Happy (belated) Mother’s Day to all mothers, soon-to-be mothers, and fur-baby mothers! Hope you had a wonderful weekend. The theme of this report is “reopening.” I mean… to go outside and not have to wear a mask… say what?! It’s hard to believe we can start seeing friends and family, traveling, and getting back to […]
Reopening and the Real Estate Market Read More »
Talk to any real estate agent today, and nearly all will tell you they’ve never been busier. Even with mortgage rates having gradually inched higher since the beginning of the year, and home prices continuing to climb as well, buyers have not been deterred. And now, the country seems to be itching with a spring homebuying fever.
Unfortunately for buyers, that means the competition stands to get heated this year. Bidding wars have already surged in recent weeks, and don’t show signs of slowing.
How to win a bidding war Read More »
First of all, during this crazy Holiday season, I want to wish you the warmest Holiday wishes! While we can’t be with all of our loved ones or do many of the things we love, I hope you’re able to find some joy, even if that is just in knowing that 2020 is almost over!! In other news (or
Some Data that Challenges the Media… Read More »
Well…here we are; the day we have been waiting for. I hope we have some answers by tonight, but I expect it will be a bumpy ride. Buckle up!
Rest assured, I’ll be keeping a close eye on the macro and micro market trends as the election results come out. But, as the age-old saying goes, “With uncertainty comes opportunity.” I am confident there will be plenty of both of those as we round out this wild year. If you ever want to chat about what those opportunities could look like for you, don’t hesitate to reach out!
Some News for You Before *THE NEWS* Tonight Read More »
Thinking of refinancing? The process is pretty similar to when you first got your mortgage. If that all seems like a blur, don’t worry. At Better Mortgage, the online portal shows you exactly what’s next on your refinance to-do list, and they’re there every step of the way in case you need help. Here’s a
Your roadmap to refinancing (to save you money!) Read More »
The economy engine is getting back in place. People are spending. FUN FACT – used car prices tend to be a major metric to watch, and they are rising. People are getting out there, driving, actually going to work in some cases, etc.. In fact, the July consumer index had the biggest jump that we’ve seen in decades between June and July.
Want to nerd out on the data with me? Take a look below, and, as always, if you do want to double-click on anything or have a convo – I’m here for you!
Back 2 School for Bay Area Real Estate Read More »
Things are certainly picking up: Mortgage applications have increased dramatically. and inventory levels are on the rise. However, prices aren’t falling that trend in all cases. (Great for buyers!) We’re seeing an average of 1-4% over the asking price (vs 20-30% in many cases in the past)! This does vary property-to-property, and if you ever need help navigating pricing or the right offer strategy to win, you know who to ask! 🙂
Purchase applications were up 18% compared to the same time last year and up 6% from a week ago, according to the Mortgage Bankers Association‘s Weekly Mortgage Applications Survey. This gives us two back-to-back weeks of positive year-over-year prints for purchase applications in the final weeks of the typical housing market heat months. It’s not a coincidence that
Here’s Evidence of V-Shaped Economic Recovery Read More »
Things have undoubtedly been crazy lately, and many of you have been asking about the impact to the housing market in the Bay Area.
Inventory is low, but on the rise. Prices are down, and buyers have increased leverage. As we move towards reopening, I strongly believe that many of these trends will be temporary. The housing market here will stay resilient and, therefore, competition will heat up. If you’re realizing now that you don’t love your home, there is really no better time to buy.
Will April Showers Bring May Flowers? Read More »
Last year proved to be an unexpectedly good year for housing in general and mortgage companies in particular. Ten years after the end of the financial crisis, low interest rates and strong home-price growth contributed to a banner year, with consumers sitting on record amounts of home equity to tap. But the ten-year mark also spawned a host of predictions for a coming recession, maybe even in 2020. Our economy operates on a cycle, and a full decade of growth seems bound to end with a downturn.
What people have all wrong about the “looming recession” Read More »
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