Greetings, all:
When you get to be a man (or woman) “of a certain age”, you’re faced with saying goodbye to older family members, friends you’ve known over your life, associates and colleagues you’ve worked with. It seems as if daily there’s a celebrity we’re commending in memoriam. I’ve long acknowledged the transitory nature of life. The odds of us all reaching 100 years of age are small.
Whenever I’ve been asked the question: Why are we here? What’s the meaning of life? Spiritual beliefs notwithstanding, I’ve always held we’re basically here to make things better for those around us. We’re here for each other, the next generation, the generation that came before us. We reach out to strangers, send money to GoFundMe’s, supply food and clothes and build homes for the less fortunate. Collectively and individually, because “under the sky, we’re one family”, rather than “no good deed goes unpunished”, I contend no good deed done for others is meaningless. In doing so, we make life meaningful and worth living, and derive satisfaction and joy from it. If you’re interested in spending your time wisely during the relatively short period you’re here, accomplishing things that make others happy is a noble pursuit.
Being able to make a living from doing something that makes people happy…now, that’s a blessing, and I can’t think of anything better. And there are so many ways to do this.
After a long, fruitful career of counseling homebuyers and sellers, negotiating on their behalf and facilitating innumerable real estate sales, I continue to love what I do. In any market.
May it be so with you. May you one day be remembered as someone who knew the meaning of life.
Till next month, stay healthy and happy,
Derek, Natalie, Mo & Arwin
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by Patrick Carlisle, Market Analyst for Compass Bay Area
Median sales price is that price where half the homes sold for more and half for less. It is a very general statistic that disguises a wide range of prices in the underlying sales and can be affected by other factors besides changes in fair market value. Monthly and seasonal fluctuations are common, and it is not unusual for median sales prices to peak for the year in spring. Longer-term trends are more meaningful than short-term changes
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It is now easier than ever for us to locate, vet, interview, and connect you with an extraordinary agent (for you, your friends, family, or colleagues) across the country. Just ask! Click the image below for more details. It is now easier than ever for us to locate, vet, interview, and connect you with an extraordinary agent (for you, your friends, family, or colleagues) across the country. Just ask! Click the image below for more details.
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New Listings | Just Sold | Announcement
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At times, all the elements align & you’re reminded of why you got into the business of Real Estate in the first place.
Ben & Kim embodied the perfect first-time home buyers: diligent, thoughtful, efficient & excited. Realizing their penchant for research, I suggested using Compass technology, especially Compass Collections & pricing tools, to their advantage & once they did so, there was no turning back. They were hooked.
Numerously during their search, they were presented with opportunities to enter into a contract, however, they stuck to their guns & waited for the perfect pad to call home instead. It’s safe to say at this point, that they have accomplished their ultimate goal.
Congratulations to Ben & Kim.
When all is said and done, you don’t remember the houses, but you do fondly remember your favorite clients.
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* Mortgage points are fees borrowers pay to a lender in
exchange for a reduced interest rate. Each point equals 1% of the
total loan amount. For a $200,000 loan taking into account
principal and interest only: With zero points and an APR of
4.5%, the monthly payment would be approx $1,013. With one
point, the buyer pays $2,000 for an APR of 4.25% and a
monthly payment of $984. Total savings on a 30-year-loan
would be $10,616, if the buyer owns the home for the full term
and doesn’t refinance. With 2 points, the buyer pays $4,000 for
an APR of 4% and a monthly payment of $955. The total
savings on that loan would be $21,07, again assuming the buyer
owns the home for the full 30 years without refinancing.
* San Francisco, one of the most expensive US cities for housing, is starting to see prices fall for the first time since the depths of the pandemic. The median house price in the city dropped 3% from a year earlier to $1.89 million in June, according to Compass, after cresting above a record $2 million in the previous 3 months…..the latest price was still 20% above the level in March 2020, when Covid-19 lockdowns began. (Bloomberg)
* Here’s a look at what it takes to be seen as financially comfortable by the city in 2022, as ranked by net worth thresholds:
San Francisco: $1.7 million
New York City: $1.4 million
Southern California (includes Los Angeles and San Diego): $1.3 million
Washington, D.C.: $1.1 million
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Benchmark Mortgage Rates Plunges Back Under 5 Percent
Despite the Fed’s recent rate hikes, the average rate for a benchmark 30-year mortgage had plunged from 5.81 to 4.99 percent over the past six weeks, including a 31 basis point (0.31 percentage point) drop over the past week alone, driven by an “increased risk of a formal recession and declining consumer confidence overall,” as we outlined last week and isn’t a positive sign despite some industry spin.
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Berkeley’s California Theatre, a beloved 107-year-old movie theater that permanently closed in October, could be made into a 15-story mixed-use apartment building catering to students.
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Aiming to prove that middle-aged dogs can learn new tricks, here’s a quick look at how we’ve adjusted to our current landscape for our selling clients. (Woof!)
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Visualizing your Upgrade:
Curious to know how Compass can transform a listing and improve its sale price?
Compass Lens uses Artificial Intelligence (AI) to visualize the potential of your space! See exactly the difference working with us can make.
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Dynamic Digital Brochures:
Home features will come to life inside this dynamic, digital brochure while creating an immersive experience for even the most discerning of buyers. Pages will turn and videos will play while allowing us to capture real-time data and actionable insights from potential buyers.
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Video Creator:
We’re able to make quick (10 seconds or less) videos of our listings with essential details to our social feeds.
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Mobile Listing Ads:
We’ll run geo-targeted mobile ad campaigns to reach buyers in the right place, at the right time. Now more than ever, buyers and sellers are spending most (if not all) of their time at home. We’ll create a geofence around the neighborhoods where you’d like your ads to be seen. These ads will appear in mobile apps and will re-target viewers on their desktops and laptops.
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All of this is designed to bring proper exposure to our wonderful listings, and encourage eager buyers to make safe, virtual visits before making safe, in-person visits.
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Since Compass launched in 2012, we’ve been simplifying the real estate process one community at a time. Today, we have more than 250+ offices extending from coast to coast.
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© Compass 2022 ¦ All Rights Reserved by Compass ¦ Made in NYC
Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
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