Categories for Market Conditions

Market Update – May 2017

  Peninsula Real Estate Market Update – May 2017 San Mateo County’s continued hot housing market reflects the incredibly strong full employment economy that the Bay Area and the U.S. are experiencing. Not only is unemployment in San Mateo County historically low (3.2%), but also the number of employees who are involuntarily part-time is falling and older workers are remaining in the workforce longer. The...

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Market Update – April 2017

Peninsula Real Estate Market Update – April 2017 Looking at San Mateo County’s March sales data, we continue to see strong buyer demand driving median sales prices up, and reluctant sellers keeping inventory exceptionally low. The strong sellers market conditions persist. The San Francisco – Silicon Valley economy remains very robust, but more mixed, as evidenced by a cooling in the commercial real estate leasing...

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Market Update – March 2017

March Real Estate Market Report The San Mateo County real estate market continues to experience strong buyer demand and an exceptionally low number of homes and condos for sale. The strong demand is supported by a clean sweep of positive economic indicators just posted by The Conference Board, which reported that consumer confidence is at a 15 year high, and the Leading Economic Index, CEO...

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2016 – Year in Review, 2017 – Year in Advance

KW Peninsula Estates January Market Update 2016 – Year in Review 2017 – Year in Advance   Pretty much every article from respected economic sources is painting a rosy picture for the results of 2016 as well as the outlook for 2017, with a few caveats. 2016 saw unemployment fall in 271 of 387 urban markets while payroll jobs expanded in 303. Real GDP was...

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November 2016 – After the Election

An unanticipated negative result of the presidential election is that interest rates jumped .25%-.375% higher in just two days following the election. This is only the second time that significant a rise has occurred that fast. The immediate effect of this on housing sales is that buyers borrowing capacity just dropped. For example, let’s say someone qualified last week for a $1,000,000 loan at 3.75%....

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San Francisco home prices are highest in the country – but so is their equity

By Britt Chester, INMAN Staff Writer Published September 27th 2016 CoreLogic finds home value gains restoring negative equity nationwide Key Takeaways The percentage of negative equity homes dropped to 7.1 percent in the U.S., or roughly 3.6 million homes. Economists at CoreLogic believe home prices will rise another 5 percent over the year, which would free up another 700,000 residential properties from negative equity. San...

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No housing bubble brewing thanks to strong economic conditions, Nationwide’s Health of Housing Markets Report shows

By Jennifer Riner, INMAN Staff Writer Published September 22nd, 2016 Nationwide study shows numerous markets have surpassed pre-crash price peaks Key Takeaways • Despite increasing housing prices, most markets are balanced by strong job growth, low mortgage rates and rising incomes, according to Nationwide’s Health of Housing Markets Report. • Austin, San Francisco, San Jose, Dallas and Houston home prices are 20 percent above pre-crash...

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September 2016 – Further Evidence of The Shift

In last month’s Keller Williams Peninsula Estates Market Report newsletter, we reported that the market shift had started in the mid-peninsula, with the new trend towards a balanced market, away from the sellers market that it has been for the past three years for both single family homes and condo/townhomes. This month we are reporting that we believe that the median sales price for homes...

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