Thursday, February 11, 2016

Inventory shortages push homeownership further out of reach!

A lack of housing inventory continues to stifle the housing market, making it difficult for potential homeowners to get on the property ladder, according to the latest quarterly report from the National Association of REALTORS® (NAR).
Making sense of the story
·       The median existing single-family home price increased in 81 percent of measured markets.

·       The NAR report cited that 145 out of 1791 metropolitan statistical areas (MSAs) had gains based on closings in the fourth quarter compared with the fourth quarter of 2014.

·       There were slightly fewer rising markets in the fourth quarter compared to the third quarter, when price gains were recorded in 87 percent of metro areas.

·       “Without a significant ramp-up in new home construction and more homeowners listing their homes for sale, buyers are likely to see little relief in the form of slowing price growth in the months ahead,” said Lawrence Yun, NAR chief economist.  

·       The unshakeable trend of inadequate supply in relation to the overall pool of prospective buyers inflicted upward pressure on home prices.

·       As a result, homeownership continues to be out of reach for a number of qualified buyers in the top job producing, but costliest, parts of the country – especially on the West Coast and parts of the South.

·       The report also stated that the national median existing single-family home price in the fourth quarter was $222,700, up 6.9 percent from the fourth quarter of 2014.

Read the full story
http://www.housingwire.com/articles/36250-nar-inventory-shortages-push-homeownership-further-out-of-reach


Supporting Cupertino Bay Club Squash Tournament 2016

I was proud to be associated with Cupertino Bay Club in sponsoring their first tournament for the year 2016 and supporting the kids! All the kids played really well and it was a well organized event!
Its all about giving back to the community!!

Thursday, October 15, 2015

Cupertino Diwali Festival/Mela on Oct 17th, Saturday!!

Come visit me at ManuRealEstate booth at the Diwali festival this Saturday, October 17th , Saturday at the Memorial park in Cupertino from 10-5pm! Come for Kids fun games, Prizes, Raffle and much more fun goodies !! So, come visit my booth and bring in your real-estate questions/queries for a meet and greet tomorrow at the Diwali Festival. See you all there!

For details: contract me at 408-834-0313 or visit me at www.manurealestate.com or click the link below.



Cupertino Chamber of Commerce | Events Calendar

Thursday, August 27, 2015

CEEF 5K run this Saturday Aug 29, 2015!! Come join the run and support your schools!!

CEEF's first ever 5K run is getting inaugurated this Saturday Aug 29th at Memorial park, Cupertino. 
The run is to raise money for our wonderful award winning Cupertino schools. Please register for the 5K event and if you haven't already, you can still participate and register at the venue!!
Its a great way supporting the schools and keeping fit!!
For more details visit their website at http://ceefcares.org
Also, Manu Real Estate is a gold sponsor of the event. Always supporting the Cupertino schools. I'll be there personally at the booth to answer any of your real estate questions. Please do visit me for FREE goodies!!
So, see you all this Saturday Aug 29th at the memorial Park!!

Friday, August 14, 2015

Super hot listing, Cupertino top schools and amazing neighborhood!!

I have a wonderful new listing with top notch Cupertino schools in a very desirable Cupertino neighborhood. Stevens Creek elementary, Kennedy middle and Monta Vista high. All 900 plus API!! 

Excellent 4 bedroom 3 bath, 2420 sq ft corner house has a great open floor plan and a huge 10410 sq ft lot!

The house boasts of double pane windows, separate living and family room, copper plumbing, bathrooms with dual sinks, central heating and cooling, pull down movie screen, Solar panels, Indoor laundry room.

Minutes away walk to top notch Stevens Creek Elementary and Varian Park.

Dream backyard perfect for family to entertain and relax with with spacious Patio, swings and pool! Terrific location with easy access to 280, 85, shopping and dinning.

Come visit me at the Open House this weekend Aug 15th (saturday) 1:30pm-4:30pm and Aug 16th(sunday) 1:30pm- 4:30pm
Listing price: $1,989,000














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