Author: Neil Collins (Neil Collins)

Collins: How is today’s housing market different than 2008?

As the Federal Reserve raises interest rates in an attempt to reduce inflation, there is growing uncertainty in the economy. Some are worried about the increasing interest rate’s impact on “kitchen table issues” such as credit card bills and utilities.  However, this anticipated economic downturn looks different from the last major economic decline of 2008....

Collins: What’s really going on with the local housing market?

The headlines these days are quite ominous as they pertain to our current housing market. Residential sales are down substantially on a year-over-year basis, inventory is on the rise, and price reductions are becoming more common. What does this all mean for our local housing market here in Santa Clara County? There are a couple...

Collins: Building equity with modern-day mobile homes

Several months ago, I heard a presentation about mobile homes from Franco Perez, a Santa Clara County Association of Realtors member. His presentation really opened my eyes and changed my perception of the amenities a mobile home could provide. I have had family members reside in mobile homes, mostly around the Brentwood area, that were basic in...

Collins: Building ADUs in Santa Clara County

Since 2016, several significant pieces of legislation have passed in California, removing regulatory barriers that created obstacles to building accessory dwelling units, commonly known as ADUs. As a result, permits for ADUs have increased more than tenfold from 1,269 in 2016 to 14,702 in 2019. With the popularity of ADUs on the rise, I want...

Collins: Will this market offer homebuyers an opportunity?

Based on past market cycles, one would predict the recent wave of volatility in the stock market would cause hesitation among would-be homebuyers that are considering cashing out their stock options in order to purchase a house. Another prediction would be that the Federal Reserve would consider withdrawing scheduled interest rate hikes to keep the economy...

Collins: Why aren’t more homeowners selling?

Santa Clara County saw one of the hottest housing markets in a decade last year, but 2022 has started out with some of the lowest available inventory ever. This month, we will be taking a dive into the reasons that homeowners are not selling and why turning over housing stock is critical to maintaining vibrant neighborhoods....

Collins: Will the housing market slow down in 2022?

Overall, 2021 was one of the hottest years for the housing market in a decade. Low-interest rates were the key driver of the market and consumers redefined what “home” meant to them. The pandemic continues to have a lasting impact on the real estate market. We see consumers’ desire for more space and larger homes....