fixed-rate mortgages averaged 4.06 percent, down from 4.28 percent last week, and 15-year fixed-rate mortgages averaged 3.57 percent, down from 3.71 percent. Five-year adjustable-rate mortgages averaged 3.75 percent, down from 3.84 percent last week.

Last year at this time, 30-year mortgages averaged 4.40 percent, 15-year mortgages averaged 3.90 percent, and five-year ARMs averaged 3.66 percent.



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Spring Cleaning: Your April Home Checklist

Kick spring cleaning into high gear, and troubleshoot cooling and irrigation systems for the warmer months ahead. With lengthening days and milder temperatures in many parts of the country, April is a wonderful time to freshen up the home inside and out. To get sparkling windows, a clutter-free garage and more, here are 16 tasks to make the most of the first full month of spring.


Read the full article @elizabethGkilgore




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