Market Update

Is a Spring collapse coming? As Russia's invasion into Ukraine continued, money flew into the US stock money just as our last month's blog post predicted. This inflow gave temporary support to the stock market. Looking at February 2022's market data, we can see that the % of sales dropped pretty much across all the Bay Area counties. Many youtube videos (here and there, for example) have concluded...

Impact Of The Ukraine Crisis Since Russian forces invaded Ukraine, all eyes around the globe are on this country. Attention is also on how the US will respond to the crisis. Just as most predicted, the US will not have military confrontation with Russia. Instead, the US will only impose the toughest sanctions. As a reader of this post, you must wonder how this conflict is going to impact the US real...

  The December 2021 housing data may seem alarming at first glance. Month-on-month price and sales volumes changes are both negative, while year-to-year sales even recorded a 10% to 51% decrease in most counties. Are the Bay Area Real Estate Buyers withdrawing from the market? Fortunately, the answer is no. The decrease in sales volume is driven by a lack of inventory. In December 2020, there...

Happy Holidays! We are just days away from Christmas and 2022! Let's take a look at what happened this month in the market. The most significant economic news of December is probably the Federal Reserve's December FOMC meeting. After the meeting, the Fed announced that they would speed up the tapering of the bond purchases and eventually stop the program in 2022. What does this mean for the real...

We are now in the midst of the holiday season! As we are getting closer to Christmas and the New Year, we are seeing the typical cool-off in the real estate market. Let's take a look at October's sales statistics and the most up to date mortgage rates. Alameda, Marin and Napa counties are leading the pack in the transition to winter real estate, recording a moderate withdraw from high prices. Napa...

Fall is in full swing! As temperatures drop and the rain fall begins, we shall be seeing changes in the real estate housing market. This year, you may have noticed a pumpkin shortage and price inflation due to the California drought and lack of labor. The haunting news regarding this seasonal item may have scared you, but that may not be the only spine-chilling fact.  Here's a look at September's...

Fall is officially here! Now that the kids are in school, the air is crisper, and PSLs are in full swing, what does this mean for the real estate market? Autumn has historically been a busy time in the industry for the Bay Area. This year, as we continue to face challenges set forth by covid-19, we are seeing sales constrained by low inventory. Are potential homebuyers still looking? Is the inventory going...

"August is like the Sunday of Summer." -- Kelly Dwyer Growing up, I didn't particularly like Sundays because it meant that the next day will be Monday--a school day. Now, as an adult, I love Sundays! I get to spend time with my wife and daughter. Then, the next day, my week resets and I get to start a new week with new goals. The same goes for August and the housing market, despite the pandemic, it...

We are already halfway through summer! I'm here to bring you an update on June's market activity. Inventory Trend First of all, let's check the inventory trend. According to the data collected by the California Association of Realtors, the Bay Area housing inventory is hitting an all time low at 1.4 months of supply in June. You may notice that the Bay Area inventory has always been low compared to the...

California has officially re-opened! We saw a lot of ups and downs this past year and the housing market was no different. Now that it is summer time, are you staying in town to shop for a new house or joining the crowd for some "revenge travel"? For those of you who chose to stay in town to shop for your next property, I think it's critical to remind everyone of the common real estate agent practice of...