Watch Lex Shan’s Insight video about the Bay Area’s March 2023 real estate market. Here is the data that Lex mentions.
Watch Lex Shan’s Insight video about the Bay Area’s real estate market. Here is the data that Lex mentions.
Exciting development and good news for home buyers. Watch this video by Lex Shan. You will get a better grasp of the current Market. And to stay updated, read our blogs.
California leads the nation Our state is leading the nation again! The state enacted legislation banning the sale of gas-powered cars and trucks after 2035. The motivation of this law is to reduce the emission of gasses that contribute to climate change. We expect many other states to follow California in this monumental change. The […]
A new normal It's undeniable that the real estate market has been through a very abnormal period since the pandemic started. The graph below shows the % change in pending sales every month from Jan 2018 to Aug 2022. You see a big dip in April of 2020 when the stay-at-home order was implemented. You [...]
July is the first month in the recent ten years when all counties median home prices dropped compared to the previous month. In June's data, Solano was the only one that managed to maintain a 1.5% gain Is the economy in recession? The technical answer is yes. It's a widely accepted standard that when the [...]
The tide is turning. It's becoming more apparent that the seller's market will turn into a buyer's market for the foreseeable months in 2022. June is the 2nd consecutive month where month-over-month sale prices dropped across almost all counties in the bay area. As more media coverage about the home price dropping, more sellers will [...]
Let's quickly go over April's monthly data. Home prices continue to go up as the Spring real estate season kicks into full gear. San Mateo County, as usual, continues to lead the price scoreboard. On the other hand, Marin County had the highest percentage increase compared to the previous year. In the last month's post, [...]
There isn't a whole lot of change to the real estate market in the past month. The trend of prices going up continue from last month's trend. Mortgage Demand This month, one of the biggest news is 30-year fixed mortgage interest rate broke 5% for the first time since 2011. Many of our clients are [...]
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 [...]