The Market
San Mateo Real Estate Q2 Report – Compass
High stock markets, low interest rates, surging luxury home sales, a spring full of local IPOs, and San Mateo County hit a new high in median house sales price (by a nose). July 2019 Report San Mateo County real estate saw a strong Q2 market, though, generally speaking, not quite as competitive as the white-hot …
Continue reading “San Mateo Real Estate Q2 Report – Compass”
June U.S. Jobs Report: Continued strength lowers expectations of Fed cut in July
Friday’s national employment report from the U.S. Bureau of Labor Statistics showed that the U.S. economy added 224,000 in June, exceeding the expectations of market observers who were counting on lower gains amid some slower May economic reports. The current economic expansion also entered its 121st month in July, marking the longest expansion in modern …
Continue reading “June U.S. Jobs Report: Continued strength lowers expectations of Fed cut in July”
California on track for longest job expansion in recorded history
California added 19,400 jobs in May bringing the unemployment rate down to 4.2 percent, according to the latest report from the state Employment Development Department. The lowest unemployment rate, 4.1 percent, was seen in second half of 2018. Current job growth is at a 111-month expansion — the second-longest since 113-month expansion of 1960s. With …
Continue reading “California on track for longest job expansion in recorded history”
Plenty of Bay Area buyers, but why are they hesitant?
Executive Summary: While April’s momentum is slightly slower in May, May sales are still only 2 percent below last year’s highs after double-digit declines earlier in the year. Home sales momentum remains solid in East Bay. Napa sales finally jumped 6 percent after a 6-month losing streak, averaging 20 percent annual declines. Affordable sales picked …
Continue reading “Plenty of Bay Area buyers, but why are they hesitant?”
Compass May 2019 Bay Area Real Estate Update
While overall Bay Area pace of sales in May still trends 2 percent below last year’s levels, some regions are starting to see sales pace pick up ahead of last year. Sales below $1 million are up for the second month in a row after more than 20 months of annual declines. CONTRA COSTA COUNTY …
Continue reading “Compass May 2019 Bay Area Real Estate Update”
Sonoma County Real Estate June 2019 Market Report
Spring Sales Activity Jumps; Median Sales Prices Slightly Down Year-over-Year. Long-Term Median Home Price Trends Short-Term Median Home Price Trends The peak median house sales price in Sonoma County was hit in June of last year. Year-over-Year Comparisons, March-May As we have gotten deeper into spring, the market has heated up considerably. However, by almost [ More ]
Marin County Real Estate June 2019 Market Report
Spring Market Strengthens, But Dynamics Are Cooler Year-over-Year and Median Sales Prices Somewhat Lower. Long-Term Median Home Price Trends March-May Market: Year-over-Year Comparisons Some indications of year-over-year cooling from the very hot spring 2018 market, pretty much across the board. The median house sales price ticked down a bit. The larger decline for condos should …
Continue reading “Marin County Real Estate June 2019 Market Report”
Santa Clara County Real Estate June 2019 Market Report
Buyer Demand Strengthens, Median Home Prices Rise, but Conditions Still Cooler & Prices Lower Than in White-Hot Market of Spring 2018. Median House Sales Prices Long-Term Trends Year-over-Year, March-May Comparisons Santa Clara Luxury Home Sales The luxury home market is fiercely seasonal with sales volume typically peaking in May or June – remember that one …
Continue reading “Santa Clara County Real Estate June 2019 Market Report”
San Mateo County Real Estate Spring Market Heats Up, But It’s Cooler than Spring 2018
With April’s end, we now have 2 months of spring season data unaffected by market activity at the end of 2018, when financial markets plunged. As of early May 2019, stock markets have recovered to hit new highs, interest rates are far lower than last year’s peak, and unicorn IPOs have begun to roll out …
Life in Napa Valley is quiet. Except in late May.
For most of the year, Northern California’s Napa Valley wine country is idyllic and serene. Visitors come to explore the beauty of the rolling vineyards, tour some of its 400+ wineries by car or the Wine Train, and stroll the streets of its six charming towns. But for a few days in late May, things …
Continue reading “Life in Napa Valley is quiet. Except in late May.”