Market Updates
Are We In a Housing Bubble?
On the surface, the real estate market is starting to look a lot like it did in 2006, just prior to the housing crash. One of the factors many are pointing to is the availability of mortgage money with low down payment loans. This is causing fear that we’re returning...
April Housing Market Update
The pandemic changed the direction of consumer spending from a focus on services to a focus on physical goods. For many, it also accelerated the rate at which people built savings. With the addition of hyperlow mortgage rates, homebuying became more accessible to a higher number of people in 2020....
March Market Update
COVID-19 cases continue to decrease and it is projected all U.S. adults will be eligible to receive a vaccine by the end of May. Even as it becomes safer for people to interact in office settings, we anticipate that working remotely, is here to stay. We expect demand for housing...
March Market Update: Historical Review and East Bay Market
We don’t want to jinx anything, but we may have turned the corner on the pandemic! New cases are declining after peaking in early January, and the United States is administering more vaccinations every day. However, COVID-19 will have lasting effects on how we live and work. Working from home...
Real Estate Market Update January Part 2
With Covid vaccinations underway, we finally have a glimmer of hope to move out of the pandemic. However, we know that transmission mitigation measures will still be necessary throughout the year. The pandemic has substantially raised demand for housing, and we suspect that demand will continue. Mortgage rates remain at...
Real Estate Market Update January
Have you been contemplating a move and think 2021 may finally be your year? If you've been watching the local real estate market, you already know home prices are hitting record highs in many areas, but what does the real estate market look like outside of California? Let's take a...
Real Estate Market Update November
National Real Estate Market Let's first take a quick look at how the real estate market is performing across the nation. Despite suboptimal major indicators, housing prices have risen considerably. Nationally, home prices have never been higher, and the high demand for single-family homes has dropped the Months of Supply...
October Market Update
Overall, the housing market has shown significant price growth over the second quarter, showcasing the strength and stability of residential real estate. Year-over-year sales have also increased considerably through the summer months. As we enter fall, we believe the housing market is positioned for continued growth in both sales and...
September Market Update
We continue to see the effects of decreased inventory coupled with increased sales in East Bay, which includes median prices soaring back to all-time highs. Once again, the market is favoring sellers. As the market ebbs and flows, we continue to provide you with the most up-to-date information, so you...
August Housing Market Updates for the East Bay
The housing market has shown its resilience through the pandemic and remains one of the safest asset classes. The initial seller reticence caused by COVID-19 seems to have subsided and more Sellers are continuing to come to the market. As more supply becomes available, there could be a small price...
