Categories for Market Conditions

August 2016 – The Shift Has Started?

At last week’s Keller Williams Mega Camp in Austin, Texas, Co-Founder and Chairman Gary Keller focused heavily on the Shift that is beginning in the real estate market and how sellers, buyers and agents must be preparing for it. What’s the Shift? It’s the inevitable cyclicality of the real estate sales market. It is the constant tide flowing from a sellers market to a balanced...

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Bay Area homes: Median price now $735,000 but July sales are lowest in 5 years

If you’re looking for a price break on your next house, you may have to keep waiting. Faced with famously high prices and a tight housing supply, homebuyers grew shy last month. Across the Bay Area, single-family home sales in July fell 13.4 percent from the year before — the fifth consecutive month of year-over-year declines in the number of houses sold. “The market is...

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Mid-Year Housing Market Update

SHIFTING? Gary Keller and Jay Papasan, along with Ruben Gonzalez and Adi Pavlovic from KW Research, delivered the annual Market Update at Mega Agent Camp in Austin, Texas, on Thursday, Aug. 11. The conversation began with a look at the current state of the market and the numbers that drive the industry, and then explored other issues such as affordability, technology trends and industry regulations...

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July 2016 – Falling Interest Rates + Strong Economy

Britain’s June vote to exit the EU has already had an impact on the market in the US, including here in San Francisco. Mortgage rates have dropped almost a quarter of a percent, making the monthly payments on our pricey housing slightly more affordable. The result is that it will support continuing increases in sales prices, as decreases in interest rates always do. For example,...

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Current Median Home Values in San Mateo County

Bay Area Market Conditions in general and the Silicon Valley area in specific are red hot. Low inventory and high demand – fueled by the technology boom have resulted in several years of steady growth. 2015 is no exception. Homes are selling for at record or near record prices in almost all communities that I serve. San Mateo home values have gone up 17 percent...

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