What is all this inflation about?
What does inflation have to do with the housing market in San Francisco? Should you buy? Should you sell?
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san francisco housing market
Closing Costs Across the Bay Area: Who Pays What?
As you’ve likely heard, real estate tends to be very local – aka, it’s done a little bit differently (and the norms can also be different), depending on where you are buying or selling. The good news is that our team works really (I mean, REALLY!) hard to work across most areas in the Bay! This is not a “traditional” approach. Many agents have an old-time view that you “shouldn’t cross a bridge.” *Sigh!*
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Back 2 School for Bay Area Real Estate
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!
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In Recovery?
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! 🙂
Will April Showers Bring May Flowers?
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.
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