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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 […]

Kick Start the Year with a New Financial Plan

Kick Start the Year with a New Financial Plan

[dropcap]J[/dropcap]anuary is a great time to take a fresh look at your finances, especially if you’re saving for a home or other major purchase. Key to starting the process is making a budget. If you already have a budget, take the opportunity to re-evaluate your goals and the progress you’ve made and make any necessary […]