Low mortgage rates are making headlines. And that bodes well for the San Francisco Bay Area’s real estate market. Healthy Housing Market Black Knight, a mortgage industry software provider, reported their May payment-to-income ratio by state. Income ratios have dropped to the lowest level in a year — aided by lower interest rates and rising […]
2019’s Spring Selling Season
Spring and summer are typically hot real estate buying seasons. This year I’ve seen indications of an early start. Often market stats are lagging signals and don’t provide the best picture for buyers or sellers. I’ll share what I’m seeing, reports I’ve read, and what I anticipate in the coming months. Busy Home Inspectors In […]
Parents & Transitions
According to Pew Research Center, 12% of U.S. parents are also caring for an adult. Dubbed The Sandwich Generation, these Americans are dealing with the parental pressures of raising children while helping an aging parent or other loved one. Now compound that pressure with living and working in SF Bay Area. One of my passions […]
February 2019 Numbers & The Fed
Finally some good news from the National Association of Realtors. February existing-home sales rebounded. Strongly. Up 11.8% which is the largest month-over-month gain since December 2015. Three of the four major U.S. regions saw gains. The exception? The Northeast. In general, the median existing house price increased 3.6 percent from a year ago to $249,500 […]
Reviewing 2018, Anticipating 2019
December 2018 Statistics The official December market reports are now available. December 2018 did not outshine the previous year. Let’s review the Santa Clara County’s single-family homes stats which took a dip at year end: Median sales prices dropped to $1.15 million from $1.30 million. 154 fewer sales closed, 757 sales compared to 729 in […]
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