California leads the nation Our state is leading the nation again! The state enacted legislation banning the sale of gas-powered cars and trucks after 2035. The motivation of this law is to reduce the emission of gasses that contribute to climate change. We expect many other states to follow California in this monumental change. The implications for supply chains, retail commerce, and housing...
A new normal It's undeniable that the real estate market has been through a very abnormal period since the pandemic started. The graph below shows the % change in pending sales every month from Jan 2018 to Aug 2022. You see a big dip in April of 2020 when the stay-at-home order was implemented. You also see the pending sales dwindling as the interest rate started to rise in 2022. The Bay Area...
A looming slowdown The national housing market is sending signals of a slowdown, including in the Bay Area. As I mentioned in my last blog post, the real estate market fundamentals are changing very fast, and I want to keep you well informed to adapt to these changes. The trends are changing. More homes are available for sale and potential buyers now have increased negotiation power. In San...
The end of inflation is not near The end of high inflation does not seem to be anywhere near. In June 2022, the rate of 9.1% was the highest since November 1981! This increase is above the forecast of 8.6% that most economists were expecting for this year. No sector of the economy is untouched. Food, construction materials, and energy prices have gone through the roof. The majority, 71% to be...
What exactly are Cryptocurrencies? You'll read or hear about Bitcoin and other Cryptocurrencies everywhere you turn. But what exactly is "Crypto"? Cryptocurrencies are digital or virtual currencies secured by cryptography. Encryption makes them impossible to counterfeit or double-spend. Cryptocurrencies store value and can be used as a means of payment, backed by a secure database of transactions known...
by Lex Shan
Life is unpredictable Life is constantly changing, throwing us curveballs, and challenging our assumptions. The same house we thought we would live in until retirement or until our children are all grown up might need selling. And fast! There are many reasons for this to happen. Some are positive, for example, a great job offer in another City or State or a business opportunity far from your current...
by Lex Shan
The Golden State Most experts agree that our beautiful state of California has an abundance of natural and human resources. If measured separately from the rest of the U.S., our state would be the world's fifth-largest economy. After all, we nurtured the planet’s leading tech, entertainment, and defense industries. In addition, older economic sectors, such as agriculture, significantly contribute to...
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