If you follow real estate news, I am sure you have read the bay area home prices are growing in double digits even during the COVID 19 pandemic. The home affordability problem is exacerbated while people are most vulnerable. Fortunately, home sales is only one side of the housing equation. The other side of the equation, the rental market, is far less talked about. Rent is reduced 15-20% across...

Spring season is the time for families to hunt for a home of their dreams, bid, and purchase elusive and usually expensive properties in the Bay Area. But not this year! Even during the coronavirus pandemic, home buying and selling have picked up long before the spring surge. The Bay Area real estate is a hot property where buyers are restless and eager to take advantage of the current low-interest...

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 just a few exceptions. Listings are still flying off the shelves and they are going...

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 at the bottom of this post. Many Realtors like to draw from recent market experience and...

"Winter is coming" no longer carries the same chill as it did as Jon Snow famously said it in Game of Thornes. This winter, the real estate market is not cold at all, at least not for single family homes. Our clients took a short break during the Christmas-New Year and came right back into house hunting in new supply of homes trickle into the market. Single family homes continue to go pending after one...

We are almost one year into the COVID pandemic. What has changed? What did we learn and how will it impact the 2021? Below, we looked into the buying trends of various real estate properties in the Bay Area, as well as possible future outcomes, to help you navigate these constantly changing times. Taking Advantage of Low Prices in Condos At the beginning of 2020, real estate agents were practically...

California’s housing situation has never been more uncertain. Since the start of the 2020 pandemic, more and more Californians are struggling to make ends meet, which can be seen especially in the housing market. It’s been estimated that as many as 239,619 households in California will be unable to pay for their rent, leading to a whopping $1.67 billion in debt. In response to these grim numbers,...

Do people still care about winter real estate prices? Well, the data shows that people do, as evidenced by the fact that you are also reading this post. Let's dive into the numbers. Various markets' prices are holding up from October, while most markets saw a drop in sales quantity. This is a sign of seller retreat rather than a surge in buyer demand. Given most markets saw anywhere between 28% to 50%...

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 supply across all regions of California. In...

This year’s pandemic has caused many people to consider moving out of cities and into suburbs or even more rural areas. In just San Francisco alone, residents have hastily gathered their belongings and rushed out of the city in the hopes of the grass being much greener on the other side of the hustle and bustle that comes with an urban lifestyle.  While it’s alarming to live in a city during a...