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Are California Buyers Still in Bidding Wars?

Aug 04, 2020 (0) comment , , , , , , ,

Are California Buyers Still in Bidding Wars

Because of the lack of inventory that still exists in California real estate markets, sellers remain in the driver’s seat.  At the beginning of the pandemic, in early March, there were many who feared that this recession would trigger a repeat of the 2008 real estate debacle.  By May, the real estate market surprised the…

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Recession? Yes, California Housing Market Crash? No

Jul 28, 2020 (0) comment , , , , , , ,

Recession Yes California Housing Market Crash No

The National Board of Economic Research (NBER) has announced that the U.S. economy is officially in a recession.  To which most of us would respond, “No kidding!”  The Bureau defines a recession like this: “A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators.”…

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Look for a Rebound in the Housing Market

Jul 14, 2020 (0) comment , , , , , , ,

Look for a Rebound in the Housing Market

A hopeful sign of the economic recovery was reported by The National Association of Realtors (NAR) last month when they found that pending home sales increased by 44.3% in May.  This statistic registered the highest month-over-month gain in the index since NAR started tracking this metric in 2001. According to the Pending Home Sales Index…

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Southern California and Home Prices After Covid-19

Jun 23, 2020 (0) comment , , , ,

Southern California and Home Prices After Corona 19

While it is still relatively early in the battle against this pandemic, real estate history does hold some lessons for us regarding what’s next for housing. It is generally agreed that today’s economic downturn will not be another Great Recession that decimates local home prices.  Real estate had been on a roll up until March…

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What Will Happen to the Housing Market This Year?

Jun 02, 2020 (0) comment , , , , , ,

housing market predictions

This is the question on everyone’s mind, whether you own or rent.  When the economy will turn around is crucial to all our lives. The National Association of Realtors (NAR) did a flash survey on May 7, 2020 and concluded from their results that “home sellers are gearing up to list their properties with the…

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California Real Estate Declared ‘Essential’… What Does This Mean in the Real World?

May 12, 2020 (0) comment , , , , , ,

California Real Estate Declared Essential

The California real estate market got a boost recently, when it was reclassified as an “essential” industry.  Since March 20th face-to-face real estate sales have been non-existent.  As a result, and coupled with the economic anxieties, local house hunters in Sonoma County, Santa Clara, San Mateo, and San Francisco Counties (as well as the rest…

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Investing Fears Allayed by Experts We Trust

May 05, 2020 (0) comment , , , , , , ,

Investing Fears Allayed by Experts We Trust

All investors are looking for certainty and guidance with the Covid-19 crisis upon us.  We want to know what the best course of action might be.  A passage from a letter to the Berkshire Hathaway shareholders written by Warren Buffet in 1986 could offer some inspiration now: “[O]ccasional outbreaks of those two super-contagious diseases, fear and greed, will…

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Los Angeles First Quarter Report

Apr 28, 2020 (0) comment , , , , , , , ,

Los Angeles First Quarter Report

As we entered this unchartered territory in the first quarter of 2020, the real estate market reflected some unevenness. Results for this past quarter in Los Angeles County were location and market specific. Looking at various communities within the whole of the county we find these statistics: Properties on the market moved quicker in the…

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Sonoma County Real Estate Report for March

Apr 21, 2020 (0) comment , , , , , , ,

Sonoma County Real Estate Report for March

In examining the March real estate market results, it is important to recognize that there is a time-lag of 3-6 weeks between a listing coming on the market and an offer being accepted.  With this in mind, almost all the sales data we have as of the first week in April reflects the market before…

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The Covid-19 Virus and Its Impact on California Real Estate

Mar 31, 2020 (0) comment , , , , , ,

The Covid 19 Virus and Its Impact on California Real Estate

One of the burning questions facing all Californians today is: with Californians self-distancing and “hunkering down” for the immediate future, what will the impact be on our real estate market and investments?  While this pandemic is causing an economic downturn, it hasn’t yet affected home values and most economist are still optimistic with regards to…

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