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The U.S. stock market isn’t the only part of the economy affected by the slide in Chinese markets.

Bay Area real estate is seeing changes as well and that is both good and bad news for local home buyers.

“The Chinese economy has seen quite sharp drops in the stock market as well as general economic activity,” said Ralph McLaughlin, the chief economist for Trulia.

The U.S. stock market has followed suit and the ripples are starting to hit the Bay Area real estate market.

VIDEO: San Jose rental rates among the highest in the nation

Mortgage broker John Holmgren says some of his local clients, who are relying on their stock portfolios for a down payment on a house are having second thoughts.

“We have a lot of clients, who are from the tech sector and they had stock options they were about to exercise that were in the money that would allow them to cash in and make a down payment. Now, not so much,” explained Holmgren.

Those clients are either waiting it out or looking to relatives or creative financing to come up with the down payment.

And it’s not just local buyers. Chinese buyers make up between six and 10 percent of home buyers in San Francisco.

“What we see is quite a decrease in the number of Chinese home seekers looking for homes on Trulia in San Francisco,” said McLaughlin.

McLaughlin says hits from China are down nearly 50 percent so far this year.

If the market turmoil is affecting the mortgage side of the business, talk to a realtor and you’ll get a different perspective

Anian Pettit Tunney at Grubb Realtors in Oakland says a downturn in the stock markets may have just the opposite effect.

“I believe people feel that real estate is a very solid investment that the markets can’t take away from,” said Tunney.

Nearly 38 percent of Grubb’s clients pay cash for a home and that hasn’t changed. In fact, Grubb says they haven’t seen any changes.

Trulia says there is a slight slowdown in home sales in the Bay Area – especially in San Francisco, but prices are still high and it’s still not affordable for many.

Article source: http://abc7news.com/realestate/chinese-stock-market-woes-impacting-bay-area-real-estate-market/1170524/

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Marin Modern, a leading Bay Area real estate firm, announces the launch of Gold Country Modern Real Estate, a full service residential real estate brokerage based in Sutter Creek, California.

Sutter Creek, CA (PRWEB) January 19, 2016

Gold Country Modern Real Estate is the newest entry into the Sierra foothills real estate market. Founded by Amador County native Renee Parsons Adelmann, Gold Country Modern brings ethical, state-of-the-art, high-tech representation to homebuyers and sellers throughout Amador County and the surrounding region. As part of the Marin Modern residential real estate brand, Gold Country Modern is a local foothills brokerage that takes a progressive approach to Amador County real estate, combining the latest technology and marketing strategies with personalized, client-oriented service.

Renee Parsons Adelmann, along with her husband Barry Adelmann, is also founder and owner of Marin Modern, East Bay Modern, San Francisco Modern, and Wine Country Modern Real Estate, a well-established and successful group of real estate companies in the San Francisco Bay Area. Renee states, “I am excited to bring my experience in residential real estate to the Gold Country. After working with local friends and agents, I realized that there was a need for client-oriented, high-tech representation for homebuyers and sellers in the foothills, and it seemed like a logical progression to come full circle and officially expand the business back to my home county. We are not a franchise or “big box” brokerage. We are here to serve the community with integrity and customized service. With that in mind, we’ve put together a great Gold Country Modern team and I am looking forward to working with them.”

Founding Realtors with Gold Country Modern Real Estate include, in addition to owners Renee and Barry Adelmann, Terry Santoro, an established and well-respected Realtor in the area; life-long Amador County resident, Realtor Stephanie Thomas; and e-PRO certified Realtor Tina Starling-Dennis.

Gold Country Modern Real Estate serves the residential needs of homebuyers and sellers throughout Amador and Calaveras Counties as well as El Dorado Hills in El Dorado County. It is uniquely positioned to serve the community as a local brokerage with the advantage of having substantial Bay Area connections. As Gold Country Modern Realtor Terry Santoro commented, “It’s great to know our Gold Country Modern team has these super agents with Marin Modern, San Francisco Modern, Wine Country Modern, and East Bay Modern. Our sellers will have a huge advantage with such a great group behind their listings!”

Headquarters for Gold Country Modern Real Estate are located at 431 Sutter Hill Road – suite C, Sutter Creek CA, 95685. On the web they can be found at http://www.GoldCountryModern.com.

For the original version on PRWeb visit: http://www.prweb.com/releases/amador-county/goldcountrymodern/prweb13168671.htm

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Article source: http://www.benzinga.com/pressreleases/16/01/p6152498/gold-country-modern-real-estate-comes-to-sierra-foothills

Article source: http://blog.sfgate.com/ontheblock/2016/01/18/badly-burned-ingleside-heights-home-sells-for-186000-over-asking/

San Francisco, Calif. – HFF has added to its San Francisco office roster by hiring Edmund Najera. Najera has joined the team as a managing director, handling office and RD investment sale transaction occurring in the area. This is the company’s 16^th hire or promotion of a West Coast transaction professional.

Edmund Najera, managing director with HFF

Holding a Bachelor of Business Administration from the University of San Diego, Najera has amassed 15 years of commercial real estate expertise. Following a stint in the San Francisco office of Grubb Ellis, Najera held the position of senior vice president with Eastdil Secured in Silicon Valley.

According to Steven Golubchik, senior managing director and co-head of HFF’s San Francisco office, Edmund Najera will help with the company’s local office and industrial investment sales platform. Golubchik also noted that Najera is “a seasoned investment sales professional who has key relationships with well-known institutions and high net worth private investors.”

Article source: https://www.cpexecutive.com/post/hff-expands-bay-area-team-with-former-eastdil-svp/