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Sean Sullivan San Francisco Real Estate New Construction Comments on the …

Thu, 25 Jul 2013 21:42:41 +0000

(PRWEB) July 25, 2013

Sean Sullivan San Francisco Real Estate New Construction and Senior Sales Leader with Climb Real Estate Group in San Francisco who was recently featured in a KRON4 news report, comments on the California Association of Realtors® (CAR) June Home Sales and Price Report(1) which shows a decline in units sold, as prices continue to trend upward statewide. Sullivan notes the California Association of Realtors® (CAR) June Home Sales and Price Report which shows a decline in units sold, while prices continue to trend upward statewide. The CAR report states that as prices continued to increase statewide in June with double-digit gains over June 2012, the number of units sold was down 3.8 percent from May, and down 3.7 percent from June 2012. The statewide median price of an existing, single-family detached home rose 2.7 percent from May’s revised median price of $417,350 to $428,510 in June. June’s price was up from 33.5 percent over June 2012. “The June decline in home sales was attributed partially to the hike in interest rates in recent months. The average 30-year fixed rate had been stabilizing at around 3.5 percent since the beginning of the year, until it jumped more than 50 basis points in June to reach above the 4 percent mark for the first time in more than a year and a half,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. “This rate increase portends a somewhat higher rate environment going forward as the Fed mulls over the start of its tapering off program in response to positive signs from the economy.” Available now at ICON, these 1 and 2 bedroom homes feature contemporary, tasteful finishes located adjacent to shopping, transit, services, food and drink. Amazing views toward the top of the 6 story building. Represented for sale by Paragon Real Estate Group’s Suzanne Gregg and Jason Gorski.

Sullivan says it is important to realize that the San Francisco Bay Area bucked the statewide trend in that housing prices in June decreased very slightly by 1.1 percent over May, but still showed an increase of 23.3 percent over June 2012. The median sold price in June was $712,030, while in May it was $719,610 and in June 2012 it was $577,640. San Mateo County showed a 5.4 percent increase over May prices, and San Francisco County showed a 9.7 percent decrease. The month-to-month median price change from April to May 2013 was 5 percent. Alameda County shows a 2 percent decline in prices in June over May, but 29.7 percent increase from June 2012. Linea condominiums are perhaps the most architecturally stunning residential development along Upper Market. Linea offers myriad views and floor plans to suit buyers who crave privacy or who want to be front-and-center in this dynamic location. Glass curtain wall construction allows for floor-to-ceiling windows in most homes. With the historic Art Deco San Francisco Mint and a new Whole Foods as neighbors, Linea graces an already remarkable location. Transit and the neighborhoods of Hayes Valley, Upper Market and Mid-Market are at your fingertips. Developer represented by Polaris Pacific.

The San Francisco Bay Area was the only region in the state which showed a month-to-month decline in median housing prices. This fact can be seen as a positive sign because it should ease concerns of a housing bubble in the Bay Area. The median time on the market for the Bay Area in June shows a slight increase over May, at 34.1 and 31.4 days respectively. Sean Sullivan specializes in San Francisco Real Estate new construction and more information about other new properties can be found on his website. The Century, a chevron shaped condominium building will open for sales late this summer. The five story structure has 1 and 2 bedroom floor plans at the crossroads of Duboce Triangle and Upper Market. The Penthouses feature commanding views and large private terraces. The neighborhood is an urban dwellers dream with parks, transit, bars, restaurants and stylish retail just downstairs. Developer represented for sale by Vanguard Properties’ Jean-Paul Samaha and Ed Deleski.

About Sean Sullivan San Francisco Real Estate Agent

Sean Sullivan serves as Climb Real Estate Group’s Senior Sales Leader. With more than fifteen years in the real estate industry, Sullivan has sold over $600 million in residential real estate and built a reputation for customer-focused sales leadership in San Francisco. Sullivan has extensive experience in a variety of real estate transactions, both on the buyer’s and on the seller’s sides, and collaborates with attorneys, brokers, and the real estate community at large. His relationships with sellers, buyers and developers allows him to leverage market knowledge and experience in negotiating and surmounting challenges. As a Top Producer in 2010, 2011, and 2012, his reputation is built on putting clients first by being responsive, consultative, collaborative, ethical and honest.

“Community is important to me,” said Sullivan. He is a member of San Francisco Association of Realtors, California Association of Realtors and National Association of Realtors and active in SPUR (San Francisco Planning and Urban Research Association), SF SAFE, The National Trust for Historic Preservation, Jewish Vocational Services, SF Bicycle Coalition and Panhandle Park Stewards.

Television, radio, print and electronic media often reach out for Sullivan’s take on the local and national real estate market. He has appeared on television numerous times, been featured on the front page of The San Francisco Chronicle and featured on The Today Show, Fox News Business, The Daily Mail UK and LA Times. In 2012 I received the great honor of The Armed Forces Civilian Service Medal.

Originally a Connecticut Yankee, he has lived in San Francisco for 16 years. His interests include family, urban planning, yoga, surfing, and gardening. He has also been fortunate to travel to over 30 countries. He currently resides in the Upper Haight. Sean Sullivan can be contacted at 415-215-0554, Sean(at)climbsf(dot)com. Please visit his website at: http://sfresource.com.

Contact Information

Sean Sullivan, Senior Sales Leader

Climb Real Estate Group

San Francisco, CA 415-215-0554

Sean(at)climbsf(dot)com

http://sfresource.com

(1) http://www.car.org/newsstand/newsreleases/2013releases/june2013sales

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Article source: http://www.prweb.com/releases/2013/7/prweb10954088.htm

Researcher to Woodland Chamber: Expect slow but steady economic growth

Mon, 10 Sep 2012 04:27:21 +0000

Local business leaders got an earful this week on the state of the economy in our region, and what can be done to fix it.

The prognosis: Expect a disappointingly slow, but steady, recovery, led by the San Francisco Bay Area’s high-tech sector.

That was the conclusion offered by Garrick Brown, an economic researcher at Cassidy Turley who spoke before the Woodland Chamber of Commerce during the group’s monthly luncheon on Thursday.

Brown, who specializes in commercial real estate, told the crowd, “If you track commercial real estate, you know exactly what’s going on where.”

What’s going on is a “retread” of last summer, he said, characterized by an apparent paralysis and “freeze on the economy.”

Brown, speaking before about three dozen people at the Yolo Fliers Club, went on to describe the factors involved, and pointed to some hopeful signs along the way.

The main causes for the current economic slowdown, Brown said, are energy costs, this summer’s heat wave, problems with the European economy and the slow growth of “emerging economies.”

As for energy, “Gas seems to like being $4 (a gallon). It just does,” Brown said.

He went on to speak about how the heatwave and drought in the Midwest has led to price increases in commodities.

That in turn affects prices in stores and restaurants, hurting both retailers and consumers.

The other factors are global in scope, affecting exporters, travelers and “banks and their willingness to lend,”

he said.

U.S. debt also remains an issue, he noted, as does political uncertainty and dysfunction.

As a result of all these problems, Brown said, the current fiscal quarter was the worst since the recovery began.

Positive signs

“We’re at bottom, we’re not getting any worse. But are we really getting better?” Brown asked.

His answer was mixed.

On the one hand, Brown believes “pent-up demand” will lead to new real estate growth, especially in single-family homes and rentals. He noted that in San Francisco these days, a tiny 600-square-foot apartment can go for $2,600 a month — a number that drew shocked gasps from attendees.

Also, Brown said, 3.1 million jobs have been created since January 2011 — including 21,800 locally — with almost every sector growing.

On the other hand, the only sector not growing is government jobs, which Brown said is in “full-brown retraction mode.”

And that happens to be the biggest sector in Sacramento, with 27 percent of the workforce in the public sector. As a result, the region is lagging behind others across the nation.

“We are recovering, but it’s turtle’s pace,” Brown said.

Going forward

Brown said he isn’t worried about the most dire economic forecasts, thanks to government stimulus and the Fed keeping interest rates low.

“The market has generally responded very well to that,” he said.

Instead, he said, “We’re essentially looking at more of the same” — steady, but very slow, economic growth.

He encouraged business leaders to diversify the local economy as much as possible, and noted that the Bay Area’s sustained growth — San Jose and San Francisco are currently the top two local economies in the country — could work to our advantage.

One reason why is that as real estate prices continue to rise there, people move out to Sacramento and Yolo counties for more affordable living.

“We have become the escape valve for the Bay Area,” Brown said.

That’s especially relevant given the youth of the high-tech workforce, with most of the engineers at Google, Apple and Facebook in their 20s and 30s. As they grow older, he predicted, many will get married, have kids and move to the suburbs.

“There’s going to be a point where they want good schools, safe streets and square footage,” Brown said.

And that’s where Woodland can take advantage — so long as the city is able to provide attractive places for Bay Area emigres to settle down.

Follow Don Frances at twitter.com/donjfran

Article source: http://www.dailydemocrat.com/news/ci_21502445/researcher-woodland-chamber-expect-slow-but-steady-economic

Bay Area Mortgage Broker Highlights Record-Low Interest Rates for First-Time …

Fri, 09 Mar 2012 15:22:16 +0000

Bay Area mortgage broker AccessBanc recommends first-time homebuyers take advantage of historically low interest rates.

San Jose, CA (PRWEB) March 09, 2012

First-time homebuyers are finding their dreams of owning a home more realistic than ever. A stronger job market and record-low home prices and mortgage rates have helped increase home sales in the US, showing positive signs for the housing market. AccessBanc Mortgage, a Bay Area mortgage broker that specializes in helping people buy a home for the first time, says based on the steadily low mortgage rates and increasing home affordability, now is the time to buy.

According to data recently released by the National Association of Realtors, home sales rose to their highest level in January and long-term mortgage rates are the lowest they have been since 1971. Home sales increased 4.3 percent in January 2012 to a seasonally adjusted annual rate of 4.57 million. First-time buyers accounted for 33 percent of transactions in January 2012, compared to 29 percent in January 2011. AccessBanc Mortgage wants to help first-time homebuyers take advantage of upward trends like these showing positive signs for the housing market.

Buying a home can be a confusing and frustrating process, especially for a first timer. AccessBanc Mortgage helps simplify this process for first-time homebuyers in the Bay Area by offering specialized first-time buyer programs, which require a smaller down payment and make loan qualification easier. These programs coupled with historically low mortgage rates make buying a home understandable and affordable.

“We realize that everyone’s dream is to get the keys to their first home and we want to be a part of that once-in-a-lifetime moment,” commented AccessBanc Mortgage Principal Greg Erny. “While rates are low, we want to be able to help people take advantage of a great market.”

For those looking to purchase a new home, the steadily low mortgage rates are essential. Home prices are currently low, and with interest rates at unheard-of lows, people may be surprised to discover the kind of home they can now afford.

“Our expert brokers specialize in guiding first-time homebuyers through the entire mortgage process. Call us today for a free consultation,” invited Erny.

Bay Area mortgage broker AccessBanc is a multilingual office centrally located in San Jose. They have achieved Premier Relationship status with many of America’s largest lenders, giving them the ability to source mortgage loans through more than 100 lenders.

For more information about first-time homebuyer programs or any of AccessBanc’s products or services, call them at (855) 262-6302 or visit www.accessbanc.com.

About AccessBanc

AccessBanc is a San Francisco Bay Area mortgage broker committed to offering the most seasoned, professional, and competent loan consulting talent available. Because AccessBanc Loan Consultants enjoy favorable lender terms, use state of the art technology, and apply innovative solutions to knowledgeably work the market, they can offer prospective borrowers extremely competitive mortgage rates and great service.

AccessBanc’s services include: refinance, home purchase, first-time homebuyers, conventional conforming loans, jumbo loans, second/vacation homes, investment/rental properties, pre-qualification and pre-approved letters, and home equity loans / lines of credit. From home finance in Marin to first-time homebuyers in San Jose, AccessBanc’s carefully selected Loan Consultant Team can help Bay Area borrowers find the right loan.

AccessBanc Mortgage is a Real Estate Broker licensed by the California Department of Real Estate, License #00892684. NMLS #311147.

For the original version on PRWeb visit: www.prweb.com/releases/prwebmortgage-brokers/bay-area/prweb9267735.htm

Article source: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/03/09/prweb9267735.DTL