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San Francisco Bay Area Market March 2021 Update

San Francisco Bay Area Market March 2021 Update

San Francisco Bay Area Market March 2021 Update With the daylight saving spring forward and the warmer weather, it definitely feels like we are out of the winter season completely. The real estate numbers seem to reflect the same. Sales volumes and prices are up in almost all counties in the Greater Bay Areas with [...]
2021 Bay Area Real Estate Market Prediction

2021 Bay Area Real Estate Market Prediction

It's the time of year when everyone is looking for some housing market prediction of 2021. Instead of the monthly market update, I'm throwing the boring numbers aside and want to write about my 2021 real estate market prediction. If you are so addicted to monthly number, you can still find the January sales number [...]
San Francisco Bay Area Market October 2020 Update

San Francisco Bay Area Market October 2020 Update

Looking at the home prices of October, it's as if bay area home buyers weren't deterred by the uncertainty of presidential election. Median home prices generally see a substantial increase from 5% to 17% year-to-year, consistent with the previous month's. In terms of the winter inventory, California Association of Realtors reported the demand outpaced the [...]
San Francisco Bay Area Market September 2020 Update

San Francisco Bay Area Market September 2020 Update

We are set to expect a warmer than normal winter for the real estate market. Traditionally, real estate activities in the November, December and January months are about 1/4 of the normal months. This year is different. Based on the September and the other forward looking indicator, we expecting the winter months to have 50%-60% [...]
San Francisco Bay Area Market August 2020 Update

San Francisco Bay Area Market August 2020 Update

As we roll into September, the bay area August sales data continue last month's trend - single families are selling higher and seller while condos are selling lower and lower. There is nothing too interesting going on. In the same period, a single family listing may get 30 showings in 3 days of hitting market [...]

Renting, Affordability and Interest

[dropcap]W[/dropcap]ith affordability deteriorating alongside rising prices and essentially flat sales for several years, fewer Californians have been able to make the jump back into owning their own homes. The number of homeowners in the state rebounded from 7.12 million households in 2014 to 7.56 million in 2016. However, the renter population has increased by more […]

Out-migration: It’s a Housing Story

Out-migration: It’s a Housing Story

[dropcap][/dropcap]California has an out-migration problem. Recently released figures from the State’s Department of Finance (DOF) shows that the number of Californians leaving the state each year is on the rise. After falling significantly during the Great Recession, out-migration from California is on a four-year uptrend. The DOF reports that nearly 118,000 people moved to other […]