Market Updates

Wow, what a way to finish up Q3! Today, I want to share a few anecdotes about a few things I’ve observed over the last quarter, as we are now well into quarter four. I hope this Bay Area housing market update will give you a sense of where we’ve been and also help you to potentially see where we’re going.

Lumber supplies trending back up, existing inventory finally starting to tick back up, people getting excited again with the good news– are we finally going to see a flattening market?
In this video, I have some good anecdotes that I want to share with you. I also have a couple of thoughts, ideas, and some data, of course, to get you going into September. Hopefully, these will all be able to help you finish out the year strong with whatever you’re doing real estate wise.

Is it time to panic yet? Where are we going? There’s a lot of talk and many headlines, both locally and nationally, around housing correction. When people hear “housing correction,” they immediately think of 2008. This one will be quite different for different reasons, and in different quantities, and that sort of thing. Nonetheless, a correction is very much possible and entirely on the horizon. But, there’s also more to it than that. Inflation, Supply Chain, Affordability, Interest Rates, and Construction—let’s talk about all these and dig right into it.

An unprecedented seller’s market, super low inventory, prices are all-time highs, equity spreads are huge right now, and interest rates are at historic lows, or at least have been darn close if they’re not already.
If you’re anything like me, your head’s probably spinning. Maybe you’re trying to figure out which way is up and where to go. There is so much information out there that it is just confusing. So today, I wanted to bring forward some content about how we got here to help sort out those things.

Just when you thought you had figured it out. Shrinking competition, preemptive offers, and top-end buyers duking it out? Today, I wanted to do a market update to share some anecdotes, thoughts, and experiences I’m having here on the ground.

When is the market going to turn? Maybe it already has. I know that the title might have piqued your attention, so let’s get started.

Today, I have another Bay Area Real Estate market update for you. This time, we’re going to talk about the market turning. Anecdotally, I see some stuff on the ground that has made me feel concerned, optimistic, or a combination of both, trying to figure out what is going on and where we’re headed here in the Bay Area Real Estate market.

If you were intrigued by the title, I have a feeling that you also want to know something about the supply side of our real estate market. I’ve already talked about a lot of things on the demand side, such as competition, contingencies, and market updates from the buyer or consumer side. That is why I wanted to take a moment because I haven’t really addressed that real estate supply side yet, and it’s also a big part of the equation. It’s a big part of the conversation that we’re in here today, and there are really interesting stats, nationally and locally, that I think are all poignant to your real estate experience here in the East Bay.

As a follow up to last week’s market update, today, I want to show you some data from the California Association of Realtors (CAR) which I found absolutely fascinating. The general trend? Things are definitely getting better and there’s some really good data that indicates very positive things–but don’t celebrate just yet.

Inman, a real estate news publication that talks about real estate industry-related news, recently put out a series called “Bubble Trouble.” This series shared four stats that will give us hope and four stats that won’t. In this market update, I’m really excited to share with you some of those stats that I found really interesting, as well as some anecdotes about what I see on the ground in this local market so let’s get into this!