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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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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Open House Pricing Contest winners!

Congratulations to our recent contest winners Russ C. and Jeffrey L. These two tied the contest at 330 Bloomfield Rd in Burlingame. It was listed for $1,498,000. They each guessed $1,650,000, and each said 5 offers. It actually sold for $1,761,000 with 5 offers! Good job, guys. I sent them each $50. Craig & Terri G. of Foster City. They exactly guessed the Sales Price of...

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$100 Open House Pricing Contest

Now you can win $$ when you come to my open house! Enter my $100 Home Pricing Contest. It’s simple. Come to my open house and fill out the 2-question form. 1) Guess the price of the home. Whoever guesses the closest to the final sales price will win $100 gift card. 2) Guess how many offers I will receive. This is used as a tie...

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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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