2023 real estate market

A local economy that leads the world The Bay Area has a unique economic setup. Many of the world’s biggest tech companies are based here. And also, thousands of smaller startups are located in the area. These enterprises attract talent from all over the nation and the world, wanting to participate in attractive salaries and professional development opportunities. Growth can not be endless. But no...

Watch Lex Shan's Insight video about the Bay Area's March 2023 real estate market. Here is the data that Lex...

The challenges of buying a home Buying a home is a challenging task. Homebuyers need to gather many documents. Banks will issue mortgages based on proof of income, credit history, amongst other papers they will request from you.  And if everything goes right, the seller signs a grant deed to transfer real property title to the new owner. Unfortunately, many homebuyers think that once they have a title...

Watch Lex Shan's Insight video about the Bay Area's real estate market.     Here is the data that Lex...

As many know, California's Department of Financial Protection declared Silicon Valley Bank (SVB) insolvent on March 10th. The same Department named the FDIC as a receiver. Although SVB was better known for financing tech companies, this financial institution was also a significant mortgage lender, and its collapse may affect the Bay Area’s real estate market.  A brief history of SVB SVB was...

The best season for real estate Spring is often considered the best season for homebuyers. In fact, 40% of all home sales occur between April and July.  There are several reasons for this to happen: Better weather conditions: Spring is when the weather is usually mild and pleasant. This means homebuyers can comfortably visit open houses and take tours of properties without worrying about extreme...

A massive challenge for every Californian Californians have a huge challenge when they want to become homeowners. The average home price in our state is $760,800, significantly above the national average of $428,700. In the Bay Area, it is even worse: $1,084,500 is our regional average.  With these numbers, becoming a homeowner for the first time might seem nearly impossible. On top of that,...

A family-only project no longer Buying a home is a big decision and usually involves a couple or family. This is because the family life cycle usually triggers housing investments: from an apartment for a young couple to a large house with a backyard for a growing family to a condo in a sunny destination for retirement. Family is the biggest motivator for home buying.  So, it might be a surprise...