The Bay Area real estate market is known for its high prices, but buying a fixer-upper can be a strategic way to break into the market and build equity over time. Here’s why it might be a smart move in 2025. Lower Initial Cost Fixer-uppers typically come with a lower price tag compared to move-in-ready … Read more
Proposition 19, passed in California in 2020, has brought significant changes to property tax laws, benefiting families while also raising concerns. Here’s a breakdown of its advantages and drawbacks in 2025. Benefits of Prop 19 Cons of Prop 19 Curious about how Prop 19 affects your family? Let’s discuss your options and plan for your … Read more
Your Guide to Staying Informed in a Changing Market The housing market is like a puzzle—one that changes its shape and picture every year. As we move into 2025, the pieces are shifting again, creating both challenges and opportunities. For those of us in the Bay Area, where the market marches to its own rhythm, … Read more
When it comes to buying a home, especially in the competitive Bay Area, understanding your financing options is key to making confident decisions. You’ve probably heard of Fannie Mae and Freddie Mac, but what exactly do they do—and how do they impact you as a homebuyer? Don’t worry, I’ve got you covered! Let’s break it … Read more
March 2024 U.S. existing-home sales improved for the second month in a row, jumping 9.5% to a seasonally adjusted annual rate of 4.38 million units, exceeding economists’ expectations and marking the largest monthly gain in a year, according to the National Association of REALTORS®(NAR). The rebound in home sales comes amid fluctuating mortgage rates and … Read more
February 2024 U.S. existing-home sales grew 3.1% month-over-month to a seasonally adjusted annual rate of 4.00 million, exceeding economists’ expectations and marking the strongest sales pace since August 2023, according to the National Association of REALTORS® (NAR). Falling interest rates late last year, coupled with a recent uptick in inventory, helped existing-home sales to climb … Read more
January 2024 U.S. existing-home sales slipped 1.0% month-over-month and were down 6.2% year-over-year as of last measure, while pending sales jumped 8.3% from the previous month, marking the largest gain since June 2020, according to the National Association of REALTORS® (NAR). Mortgage rates have dropped significantly from their peak last fall, and homebuyers are beginning … Read more
December 2023 U.S. existing-home sales rose from a 13-year low, climbing 0.8% from the previous month and breaking a five-month streak in which sales declined, according to the National Association of REALTORS® (NAR). Despite the increase, sales were down 7.3% compared to the same period last year, as affordability challenges continue to hinder prospective buyers. … Read more
November 2023 Low inventory, elevated sales prices, and decades-high interest rates continue to weigh on the housing market, causing sales of existing homes to fall to their slowest pace since August 2010. According to the National Association of REALTORS® (NAR), U.S. existing-home sales declined 4.1% month-over-month and 14.6% year-over-year as of last measure, as prospective … Read more
Considering Short-Term Rentals? Short-term rentals can be a highly lucrative investment and a fun way to make money. Some of the advantages to managing a short-term rental property include: 1. Your tenants are generally excited to be at your vacation property and may not require as much attention as a long-term tenant. 2. You … Read more
Bianca R. Kofman Baca
DRE #02125553
Park North Real Estate
DRE #01250523
2002 Irving Street, San Francisco, CA 94122
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