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Bill provides timely information with paying attention to detail. Extensive knowledge, familiar with market trend and responsible to the client.

Daisy Wang, Refinance Client, Sunnyvale
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Bill is a fantastic agent.I have a very good experience of purchasing my first home. Good personality with friendly and patient attitude.

Jackie Wen, Buyer, San Jose
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I am amazed by his work ethic and care. If you give yourself a chance to cooperate with him, you will put your 100% trust on him because of his professional service.

Alisa Wang, Seller, Union City
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Bill is very knowledgeable about the current market. Actually my husband and I just moved from another state. After talking with Bill, the problem has been addressed very well.

Andrew Zhang, Relocation buyer, Mountain View
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Bill was my real estate agent and he helped me found and purchased the house in 2010 in San Jose. He is not only knowledgeable in this area also very patient. I recommend him!!!

Alex Yao, Buyer, San Jose
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Bill provided very competitive Mortgage rates and excellent customer service. He personally assisted me through every step of the loan process and helped me solve all the met trouble.

Keila Song, Refinance client, Milpitas
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When we purchased our house, the rate at that time was 3.875%. He took care of all the issue. 3 weeks later, we got our new rate approved, which is 2.625%! We DID NOT PAY ANY PENNY! REALLY NO POINT, NO FEE!

Sophia Wang, Purchasing finance, San Jose
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Choosing Bill as my agent, you can SAVE time and SAVE money! I am very pleased with his service!

Nick Huang, Seller, Milpitas
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As a first-time buyer, we are fortunate to choose Bill. He and his team do provide us with comprehensive and professional services. In the process of cooperation, some of the suggestions he gave us are currently correct and practical.

David Kang, Buyer, Fremont
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We choose Bill as our listing agent. The staging he and his team did is modern, tasteful and look much better. Finally we sold our house for above asking price and within a week of listing!

Arianna Huang, Seller, Cupertino
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At first, I didn’t know anything about real estate investment. I consulted Bill ’s investment team. I think his real estate investment analysis is done well and has a certain depth.

Allan Liu, Investor, Fremont
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Bill took care of my refinancing and did a great job. I collaborated with him on a few community events, when I got to know him as hard-working, trustworthy, detail oriented and a great communicator.

Qinggang Zhou, Refinance client, Belmont

August pending and distressed sales report

California pending homes sales retreat in August amidst higher interest rates

LOS ANGELES (Sep. 23) – Rising mortgage rates dampened pending home sales in August, while distressed home sales fell to levels not seen in nearly six years, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today. 

 

“Rising interest rates over the past several months at the specter of a tapering of the Fed’s stimulus program sent buyers to the sidelines in August,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young.  “However, the Fed’s decision last week to postpone the pullback should lead to lower interest rates, which bodes well for prospective buyers.” 

 

Pending home sales data:

 

• California pending home sales dropped in August, with the Pending Home Sales Index (PHSI)* falling 5 percent in August to 108.3, down from 114 in July, based on signed contracts.  Pending sales were down 8.9 percent from the 118.9 index recorded in August 2012.  Pending home sales are forward-looking indicators of future home sales activity, providing information on the future direction of the market.

 

Distressed housing market data:

 

• The share of equity sales – or non-distressed property sales – has risen on a month-to- month basis for 18 of the last 19 months and now makes up more than four in five sales, the highest share since November 2007. The share of equity sales in August increased to 84.7 percent, up from 82.9 percent in July.  Equity sales made up 62 percent of sales in August 2012.

 

• The combined share of all distressed property sales continued to decline in August, dropping to 15.3 percent in August, down from 17.1 percent in July and down significantly from 38 percent in August 2012. Twenty-five of the 38 reported counties showed a month-to-month decrease in the share of distressed sales, with Alameda, Contra Costa, Marin, Orange, San Diego, San Mateo, and Santa Clara all recording shares in the single digits. 

 

• Of the distressed properties, the share of short sales, at 10.2 percent, fell to the lowest point since February 2009.  August’s figure was down from 11.6 percent in July and was less than half of what it was a year ago, when short sales made up 22.9 percent of all sales.  The continuing decline in short sales indicates more previously underwater homes are moving into positive equity as home prices are bolstered.

 

• The share of REO sales also continued to fall, dropping to single-digits for the fifth straight month.  REOs made up only 4.7 percent of all sales in August, down from 5 percent in July and from 14.7 percent in August 2012.  The August 2013 figure was the lowest since August 2007.

 

• Housing inventory levels improved further in August but remained in short supply.  The Unsold Inventory Index for equity sales inched up from 3 months in July to 3.1 months in August.  The supply of REOs edged up from 2.1 months in July to 2.3 months in August, and the supply of short sales rose from 2.5 months in July to 2.9 months in August.

 

Charts:

 

• Pending sales compared with closed sales.
• Historical trend in the share of equity sales compared with distressed sales.
• Closed housing sales in August by sales type (equity, distressed).
• Housing supply of REOs, short sales, and equity sales in August.
• A historical trend of REO, short sale, and equity sales housing supply.
• Year-to-year change in sales by property type.

 

Share of Distressed Sales to Total Sales
(Single-family)

 

Type of Sale Aug-13 Jul-13 Aug-12
Equity Sales 84.7% 82.9% 62.0%
Total Distressed Sales 15.3% 17.1% 38.0%
     REOs 4.7% 5.0% 14.7%
     Short Sales 10.2% 11.6% 22.9%
     Other Distressed Sales (Not Specified)  0.4% 0.4% 0.4%
All Sales  100.0% 100.0% 100.0%

 



Single-family Distressed Home Sales by Select Counties

(Percent of total sales)

 

County Aug-13 Jul-13 Aug-12
Alameda 7% 8% 23%
Amador NA NA 40%
Butte 13% 13% 28%
Contra Costa 6% 6% 22%
El Dorado 14% 16% 43%
Fresno 29% 32% 47%
Humboldt 14% 16% 26%
Kern 21% 21% 47%
Kings 30% 31% 52%
Lake 34% 40% 65%
Los Angeles 15% 17% 36%
Madera 30% 33% 49%
Marin 8% 7% 25%
Mendocino 20% 21% 43%
Merced 24% 24% 59%
Monterey 25% 27% 44%
Napa 16% 15% 36%
Orange 9% 10% 27%
Placer 15% 17% 43%
Riverside 20% 23% 52%
Sacramento 20% 24% 52%
San Benito 24% 22% 60%
San Bernardino 24% 25% 49%
San Diego 5% 5% 17%
San Joaquin 25% 28% 56%
San Luis Obispo 11% 9% 30%
San Mateo 3% 4% 15%
Santa Clara 4% 4% 21%
Santa Cruz 13% 16% 28%
Siskiyou 37% 45% 31%
Solano 22% 31% 60%
Sonoma 13% 14% 32%
Stanislaus 22% 30% 57%
Sutter 28% 20% NA
Tehama NA NA 62%
Tulare 28% 31% 47%
Yolo 11% 20% 36%
Yuba 18% 35% NA
California 15% 17% 38%

NA = not available

Meet Our Team

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Rachel Liu

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Helen Zhong

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Jean Li

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Dongchen Liu

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Welcome to The BQ Team Real Estate Help

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My goal is to assure a smooth, well managed and successful real estate experience that exceeds your expectations. I will always keep your best interest at heart.  

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