economics and house prices

Hey there, fellow real estate enthusiasts! As the sun shines bright and the summer vibes hit full swing, it's time to dive into the latest buzz in the San Francisco Bay Area real estate market for June 2023! Like summer vacations and parties, the market has been quite the rollercoaster ride with a mix of price movements compared to the previous month and last year. Hang tight as we break it down with a...

As A recurring problem All the economic news channels centered on the nation’s debt ceiling issue. What is the debt ceiling? a legal limit set by the United States Congress on the amount of debt the federal government can accumulate to finance its operations and meet its financial obligations. It all may seem very remote and large-scale to matter to you personally. But the debt ceiling can impact...

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...

Exciting development and good news for home buyers. Watch this video by Lex Shan. You will get a better grasp of the current Market. And to stay updated, read our...

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,...