Daniel Pizano - Realtor, Broker, Agent

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Daniel Pizano, Realtor in San Jose CA real estate agent, broker, Coldwell Banker blog

Daniel Pizano, Realtor in San Jose, CA and 10 year real estate pro. Blog author, local San Jose real estate expert he writes about the latest real estate news, trends, market statistics, housing data, property sales reports affecting single family and condos in Santa Clara County. He covers the Bay Area, Silicon Valley, and Northern California. Broker Associate with Coldwell Banker Los Gatos office.

San Jose Real Estate Market Update – San Jose Real Estate Agent

October 21, 2014 By dpizano

San Jose Real Estate Market Update – San Jose Real Estate Agent

2014 buyers payment
San Jose, CA Real Estate House Payments Statistics

The San Jose real estate market is still going strong. We have gone through two years of low inventory. The prices have shot up almost 30% in the last 24 months. The San Jose real estate market is now starting to adjust to a slower pace since the start of the year. In March 2014 the San Jose, California real estate market was full throttle and most homes in San Jose were listed and immediately had multiple offers. In April the housing inventory stayed the same but the demand peaked and we had even more offers per home.

Today San Jose housing sales have slowed and we are starting to see more price reductions in different areas of San Jose, Ca.  The housing inventory is still low, however, there are less and less buyers willing to purchase a home that has increased significantly the past two years. Buyers are more cautious now.

When compared to previous years at the peak of the boom, total payment a buyer makes on a home has come down.  Low prices and low interest rates translate to lower mortgage payments. However, given the recent home price appreciation in the past couple years, buyers are now paying more each month. Take a look at this graph from the California Association of Realtors.

For more information on the San Jose Real Estate Market, Call Realtor Daniel Pizano at (408) 460-8401 for more information.

Filed Under: Real Estate Tagged With: data, information, market update, san jose ca housing, san jose real estate, san jose real estate agent, san jose real estate market update, stats

Jobs, Interest Rates, and Technology – Why Silicon Valley is Insulated

October 21, 2014 By dpizano

silicon-valley-logosWith companies like Facebook, Google, Apple, eBay, HP, Intel, and Twitter all located here in Silicon Valley we have a healthy employment economy. Silicon Valley is a unique and different place unlike anywhere else. It’s almost like an island, a technology island. The average high tech wage is $195,815 according to Jones Lang LaSalle report .

Many buyers today work in a high tech environment and have the large salaries to buy a home. The prices have gotten so out of hand that the average employee can’t afford to buy a home in Silicon Valley. You need to have a high tech household income in the six figures just to qualify for the median price home in San Jose.

 

 

Filed Under: Real Estate Tagged With: buy, buying a home, home loan, mortgage, qualifying for a loan, san jose ca, sell

When Will Interest Rate Go Up?

October 21, 2014 By dpizano

mortgage-ratesThe interest rates have been artificially lowered with the Feds buying up billions of dollars in treasury bills. This has been easing up a bit with the new FED chair Janet Yellen. According to Yellen, “There’s no mechanical formula and no clear data.” In her July meeting with lawmakers she hinted that rate will stat to go up in the third quarter of 2015. If you are sitting on the fence whether to buy a home or keep renting, the interest rates going up should propel you take action now.

Filed Under: Real Estate Tagged With: buying a home, interest rates, mortgage rates, san jose, selling a home

Gen Y Millennials the Homebuyers of Tomorrow?

October 21, 2014 By dpizano

millenials are the san jose buyersHalf of these Millennials are employed. Of those working approximately 33% have a full time job, 19% have a part time jobs, 24% are students, and 20% are unemployed.

These Generation Y’s are known for delaying marriage and children. The majority of them are not married and nearly half do not have any children. One thing is certain, they are educated. Approximately 46% of 27 to 34 year olds have college degrees. Among the younger group, 42% of 18-26 year olds are currently enrolled in college.

When asked what type of home they would like to buy, 2 out of 3 responded that they would like to purchase a single family home. They value space and would like a good size lot. Only 12 percent wanted to purchase a town home or condo.

Millennials will be buying homes in the near future. These highly educated individuals grew up with the internet and information at their fingertips. They know what they want and go after it.

If you are a millennial and are thinking about buying a home, please give us a call today at (408) 460-8401.

Filed Under: Real Estate Tagged With: buying a home, first time buyers, generation y, home buyers, millenials

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Testimonials

Daniel sold my townhome in about one week for 26k over my asking price and then got me my new home at 10k under asking price

-Stephanie R

I highly recommend Dan Pizano to help you find your home. We couldn't have done it without him!

-Megan G


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From the Blog

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  • How Does the Fed Rate Hike Affect Mortgage Interest Rates
  • Santa Clara County Real Estate Update

About Daniel Pizano Realtor Broker Agent

San Jose Native, Real Estate Guru, Marketing Expert. Bay Area Sports Enthusiast, Frustrated Golfer, Amateur Chef, Wanna-be Cocktail Mixologist. Web Designer. Lover of All Things Green - Gardener. Musician. Associate Broker of Coldwell Banker Residential Real Estate - Los Gatos Office. For more, follow me at @danielpizano Read More…

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Helping you find your dream home.

Everything starts with a phone call. Call us at 408.460.8401. Daniel Pizano is a top producing real estate agent and broker associate with 10 years of real estate experience. Daniel is affiliated with Coldwell Banker Los Gatos which is a top producing office in Silicon Valley and the entire Bay Area. Real estate is a relationship business. You need a knowledgeable and hardworking broker who will negotiate the best deal for you. Daniel would love to meet with you and see how he can help you achieve your dream of owning your home or selling your home. Call Daniel today!

Office Location

Daniel Pizano, broker associate
01471503
408.355.1557
Coldwell Banker Los Gatos
410 N Santa Cruz Ave
Los Gatos, CA 95030

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