homesmillbrae.com » Inception

In a Twist, Both Home Prices and Rents Rise

Wed, 08 Aug 2012 00:32:55 +0000

Home prices across the nation continued their upswing in June, according to a new report from CoreLogic. Including sales of foreclosures and short sales (selling for less than the value of the mortgage), prices rose 2.5 percent from a year ago. That is not quite as high as the annual increases seen in April and May. With the first half of the year now on the books, analysts are asking if prices can sustain.

“At the halfway point, 2012 is increasingly looking like the year that the residential housing market may have turned the corner,” said Anand Nallathambi, president and CEO of CoreLogic. “While first-half gains have given way to second-half declines over the past three years, we see encouraging signs that modest price gains are supportable across the country in the second-half of 2012.”

Home price gains will continue to be as much a factor of supply as they are of overall consumer confidence. While confidence in the overall economy has slipped slightly, optimism in the housing market remained strong in July, according to a just-released Fannie Mae survey:

“Survey respondents expect home prices to increase 1.7 percent in the next 12 months, down slightly from the survey high of 2.0 percent recorded in June. Eleven percent of respondents – the lowest level recorded since the survey began in June 2010 – believe home prices will drop in the next year. Also, in the highest level seen since the survey’s inception, 16 percent of consumers say it is a good time to sell.”

Still one quarter of respondents, an increase from June, are concerned about losing their jobs, and jobs have been the leading factor in the housing recovery. It is that unemployment uncertainty that has led so many younger Americans in the past few years to rent. That continued demand is pushing rents ever higher.

Asking rents rose in 24 of the 25 largest rental markets from a year ago, according to a new report from online real estate company Trulia. Rents are pushing double digit gains in San Francisco, Miami, Oakland, Denver, Seattle and Boston, and rents are rising faster than asking prices in 21 of the 25 largest rental markets year-over-year.

“For the first time, [home] prices are up year over year in a majority of metros, and asking home prices have increased for six straight months,” writes Trulia’s chief economist Jed Kolko in a release. “Rents, however, are rising even faster than prices in most markets. These price and rent increases, along with declining vacancies, should encourage new construction, which means housing will finally start contributing to the economic recovery.”

The question remains, where is the tipping point? As it becomes more expensive to rent than buy in more markets, more Americans should turn to buying, but so far they are not. Issues with negative equity, credit and confidence continue to plague home buying.

And are rents approaching bubble status? Investors continue to flock to the distressed housing market, trying to take advantage of rising rents, specifically in single family. Many of those investors say they are not concerned about a bubble, believing there has been a sea change in attitudes toward home ownership that could last through the decade. Whether it is attitudes or lack of available credit keeping the rental market on a tear, at some point, as happened during the housing bubble, prices will prevail.

Questions? Comments? And follow me on Twitter @Diana_Olick

Article source: http://www.cnbc.com/id/48547923?__source=RSS*blog*&par=RSS

Marin Modern Real Estate Opens New Agent & Client-centric Office, Expands …

Fri, 04 May 2012 07:56:29 +0000

Marin County real estate brokerage establishes new office, which combines technology, efficiency, and green design principles. Company announces expansion of their sales team in Marin County, California.

Marin County, CA (PRWEB) May 03, 2012

Marin Modern Real Estate, a full service residential real estate brokerage firm and “top 10″ real estate brokerage in Marin County, announced the opening of a new, modern real estate office to better serve the needs of their clients and agents throughout Marin County.

Established more than 5 years ago as a boutique Bay Area real estate firm specializing in modern, architectural homes, Marin Modern Real Estate has become one of the fastest-growing residential real estate firms in Marin County. The firm’s approach, which involves selectively recruiting and hiring highly knowledgeable, tech-savvy and full-time, client-focused real estate agents and providing them as well as their clients with meaningful tools and technology to help make them successful in today’s market, has helped the company achieve significant double-digit growth in both sales and transaction volume every year since the firm’s inception. While still recognized as a leading authority for modern and mid-century modern homes, the firm has successfully expanded outside of its niche and assists clients with diverse architectural preferences and budgets.

“I’m extremely proud of what we’ve accomplished over the last 5 years,” commented Renee Adelmann, Owner Realtor of Marin Modern Real Estate. “Despite the challenges faced by others in our industry, our growth has been purely organic and has not come as a result of an acquisition, dramatic headcount expansion, or even by opportunistically riding the foreclosure and short sale wave. Instead we’ve hired great agents, provided them with technology and tools that actually matter and help them succeed, and worked as a cohesive team to succeed and grow in a market that has been so difficult for many others.”

To accommodate the needs of their expanding agent client base, the company has opened a new office at 2144 Fourth Street in San Rafael. Commenting on the new office, Renee Adelmann stated, “Our new office space is a strong reflection of our high-tech, high-touch brand. We designed the space to have a comfortable, brick timber loft feel to it; however, we also respected the need of our agents and clients to have relaxed, private meeting space. I believe we succeeded in achieving both objectives while also infusing the office with a lot of technology and eco-friendly design principles.”

In addition to opening a new office, the company announced the addition of REALTORS Fredrick “Fred” Anlyan and Helen Luttemo to their team. REALTOR and Broker Associate Fred Anlyan joins Marin Modern Real Estate from Coldwell Banker, where he spent more than 10 years assisting buyer and seller clients with their real estate needs in Marin County. REALTOR Helen Luttemo, a licensed agent since 2003, joins Marin Modern Real Estate from Frank Howard Allen.

About Marin Modern Real Estate

Marin Modern Real Estate is an innovative, technology-enabled, and high-touch residential real estate brokerage firm serving the needs of homebuyers and sellers throughout the San Francisco Bay Area.

Founded by one of the Bay Area’s top-producing real estate agents, the company provides unmatched professional representation to real estate clients throughout Marin County (Marin Modern Real Estate), San Francisco (San Francisco Modern Real Estate), as well as Alameda Contra Costa Counties (East Bay Modern Real Estate).

To learn more visit us online at Marin Modern Real Estate, San Francisco Modern Real Estate, and East Bay Modern Real Estate.

For the original version on PRWeb visit: www.prweb.com/releases/prweb2012/5/prweb9466516.htm

Article source: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/05/03/prweb9466516.DTL

Marin Modern Real Estate Opens New Agent & Client-centric Office, Expands … – Virtual

Thu, 03 May 2012 13:54:49 +0000

Marin County real estate brokerage establishes new office, which combines technology, efficiency, and green design principles. Company announces expansion of their sales team in Marin County, California.

Marin County, CA (PRWEB) May 03, 2012

Marin Modern Real Estate, a full service residential real estate brokerage firm and “top 10” real estate brokerage in Marin County, announced the opening of a new, modern real estate office to better serve the needs of their clients and agents throughout Marin County.

Established more than 5 years ago as a boutique Bay Area real estate firm specializing in modern, architectural homes, Marin Modern Real Estate has become one of the fastest-growing residential real estate firms in Marin County. The firm’s approach, which involves selectively recruiting and hiring highly knowledgeable, tech-savvy and full-time, client-focused real estate agents and providing them as well as their clients with meaningful tools and technology to help make them successful in today’s market, has helped the company achieve significant double-digit growth in both sales and transaction volume every year since the firm’s inception. While still recognized as a leading authority for modern and mid-century modern homes, the firm has successfully expanded outside of its niche and assists clients with diverse architectural preferences and budgets.

“I’m extremely proud of what we’ve accomplished over the last 5 years,” commented Renee Adelmann, Owner Realtor of Marin Modern Real Estate. “Despite the challenges faced by others in our industry, our growth has been purely organic and has not come as a result of an acquisition, dramatic headcount expansion, or even by opportunistically riding the foreclosure and short sale wave. Instead we’ve hired great agents, provided them with technology and tools that actually matter and help them succeed, and worked as a cohesive team to succeed and grow in a market that has been so difficult for many others.”

To accommodate the needs of their expanding agent client base, the company has opened a new office at 2144 Fourth Street in San Rafael. Commenting on the new office, Renee Adelmann stated, “Our new office space is a strong reflection of our high-tech, high-touch brand. We designed the space to have a comfortable, brick timber loft feel to it; however, we also respected the need of our agents and clients to have relaxed, private meeting space. I believe we succeeded in achieving both objectives while also infusing the office with a lot of technology and eco-friendly design principles.”

In addition to opening a new office, the company announced the addition of REALTORS Fredrick “Fred” Anlyan and Helen Luttemo to their team. REALTOR and Broker Associate Fred Anlyan joins Marin Modern Real Estate from Coldwell Banker, where he spent more than 10 years assisting buyer and seller clients with their real estate needs in Marin County. REALTOR Helen Luttemo, a licensed agent since 2003, joins Marin Modern Real Estate from Frank Howard Allen.

About Marin Modern Real Estate

Marin Modern Real Estate is an innovative, technology-enabled, and high-touch residential real estate brokerage firm serving the needs of homebuyers and sellers throughout the San Francisco Bay Area.

Founded by one of the Bay Area’s top-producing real estate agents, the company provides unmatched professional representation to real estate clients throughout Marin County (Marin Modern Real Estate), San Francisco (San Francisco Modern Real Estate), as well as Alameda Contra Costa Counties (East Bay Modern Real Estate).

To learn more visit us online at Marin Modern Real Estate, San Francisco Modern Real Estate, and East Bay Modern Real Estate.

For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2012/5/prweb9466516.htm

Article source: http://www.virtual-strategy.com/2012/05/03/marin-modern-real-estate-opens-new-agent-client-centric-office-expands-sales-team