The Market
How did the spur of IPOs impact Bay Area housing markets?
Executive Summary: Higher-end sales (above $3 million) surged in the second quarter to last year’s historical peaks. Home prices remained flat in the second quarter, except in San Francisco and San Mateo. For-sale inventory growth slowed considerably, especially in San Francisco. Inventory remains at 50 percent of the last housing boom. Tax reform is likely …
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Sonoma County Q2 Market Report – Compass
Stock markets hit new highs, interest rates hit multi-year lows, and by virtually measurement, the Sonoma County market rebounded in Q2 from the slowdown in the previous 3 quarters. However, these same indicators of market heat were distinctly cooler compared to conditions prevailing in late 2017 and the first half of 2018 – when the [ More ]
Santa Clara Q2 Real Estate Market – Compass
Santa Clara County saw a rebound in buyer demand, luxury home sales and in median home sales prices in Q2, assisted by stock markets hitting new peaks and interest rates falling to multi-year lows. However, its market remains distinctly cooler than the white-hot period running from late 2017 through mid-2018 – when it was perhaps …
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Marin County Q2 Market Report – Compass
Stock markets hit new peaks; interest rates hit multi-year lows; unicorn IPOs roll out in San Francisco; an active spring selling season in Marin with median home sales prices about the same year-over-year July 2019, Q2 Market Report Median Home Sales Price Trends The 1.5% year-over-year decline is not significant since median sales prices are …
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 …
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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 …
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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 …
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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 …
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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 …
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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 ]