Silicon Valley Living

By SiliconValleyLiving

Working, living, Being in Silicon Valley. Whether you live here, thinking about moving here or relocating to another city, this podcast talks about all things Silicon Valley.

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FAQs about Silicon Valley Living:

How many episodes does Silicon Valley Living have?

The podcast currently has 615 episodes available.

Silicon Valley Living episodes:

December 02, 2022 Flash Report --- Opendoor CEO Eric Wu Steps Down During US Housing Slowdown
Opendoor CEO Eric Wu Steps Down During US Housing Slowdown

What does this mean to real estate?
What does this mean to you as a homeowner or home buyer?
http://blog.abitano.com/2022/12/flash-report-opendoor-ceo-eric-wu-steps.html
https://spotifyanchor-web.app.link/e/WKeSKwscrvb
https://www.youtube.com/watch?v=xaephpE8R0E

Vito Scarnecchia
Realtor®, Broker, Veteran, Dad
DRE#: 01407676
Website: abitano.com
UPDATE YOUR HOME VALUES HERE https://get.homebot.ai/?id=04198407-86e6-4db0-8902-ddf0de6dbabc
If you are moving ANYWHERE in the world - Let me know! I know a LOT of AMAZING Agents!
Book appointments here: https://calendly.com/abitano/15min
Home Buyers Course
YT YouTube.com/SanJoseLiving
IG https://www.instagram.com/abitanogroup/
FB https://www.facebook.com/vito.scarnecchia/
LI https://www.linkedin.com/in/vito-scarnecchia/
POD https://spotifyanchor-web.app.link/e/oxdH1Hwfcvb
Professional Photography by Kim E https://photosbykime.com/
Compass site: https://www.compass.com/agents/vito-scarnecchia/
VydeoEase.com- Post production service for business marketers.
Video Marketing Course for Realtors
...more
6min
December 01, 2022 RENTERS! Is it time to buy ?!?!?!?

It's weird because the market is actually coming back a little bit. Is it back completely?
Probably not, but there's definitely a wave of new buyers coming. I just did a couple open houses over the last couple weekends and it's been crazy, hectic, busy. I had 17 people come through. One of my, one of my open houses on a Sunday, which is typically slower than a Saturday, so it's just been crazy and everything I'm seeing is actually going into contract.

YT https://youtu.be/h_O8WwGFcbE?sub_confirmation=1PodcastBlog http://blog.abitano.com/2022/11/blog-post.html

I'm fighting to get contracts accepted. So what does that mean? I think what it is, one to seven and a half percent, and now it's down to six and a. That's okay. And really, here's the thing here in California, especially in the Silicon Valley, you're gonna find houses, find loans that are really about five and a half depending.

And yes, you're gonna have to pay a point or so, whatever, but there's other things that we can do to make sure that it's comfortable for you. So renters, if you're looking at buy, thinking about getting into the market, you may have already missed the spot. I think it's gonna slow down again. The Feds are going to testify again and they're gonna increase the rates again, which means your rates are gonna increase, the home rates are gonna increase home mortgage rates.

Is that a good thing or a bad thing? I think it's a good thing if you are a first time buyer, if you are a renter, if you have been struggling to get into the market, especially here in Santa Clara County, Silicon Valley, San Jose, Los Gatos, Willow Glen. Morgan Hill, Gilroy, den Valley, all these different places that I see all the time, I'm seeing houses getting snapped up still.

Are they still seeing 17 offers? No, they're getting one, two, or three offers. We have offers that are sitting on homes that sellers just won't go down on price. They're not being realistic on the market. That's fine, but it absolutely, it's absolutely happening. Let me show you something really. what I've been seeing here.

All right. First of all, let's read this thing right here. 62. Let me make this big so you ca
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25min
November 30, 2022 Time to get your DEAL!!! Rates coming down, Are buyers coming back to buy?
Time to get your DEAL!!!
Rates coming down,
Are buyers coming back to buy?
62% offers in SCC non contingent Are Prices Leveling off or Softening still?
can Buyers still qualify?
Are Appraisals coming in?
Headlines may not be telling the truth Timing... It's all about timing!
Could we see 10% Rates???
1 in 5 can afford to buy a house in California vs 57% Where are the foreclosures?
Vito Scarnecchia
Realtor®, Broker, Veteran, Dad DRE#: 01407676
Website: abitano.com
UPDATE YOUR HOME VALUES HERE https://get.homebot.ai/?id=04198407-86e6-4db0-8902-ddf0de6dbabc
If you are moving ANYWHERE in the world - Let me know! I know a LOT of AMAZING Agents! Book appointments here: https://calendly.com/abitano/15min Home Buyers Course
YT YouTube.com/SanJoseLiving
IG https://www.instagram.com/abitanogroup/
FB https://www.facebook.com/vito.scarnecchia/
LI https://www.linkedin.com/in/vito-scarnecchia/
POD https://spotifyanchor-web.app.link/e/oxdH1Hwfcvb
Professional Photography by Kim E https://photosbykime.com/
Compass site: https://www.compass.com/agents/vito-scarnecchia/
VydeoEase.com- Post production service for business marketers. Video Marketing Course for Realtors
...more
20min
November 23, 2022 Home sales drop 6% MoM, Housing Affordability Falls to More than 10-Year Low

Home sales drop 6% MoM, Housing Affordability Falls to More than 10-Year Low

Vito Scarnecchia- Broker, Realtor, DAD, Veteran

Youtube https://www.youtube.com/watch?v=Ojk_6pCZmgc

Facebook https://www.facebook.com/vito.scarnecchia/videos/1336959983794793

Blog

LinkedIn https://www.linkedin.com/video/event/urn:li:ugcPost:7000964159722962944/

More Than a Third of US Small Businesses Couldn't Pay All Their rent!

homebuyers lose deposits of $10,000, $20,000, or more when canceling new home contracts

Housing Affordability Falls to More than 10-Year Low as Rising Interest Rates Take a Toll

5mm sold vs 6.2 mm Real Estate Sales Volume is down and will be in the future.

US home prices could crash 20% if the Fed fails to 'thread the needle' when tightening, central bank economist finds

The next 6-9 months will see the largest amount of home buyers enter the market

Oct existing home sales drop 6% MoM. That's the 9th straight month-on-month decline. Compared to last Oct, sales were down 28% YoY. They were down 38% YoY (!) in the West

What's your Favorite #REWTF? on Facebook? Check it out

7% better than 2.99% sheet 8

More Than a Third of US Small Businesses Couldn't Pay All

Financial Intelligence

Plausible theory of why the market won't crash

car sales Volume

repo's are going up

Happy almost Thanksgiving. This market is so up and down right now, it's not even funny. And that's really what we're talking about today, where we're going, where the rates are going, where the market's going, everything talking about news, salacious news, headlines that have been taking root, especially when it comes to real estate.

We're also talking about some other things that kind of come into the whole “ Hakuna Matata” or the whole vicious cycle of this economy that we gleefully live in.

Is now a good time to buy?

And I hope you have a happy Thanksgiving on Vito Scarnecchia with The Abitano Group, powered by Compass. We’ll see you out there.

17 houses for each buyer: https://youtu.be/Dlmmfj3shW0

https://anchor.fm/siliconvalleyliving
http://blog.abitano.com/

Vito Scarnecchia
Realtor®, Broker, Veteran, Dad
DRE#: 01407676
Website: abitano.com
UPDATE YOUR HOME VALUES HERE
If you are moving ANYWHERE in the world - Let me know! I know a LOT of AMAZING Agents!
Book appointments here: https://calendly.com/abitano/15min
Home Buyers Course
YT YouTube.com/SanJoseLiving
IG https://www.instagram.com/abitanogroup/
FB https://www.facebook.com/vito.scarnecchia/
LI https://www.linkedin.com/in/vito-scarnecchia/
POD https://spotifyanchor-web.app.link/e/oxdH1Hwfcvb
Professional Photography by Kim E https://photosbykime.com/

Compass site: https://www.compass.com/agents/vito-scarnecchia/
VydeoEase.com- Post production service for business marketers.
Video Marketing Course for Realtors

housing market today,housing market crash 2023,home prices 2023,interest rates mortgage today,home values are dropping,home sales collapse to 10 year low,does home sales close,best real estate agent near me,redfin,realtor,silicon valley homes,should I sell now,should i buy real estate now,should i sell real estate now,should i buy investment property in 2022,is it a good time to buy an investment property,median house price
...more
41min
November 21, 2022 Is Now a Good Time to Buy a House

Is Now a Good Time to Buy a House

Video https://youtu.be/Dlmmfj3shW0

Podcast

Blog http://blog.abitano.com/2022/11/is-now-good-time-to-buy-house.html

Is Now a Good Time to Buy a House

All right, so a lot of people are asking me, is this a good time to buy? And it depends on your circumstances, and mostly it's, yes, everybody's freaking out because the rates are going so high and houses are staying on the market for so long, and it's a fact. We're headed into a recession. People tend to forget the fact that in recessions house prices actually continue to move upwards or in an upward trajectory, and it could be a half a percent, it could be even more.

The last time we went into a massive recession or depression was the Great Depression or whatever it's called, 2008, 2009, 2010. So it means buyers are still out there. There's still a lot of buyers. As a matter of fact, there's more buyers on the fence today than there were six months ago. Seven months ago, in April, there were 17 offers for every house on the market, and now there's 17 houses for every buyer.

So buyers can be picky, right? What's gonna happen when the market comes back? Then you hit 17 buyers. House again and the competition comes back. What we're seeing right now is unprecedented, especially here in Silicon Valley. I'm gonna go look at my sheet real quick so I can do it When the market collapses and guys, I talk about this stuff in my live videos all the time.
I bring this chart amazing, like so many times that it's almost redundant for me to bring it up. But I think it's important that we have this discussion because at the end of the day, when you are looking at buying a house, You're a renter right now, it's, your thoughts are, I can't afford a 7% mortgage.

I just, it's, I can't, it doesn't make sense. But understand that rents are gonna continue to go up. You might be sheltered in your little place, but what happens if your landlord says, Hey, I'm selling a house. You need to move out. This is where it's actually a good time for you, because there's less buyers in the market.
17 houses per by. That's an erroneous number. Actually, a factual number. There's more competition when the market's hot or when the market's going crazy down. But right now we're at a peak or a plateau saying, Hey, the market's just sitting here. We're sitting on the market not really knowing what's going on.

So I tell my people, yes, this is a great time to buy and you're not gonna get the best price when the market crashes or if the market ever crashes. , right? But you're gonna be able to do a lot of different things, a lot of different concessions, a lot. You're gonna be able to ask for a lower sales price or concessions, and we'll go into that in a minute.

But you look at this graph, and frankly, when the market is hot, there's so much competition that you're paying three, four, $500,000 over list price, which people got tired of, and they were just, With the whole market. I've seen people just walk away or they just continue to do it and then they're like, you know what?

Want to read the rest of this? go to our blog Blog http://blog.abitano.com/2022/11/is-now-good-time-to-buy-house.html
You're making more money then too, so keep that in mind. If you're thinking about buying a house or selling a house, gimme a call. My name is Vitos Carneia. My number's 4 0 8 7 0 5 6 8 1 7. We'll see out there.
Vito Scarnecchia
Realtor®, Broker, Veteran, Dad
DRE#: 01407676
Website: abitano.com
UPDATE YOUR HOME VALUES HERE!
If you are moving ANYWHERE in the world - Let me know! I know a LOT of AMAZING Agents!
Book appointments here: https://calendly.com/abitano/15min
YouTube.com/SanJoseLiving
Home Buyers Course
IG https://www.instagram.com/abitanogroup/
Video Marketing Course for Realtors
...more
13min
November 16, 2022 Santa Clara Home Sales down. FTX's fall, iBuyers are gone? Tech Layoffs ramping up
Santa Clara Home Sales down. FTX's fall, iBuyers are gone? Tech Layoffs ramping up
watch full video here- https://www.youtube.com/watch?v=vRM8d8rJuBw?sub_confirmation=1
otherwise, enjoy the drive home

The elections are over. Policies go back to the way things were Gas, fuel, heating going to do damage I know I've said it before, but now is the time to be out looking for houses- or is it? Winter is here, start focusing on your health, mental health, physical health 30 day challenge? Join us during your lunch this coming Wednesday. realtor,mortgage rates,real estate,interest rates,housing market,housing market crash,mortgage interest rates,real estate market,housing bubble,housing market predictions, home prices, us housing market, housing market predictions 2022,housing crash,housing market forecast,2022 housing market, housing market bubble,real estate market predictions, Santa Clara County, real estate agent, jason walter, San Jose, Morgan Hill, Gilroy, Almaden, Willow Glen, Los Gatos, Saratoga, Cupertino
...more
34min
November 09, 2022 Facebook Meta Layoffs? California is drying up. Housing Market sees Layoff
Facebook Meta Layoffs? California is drying up. Housing Market sees Layoff
Watch the video here: https://youtu.be/yUXY_UevJto?sub_confirmation=1
Happy 247 Marine Corps Birthday 🦅 🌎 ⚓️
California is drying up. Housing Market Braces For Rising Layoffs 'Soon' As Mortgage ... NREP Facebook Meta Layoffs? More Tech layoffs? Opendoor lays off 18% of workforce ahead of Q3 earnings call this week The cuts affect approximately 550 people, Opendoor CEO Eric Wu said in a blog post Wednesday, and come amid a worsening housing market that has forced layoffs across the real estate industry Los Angeles' City’s eviction moratorium is scheduled to expire on January 31, 202 BREAKING: Opendoor lost nearly $1B IN Q3 Do you trust China? More manufacturing coming back to US but also other countries. Thursday morning CPI announcement- I'm guessing 10%+ California is drying up California wells dry up amid megadrought Housing Market Braces For Rising Layoffs 'Soon' As Mortgage ... Wells Fargo mortgage staff brace for layoffs as U.S. loan . Job openings, vs hiring.

jason walter,realtor,mortgage rates,memes, youtube news, real estate,interest rates,housing market,housing market crash,mortgage interest rates,real estate market,housing bubble,housing market predictions,home prices,us housing market,housing market predictions 2022,housing crash,housing market forecast,2022 housing market,housing market bubble,real estate market predictions,sacramento real estate agent,jason walter, layoffs, oconomy
...more
39min
November 02, 2022 Feds, Inflation, Home prices, GAS PROFITS
New Handle! @SiliconValleyLiving

Feds Raise rates again - can't stop the bleeding
Gas Profits in Billions Domestic Migration Trends June 2022
"DRE WARNS CONSUMERS TO BEWARE OF I.D. THEFT SCAMMERS TRYING TO RENT HOUSING THEY DO NOT OWN OR LEGALLY CONTROL"

Local Realtor Disciplinary actions
CPI Nov 10
10.7% Eurozone inflation jumps to record-high 10.7%
Home Prices Will Fall By 50%...Or More?
...more
29min
October 26, 2022 airbnb no more? Best bang for your remodel buck. INSURANCE REFORM

Airbnb and other short term rental platforms needs to look harder at their processes and how they treat their hosts. Some are walking away from them and focusing more on Long Term Rentals vs Short Term.

Some homeowners are choosing to hold in place instead of moving. We have our NAR Remodel impact report and will go through it.

Insurance Reform- while each state controls and regulates their insurance programs, some say it's out of control. Maybe it's time we take a closer look at insurance

"40Day+ DOM Report

""will the housing market crash in 2022, will the housing market crash in 2023, when will the housing market crash again, housing market predictions for next 5 years, when will house prices drop in california 2022, when will the housing market crash in california, will the housing market crash in 2024, should i buy a house now, should i buy a house now or wait until 2023, REALESTATE, california, real estate, housing, housing market, buying a house, real estate market,todays mortgage rates Monthly Home Valuation https://hmbt.co/bT7qRJ Time to buy: https://hmbt.co/iNAKFp Gravitas, Ramsey, #willthehousingmarketcrashin2022, #willthehousingmarketcrashin2023, #whenwillthehousingmarketcrashagain, #housingmarketpredictionsfornext5years, #whenwillhousepricesdropincalifornia2022, #whenwillthehousingmarketcrashincalifornia, #willthehousingmarketcrashin2024, #shouldibuyahousenow, #shouldibuyahousenoworwaituntil2023, #REALESTATE, #california, #realestate, #housing, #housingmarket, #buyingahouse, #realestatemarket"""
...more
31min
October 19, 2022 BUYERS MARKET? ???
t's official. More areas are experiencing attributes of a buyers market. This means longer days on market, less offers, no more AS-IS, Zero Contingency offers or $400,000 over asking. As a matter of fact, some areas are seeing a contraction in pricing and homes being sold as low as 68% below asking!

BLOG http://blog.abitano.com/2022/12/buyers-market-are-homebuyers-back-to.html
https://youtu.be/QIVqrIkKi3U?sub_confirmation=1 https://spotifyanchor-web.app.link/e/7SI7egQHuvb
When will the housing market crash again? Are we going to see the housing market crash?
While we can't even guess at the housing market predictions 2022 or what 2023 will look like, we know that the market is slowing, because of inflation, the economy, threat of WWIII, and unemployment, we can ask if home prices will drop in 2023. It's not likely, but anything is possible. What we know is that there are more people than houses.   Ibuyer platforms and hedge fund corporations buying houses 2022 which means they're buying up inventory and ultimately homes for people. This hurts everyone eventually because no matter what, people have to live somewhere. It makes competing against these mone
This is what we'll be talking about on this weeks Silicon Valley Living, LIVE

Want to know more about how we're framing offers that are getting accepted, call today- Let us help!   📱 Call or Text: (408) 479-2427 📨 Email: [email protected] https://abitano-academy.coursify.me/courses/home-buyers-course# PODCAST https://anchor.fm/siliconvalleyliving

40Day+ DOM Report "will the housing market crash in 2022, will the housing market crash in 2023, when will the housing market crash again, housing market predictions for next 5 years, when will house prices drop in california 2022, when will the housing market crash in california, will the housing market crash in 2024, should i buy a house now, should i buy a house now or wait until 2023, REALESTATE, california, real estate, housing, housing market, buying a house, real estate market,todays mortgage rates Monthly Home Valuation https://hmbt.co/bT7qRJ Time to buy: https://hmbt.co/iNAKFp Gravitas, Ramsey, #willthehousingmarketcrashin2022, #willthehousingmarketcrashin2023, #whenwillthehousingmarketcrashagain, #housingmarketpredictionsfornext5years, #whenwillhousepricesdropincalifornia2022, #whenwillthehousingmarketcrashincalifornia, #willthehousingmarketcrashin2024, #shouldibuyahousenow, #shouldibuyahousenoworwaituntil2023, #REALESTATE, #california, #realestate, #housing, #housingmarket, #buyingahouse, #realestatemarket"
...more
1h 11min

FAQs about Silicon Valley Living:

How many episodes does Silicon Valley Living have?

The podcast currently has 615 episodes available.