Tag Archives: Jeni Pfeiffer realtor

BAY AREA PINCH $1 million ‘average’ homes? Let’s talk!

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Voracious demand driving record sales in ‘mansion’ bracket.

Courtesy San Jose Mercury News by Steve Johnson and Pete Carey

There was a time when a million-dollar home was something families drove by on a Sunday outing to get a glimpse of how rich folks lived. But now they’re more common than Starbucks, at least around here.

Fueled by the booming tech economy and seemingly insatiable demand for housing, the Bay Area set records in the second quarter of this year in the number of homes sold for $1 million or more as well as those costing at least $2 million, a real estate information service said Thursday.

CLICK HERE for the full San Jose Mercury news article.

Magnificent SF Pacific Heights Decorator Showcase 2014 Mansion

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By Jeni Pfeiffer, Associate Broker, Realtor

2014 San Francisco Decorator Showcase. 3660 Jackson Street_Pacific Heights designed by Walter Danforth Bliss and William Baker Faville

2014 San Francisco Decorator Showcase. 3660 Jackson Street_Pacific Heights designed by Walter Danforth Bliss and William Baker Faville.

Today is the final day to tour the magnificent 3660 Jackson Street, San Francisco Pacific Heights Decorator Showcase 2014 mansion.

Crafted in 1908 for Alfred and Rose Sutro, designed by the architectural team of Walter Danforth Bliss and William Baker Faville, this stately Classical Revival structure, embraced by climbing figs, sits on a third of an acre overlooking the Presidio and San Francisco Bay.

This extraordinary home was listed for sale in 2013, and quickly Sold for $18,000,000. Dozens of the Bay Area’s top interior and landscape designers have transformed the elegant 9,000 square-foot mansion combining modern touches with an elegant backdrop. Continue reading →

Mortgage Rates May 9_2014 in Silicon Valley

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Courtesy Tony Guaraldi, VP of Mortgage Lending Guaranteed Rate Mortgage

CLICK HERE for the current Friday Mortgage Rate Sheet effective May 9, 2014.

As we had hoped Bonds continued to climb for most of the week.  As you can see from the below Bond prices are at their peak for 2014 which means rates are among the best available this year so far.  Continue reading →

Mortgage Lending Changes and Rates – Jan. 10, 2014

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Courtesy Tony Guaraldi, VP of Mortgage Lending Guaranteed Rate Mortgage

Holly Guacamole!  We unexpected got a lousy jobs report this morning and Mortgage Bonds are the beneficiary!  The Bureau of Labor Statics reported the economy created 74,000 jobs missing huge on the forecasts that predicted a range of 200k to 250k jobs! For comparison the number for October was 200k created and November was 241k created so this was really out of left field!  The Jobs Report each month is always the biggest market mover and again its tied to Fed stimulus right now so reactions to the news are exacerbated for Mortgage Bonds.  You can see the large green box on the right of the chart below showing the bond market rally today but you can also see we are a long ways off from where rates were in Mid-November.  We will enjoy the improvement for now and continue to watch it as we still have some room to run before hitting resistance.  Hopefully we can hold onto these gains today as its typically a volatile day after the jobs report like this!

CLICK HERE for the January 10, 2014 Guaranteed Mortgage Rate Sheet  Continue reading →