Bay Area Real Estate Market Update Bay area real estate during the first half of 2023 saw a marked increase in listings going into contract with days on market decreasing. This was driven mainly by 3 factors. 1. Historically low inventory; 2. Nasdaq index increasing significantly; 3. Buyers trying to lock in homes at current rates and refinance later; Low …
March Inflation Figures: On Wednesday, the much-anticipated March inflation figures were released. The overall inflation rate saw a significant drop from 6% to 5%. However, the “core” inflation rate, which excludes the volatile food and energy sectors, experienced a slight increase, ticking up to 5.6%. These diverging numbers have led to different interpretations among analysts …
March 2023 Inflation, Interest Rates and Q1 Market Stats Read More »
‘Interest rates’ two words that drove the bay area real estate market in the first quarter of 2021. Prospective homebuyers were spurred into action at the thought of rising interest rates and low inventory. Record low rates and the thought that the Federal Reserve would likely raise rates in 2022 pushed wavering home buyers that …
Greetings! Hope all is well and you are enjoying some semblance of return to normalcy with California reopening. For a great primer on what that means, the Mercury News put out a helpful FAQ. Market Update From a macro perspective we’ve seen home prices continue to hold with the greatest increases in the single family …
Finding your home starts with arming yourself with knowledge. As highly educated professionals local professionals, we’ve taken time to thoroughly research, detail, and explain the nuances of the different neighborhoods in our areas.
The first step in finding a home is to select the right neighborhood. Becoming a home owner has many legal and financial ramifications. It may not be prudent to choose an agent on “personal connection” or because an agent is “nice”. Just like lawyers and doctors, the best agents are equipped with specific knowledge of …
What should I know before buying a condo or townhome? Purchasing a condo or townhouse typically means ownership in what is known as a common interest development (“CID”). When a buyer purchases a unit in a CID, the buyer is either purchasing a pro-rata (fancy word for proportionate) share of the common areas of a …
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