"under water" properties at their lowest level in a long time!

Just read on RisMedia:

One million borrowers regained equity in 2015, bringing the total number of mortgaged residential properties with equity at the end of the 4^th quarter of 2015 to approximately 46.3 million, or 91.5 % of all mortgaged properties, according to a new CoreLogic® analysis.  Nationwide, borrower equity increased year-over-year by $682 billion in Q4 2015. 

The total number of mortgaged residential properties with negative equity (“under water”) decreased 19.1 % year over year from what it was at the end of last year.

Interestingly, Miami-Miami Beach-Kendall, Florida, had the highest percentage of mortgaged properties in negative equity (22% of the total).

San Francisco-Redwood City-South San Francisco, CA, had the highest percentage of mortgaged properties in a positive equity position, at 99.3%.    Houston, then Denver followed SF in that category.

To read the full article on RisMedia.

Thanks for reading!

Francis

The 2016 French Fair is coming to Palo Alto:

March 19th - Lucie Stern community Center

1305 Middlefield Rd - Palo Alto.

http://www.frenchfair.org/
See you there, for French food, fashion, dance, live music, art, company!

Try out neighborhood before buying. What a novel idea!

Didn't you ever wish you could try out your neighborhood - before buying your home there? 

What a novel idea!:

Realtor.com’s new partnership with Airbnb, which launched in June 2015, aims to allow just that. 

A buyer thinking about buying in a specific neighborhood can “try out” the area by renting a place for a few days through Airbnb. 

Such recommended accommodation can be found on realtor.com in the same area as the home listing they are viewing.  “Real estate professionals are finding that buyers are more likely to be happier if they are able to try out a neighborhood before choosing to buy” says a Realtor.com spokesperson.

Checking out noise levels, culture, overall vibes gives prospective condo and single-family home owners important information as they make their decision.

Thank you for reading!

Francis

The 2016 French Fair is coming to Palo Alto:

March 19th - Lucie Stern community Center

1305 Middlefield Rd - Palo Alto.

http://www.frenchfair.org/
See you there, for French food, fashion, dance, live music, art, company!