Kyle
Bay Area native and the real estate professional in San Francisco and the East Bay, Kyle McCullough combines a dedication to his client's satisfaction and his abundance of knowledge to deliver exceptional results in one of the world's most competitive markets. When you work with Kyle, you are working with a highly responsive, hard-working agent that will go above and beyond to help you achieve your real estate goals. Just as if it were his own purchase or sale.
Past Sales Let’s ConnectOffer Accepted in San Francisco
When you think of homeownership, what’s the first thing that comes to mind? Chances are you might focus on the non-financial benefits, like the security or stability a home provides. But what about equity? While it can be overlooked, a homeowner’s equity helps build long-term wealth over time. Here’s a look at what equity is and why it matters. For a homeowner, your equity is the current value of your home minus what you owe on the loan. So, as home values climb, your equity does too. That’s exactly what’s happening today. There aren’t enough homes on the market to meet buyer demand, so bidding wars and multiple offers are driving prices up. That’s because people are willing to pay more to buy a home. Right now, this low supply and high demand are giving current homeowners a significant equity boost. Dr. Frank Nothaft, Chief Economist at CoreLogic, explains it like this: “Home price growth is the principal driver of home equity creation. The CoreLogic Home Price Index reported home prices were up 17.7% for the past 12 months ending September, spurring the record gains in home equity wealth.” To find out just how much rising home values have impacted equity, we turn to the latest Homeowner Equity Insights from CoreLogic. According to that report, the average homeowner’s equity has grown by $56,700 over the last 12 months. Curious how your state stacks up? Check out the map below to find out the average equity gain for your area. How Rising Equity Impacts You If you’re already a homeowner, equity not only builds your wealth, it also opens doors for you to achieve your goals. It works like this: when you sell your house, the equity you built up comes back to you in the sale. You can use those proceeds to fuel your next move, especially if you’ve decided your needs have changed and you’re looking for something new. If you’re thinking about becoming a homeowner, understanding the importance of equity can help you realize why homeownership is a worthwhile goal. It builds your wealth and gives you peace of mind that your investment is a wise one, not just from a lifestyle perspective, but from a financial one too. Bottom Line Whether you’re a current homeowner or you’re ready to become one, it’s important to know how equity works and why it matters. If this inspires you to make a move, let’s connect to explore your options and find out what steps you need to take next.
Sometimes, we get that urge for change, to step out of the norm, to shock the system, to jump out of the hamster wheel, to level up, and to grow. Some people ignore that calling and some rise to the occasion. My new year, my 2022, started on November 5th, 2021 when I graduated from the Modern Day Knight Project also known as The Project. This was my calling and it was life-changing! What Is The Project? The Project is an immersive 75-hour boot camp hell week put together by Bedros Kuilian - business public figure & the founder of Fit Body Bootcamp, Ray Care - Navy Seal veteran, Matt Schneider - former SWAT, Steve Eckert - Marine & leadership figure, and Erin Alejandrino - MMA/martial artist. These savages are strong examples of a man and a leader, they are extremely centered and structured, they have been through their own battles, these men will break you down then raise your redline back up physically, mentally, and emotionally. What Does That Mean? We got little to no sleep, our technology was locked away, we were fed just enough to keep us level, we were cold, we were wet, we were delirious, our fight or flight was activated the entire time… all while putting out with a variety of challenges and evolutions. You will be surprised how far your body can keep going when you just breathe, take back control, and decide to keep moving. Everyone has their limit, their redline, and some struggle to get past this and they ring the bell and quit. 33 men showed up, 24 finished. You will also be surprised how quickly you forge bonds with other classmates and people you have only known for a short time when you bleed, suffer, and go through hell and back together. There is a saying that the blood of the covenant is thicker than the water of the womb, and it couldn’t be more true. Through all of this, guards come down, masks come off, the layers are pulled back, and your true self comes out. Why Did I Do This? When I told (a few) people what I signed up for, the responses I got were: “...and you’re doing this why?” - my take is, why wouldn’t you do this. At first, I was sucked into the physical training. I love a good challenge. I saw the highlight videos, one of the instructors is a Navy Seal veteran and I thought how cool would it be to experience a small tiny fraction of what those guys do. Then, as I started bonding with my classmates and reading the mandatory books, my true “why” began to take shape. To complete an experience like this, you need a strong why, otherwise it’s too easy to ring that bell and quit. Society has become so complacent. It is so easy to be comfortable. So easy to choose easy. We tolerate being average and this transcends into complacency with work, relationships, and health. Then goes further into drifting and loss of purpose or self-awareness. Society is always looking for an easy way out, the path of least resistance. Society doesn’t want to face discomfort head-on. I’m guilty of it and most of us are guilty of it. Our brains are simply hardwired this way to protect us from adversity, but that protection is kicking in sooner and sooner as our day-to-day life becomes easier and easier. We are all capable to achieve so much more. I wanted more. My why was to see what layers I have to peel back, because I didn’t know. I also wanted to get down and dirty and let my inner bad-ass out of the cage. I want to be a better leader, a better partner, a better parent, and better for my family, my health, and as a professional. I want to be more present. I want to have a better stronger mindset, and I want to increase my network for high-performing like-minded people, and yes… I wanted to experience a little bit of Navy Seal surf torture. The physical challenges were just a piece of the Project and the gateway to getting down to the core and peeling back the layers for our classroom sessions where multiple levels of revelation, clarity, a-ha moments, and growth took place. Kyle 3.0 I brought home an “attack the hill” mantra that goes with me everywhere. But, this isn’t a one-and-done event. It’s another layer to my foundation, and an improved toolbox so that I can show up better in all areas of my personal and professional life. I encourage you to find something challenging, go do it… and finish it! Find your redline and push it up a little further. Whether it's a 5k, a 10k, a half marathon, a Spartan Race, or the Modern Day Knight Project. Find your hill and attack it.
To succeed as a buyer in today’s market, it’s important to understand which market trends will have the greatest impact on your home search. Danielle Hale, Chief Economist at realtor.com, says there are two factors every buyer should keep their eyes on: “Going forward, the conditions buyers face are primarily dependent on two things: mortgage rates and housing supply.” Here’s a look at each one. Mortgage Rates Projected to Rise in 2022 As a buyer, your interest rate directly impacts how much you’ll pay on your monthly mortgage when you purchase a home. Rates are beginning to rise, and experts forecast they’ll continue going up in 2022 (see graph below): As the graph shows, mortgage rates are expected to climb next year. But they’re still low when you compare to where they were just a few years ago. That presents today’s buyers with some motivation to lock in a low mortgage rate before they climb higher. More Homes Are Expected to Be Available This Season The other market condition buyers need to monitor is the number of homes available for sale today. The latest Existing Home Sales Report from the National Association of Realtors (NAR) shows the current supply of inventory sits at just 2.4-months. To put that into perspective, a 6-month supply is ideal for a balanced market where there are enough homes to meet buyer demand. However, there may be good news for buyers who are waiting for more options. A recent realtor.com survey shows more sellers are planning to list their homes this winter, meaning more choices will likely be available soon. What Does That Mean for You? Even if your options improve some this season, it won’t significantly shift market conditions overnight. According to NAR, many more listings need to be available to move closer to a more neutral market: “Given the average monthly demand 3.55 million homes should be on the market to meet a level of inventory equal to six months of demand, implying a shortage of homes for sale of 2.24 million.” So remember, even with more homes expected to come to market this season, competition among buyers will remain fierce as there still won’t be enough homes for sale to meet the current demand. That means you’ll need to act quickly when you’re ready to make an offer. Bottom Line If you’re planning on buying a home this winter, more options are welcome news, but it doesn’t mean you should slow down. Let’s connect today so you have an expert on your side to help act as quickly as possible when the right home for you hits the market.
When you work with me, you are working with a highly responsive agent that will go above and beyond to help you achieve your real estate goals.
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