economics and house prices

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,...

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...

The "slow" months for real estate are here! Winter will officially begin in our part of California on December 21, 2022. We all have noticed lower temperatures and an end-of-year mood and decorations.  We tend to think Winter is a slow season for real estate sales. But a tight inventory of homes across the country, especially in California, has changed market trends. And there are some reasons why...

Moving is part of life in America Statistics reveal that moving is part of being American. For example, in 2020, 8.2% of all Americans moved from one primary residence to another. That is about 27 million moves! There are significant seasonal trends to moving. For example, 40% of all moves occur in June, July, and August. Conversely, only 5% of moves happen in November and December. The reasons for...