Will Fall Be a Seller’s Market? In a recent HousingWire article, Fannie Mae’s chief economist stated “the wild card will be whether enough sellers enter the market to continue to meet the strong home-buying demand.” From a micro-economic standpoint, I’m seeing homes that show well and that are strategically priced are moving relatively quickly even […]

Optimistic Outlook for Real Estate At the national level, quarterly home prices increased again in Q2/2020. The National Association of Realtors reported that 96% of U.S. markets showed home price appreciation, with the national median prices rising 4.2% year over year. In general, real estate in the SF Bay Area has shown resilience despite Covid-19 […]

Signs of Optimism At the end of July, MLSListings reported there were signs of optimism for real estate. After sheltering in place for months, there’s an uptick in demand. That demand is fueled by: Renters needing more space and wanting to avoid shared community spaces like elevators or green open spaces Homeowners who are tired […]

Median single-family home values have increased slightly year-over-year. They are also above last month’s average of $1.37 million. So despite Covid-19’s upheaval, the latest stats indicate resiliency in the Bay Area’s real estate market. Inventory Dip Even though we’re in the middle of the summer home-buying season, active inventory dipped slightly. There were less than […]

As predicted, the number of May home sales were down. The California Association of Realtors reported that California home sales fell to the lowest level since the Great Recession. Despite lower sales, the news isn’t all bleak for Bay Area real estate. In fact, many of the statistics are encouraging. Santa Clara County Numbers Are […]