Piedmont, CA (PRWEB) November 11, 2014
Recently, the National Association of Realtors® (NAR) released their 2014 Profile of Home Buyers and Sellers(1). Since 1981, NAR has surveyed owner-occupants across the country to gain an understanding of the demographics and experiences of recent home buyers and sellers. The most notable statistic in this year’s study is that, despite economic improvements, first-time buyers is at its lowest rate, 33%, since the recorded low of 30% in 1987.
“Especially in the Bay Area – where we are experiencing job growth – high rents, student loan debt, and limited wage growth are significant obstacles to new home buyers,” noted Anian Tunney, Piedmont, CA real estate agent broker. “Additionally, limited inventory, competition for that inventory, restrictive credit criteria, mortgage insurance, and difficult financing applications can make the process difficult for anyone.”
While Tunney’s upscale section of the San Francisco Bay Area does not see many first-time buyers, she is quite aware of their importance to the real estate market as a whole. “Real estate works on a domino effect; for someone to move up or down-size, someone else generally has to purchase their current property. First-time buyers allow current home-owners to move up – eventually into higher end markets like Piedmont,” Tunney explained.
For the real estate market to reach full potential, “there needs to be first-time buyers entering the market, and lenders need to do more to encourage those buyers,” Tunney commented. Actions lenders could take include relaxing credit score requirements and reducing mortgage insurance premiums. Those adjustments, as well as making the entire financing application process simpler would help all buyers, even those entering Tunney’s area. People in the market for homes for sale in Piedmont, including 6 King Avenue – offered at $4,200,000 – “need financing just as much as first-time buyers.”
Anian Tunney is an agent broker with The Grubb Company. According to statistics collected by East Bay Regional Data, Inc., she was the 2013 number one real estate agent in Piedmont, CA for the number of units sold and sales volume. Additionally, Tunney is always in the top two in yearly real estate sales for The Grubb Company’s Piedmont, office. She is known for her knowledge, experience, and network in the Piedmont community; qualities which are invaluable for finding that special home or buyers for her clients.
A fifth generation Piedmont resident, Tunney has been with the Grubb Company for over 30 years. She raised her family of four in Piedmont and is active in community projects such as the Piedmont Beautification Foundation, the East Bay Museum Auxiliary, and the Piedmont school district. Her grandmother, Amy Sutton, was a real estate agent, and now Anian works with her daughter Adrienne Krumins, making Piedmont Realty truly a family vocation. Tunney negotiates with grace and clarity of purpose. She can be contacted at 510-339-0400 ext 217, and at tunney(at)grubbco(dot)com. Her website is aniantunney.com.