Napa County’s own economic forecast projects a 3.5% annual population increase through 2022. This means that housing needs are increasing every year, and yet the number of new housing units has grown by less than 1% annually for the past 9 years. So, the sales price appreciation we have experienced Read More
Market Report
Marin County Real Estate Market Report – October 2018
SF Unicorn IPOs Five San Francisco-based tech “unicorns” are planning on going public in 2019 Uber, Airbnb, Stripe, Pinterest, and Lyft Once they have their IPOs, their employees will likely take their cash windfalls and purchase homes in and around San Francisco, driving sales prices even higher The Beige Book Read More
San Francisco Real Estate Market Update – September 2018
The Conference Board is sounding a cautionary tone in its economic forecast: “Less support from monetary and fiscal policy, and a weaker global economy will gradually slow the economy to below 2.5 percent growth by the end of 2019. Already, higher interest rates along with labor shortages in construction, and Read More
Marin County Real Estate Market Report – September 2018
Conference Board is sounding a cautionary tone in its economic forecast: “Less support from monetary and fiscal policy, and a weaker global economy will gradually slow the economy to below 2.5 percent growth by the end of 2019. Already, higher interest rates along with labor shortages in construction, and higher Read More
Napa Real Estate Market Report – September 2018
The Conference Board is sounding a cautionary tone in its economic forecast: “Less support from monetary and fiscal policy, and a weaker global economy will gradually slow the economy to below 2.5 percent growth by the end of 2019. Already, higher interest rates along with labor shortages in construction, and Read More
San Francisco Real Estate Market Update – July 2018
Two economic conditions currently in the U.S. may impact the Bay Area housing market. The first is the mounting trade wars with China, Europe, Mexico and Canada. The second is the rising interest rates, tightening monetary policy and converging yield curve, the latter of which has been a recession indicator Read More
Napa County Real Estate Market Report – July 2018
Two economic issues currently in the U.S. may impact the Napa housing market. The first is the mounting trade wars with China, Europe, Mexico and Canada. The second is rising interest rates (2 more are planned by the Federal Reserve Bank but with inflation rising there is talk of a third), tightening Read More
Marin County Real Estate Market Report – July 2018
Two economic conditions currently in the U.S. may impact the Bay Area housing market. The first is the mounting trade wars with China, Europe, Mexico and Canada. The second is the rising interest rates (2 more are planned by the Federal Reserve Bank but with inflation rising there is talk Read More
San Francisco Real Estate Market Update – June 2018
While May’s single-family homes market in San Francisco was more of the same so far in 2018: fewer new listings and sales, and rising interest rates and sold prices, it marked the third straight month of a lower median sold price, And yet the median price is still up 9.8% Read More
Marin County Real Estate Market Report – June 2018
May’s median sold price in Southern/Central Marin reached a new high – $1,625,000, although the three-month rolling average showed no appreciation compared to the same time frame in 2017. The prior year’s appreciation was 14%, so this is a notable cooling of the price rises. The number of new listings Read More
Napa Valley Real Estate Market Report – June 2018
Napa’s May’s single-family homes sold prices were pretty much unchanged from April’s ($724,000 vs. $725,000) and still show a healthy 5.3% increase over last year’s prices. The number of new single-family home listings on the market year-to-date is the lowest in three years: 472 -> 430 -> 410. Sales are Read More
Marin County Real Estate Market Report – May 2018
There has been a lot of news around the Federal Reserve raising interest rates but mortgage rates are up only 0.5% since December, currently at approximately 4.5%. So far, higher rates do not appear to have had a big impact on the market with many buyers still looking for both Read More