Geek's Number Talk: Santa Clara County Market Snapshot - Feb. 2022

The Santa Clara County market continues to heat up. House inventory in February was down 17% from one year ago. Consequently, properties are staying on the market half as long and selling at 23% higher rates. The window of opportunity is open slightly wider for condos, but not by much.

Long story short: If you’re considering putting a property on the market, it’s go time!

Chic vs. Geek: It’s go time!

The deadline to file your 2021 federal income tax return is less than one week away on Monday, April 18th. Are you ready?

CHIC (PEARL)

Buying a home is a huge investment, but it also comes with tax benefits for the homeowner. Did you know? The IRS offers a number of deductions and credits to both first-time homebuyers and longtime owners, such as mortgage interest deductions and credits for renewable energy upgrades like solar panels. Check out this list of available opportunities compiled by Investopedia.

GEEK (KEVIN)

If you want to take advantage of tax breaks, you have to be prepared to itemize your return, which could involve hiring a professional accountant. So the first thing you want to do is make sure you’d get a much better deal itemizing rather than taking the standard deduction. If it doesn’t pencil out, why spend all that time and energy when you could be relaxing all weekend?

Geek's Number Talk: Is the interest rate party over?

While interest rates on 30-year fixed loans are a fraction of what they were 30 years ago, a recent spike has average rates up 50% since December and nearly double the all-time low of January 2021.

This could be explained as a reaction to inflation, but it’s hard to ignore the trends…

Chic vs. Geek: King of the Castle?

The Geek loves a good DIY project. But the Chic wonders if maybe he should leave some jobs to the real professionals.

CHIC (PEARL)

As any of our clients would tell you, Kevin (aka “The Geek”) takes a hands-on approach to the work of finding your ideal home. And more often than not, that work extends beyond the final sale to making sure the house — and yard — is everything you want it to be. But sometimes I worry that he’s having too much fun, like when he recently cleared this big tree!

GEEK (KEVIN)

There is nothing on this earth that compares with the power of holding a chainsaw in your hands as it cuts through a thick dead stump of wood. Why wait around for a landscape contractor on a calendar when you can get some early prep work done and have fun while you do it? Pearl does her best to remind me to be careful, and I try to listen… most of the time.