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...
Highest gas prices in America It is no surprise to us who drive that gas prices have climbed to unprecedented highs. In the Bay Area, the price per gallon has reached $5.00, and above, Californians pay the highest taxes for gasoline in the U.S., further increasing its cost. No signs of improvement Relief is nowhere in sight for two reasons. First, the war in Ukraine has nearly closed Russian oil...
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