Since COVID-19 hit the world and our Real Estate Market, I have focused mainly of the Single-Family home market as impacted by COVID-19 and our recovery from the systemic shock of our first Shelter In Place orders. But recently, I have been hounded by questions about the Condo market: how bad was the crash in 2020; will it continue; when will the recovery occur? This month let's talk a little about the Condo market.
The National Association of Realtors has released their nationwide housing statistics for the month of June. As you can see, the 1970's song from the 5th Dimension is playing all across the country... "Up, Up and Away in my Beautiful [...]
It is now official; on June 15th, the clouds will part, the sun will shine again, the birds will be singing and the State will fully reopen. In the meantime, we were given sudden notice mid-May that all Public Open Houses could immediately resume with certain modifications. [...]
Last month, I addressed the Elephant in the Room; low inventory driving prices higher with competitive offers. Well, all the factors that I addressed last month that could have been negatively affecting inventory have certainly swung widely in the opposite direction. We have now seen a 62% Year [...]
As promised, I would like to explore some of the factors that seem to have had a negative impact on the current lack of inventory in our market. While some of these factors have further exacerbated the inventory shortage, we must clearly address one important factor here; we have been experiencing a [...]
So this month, let's go to altitude and take a look at the world from 30,000 feet rather than just focusing entirely on our local Market. So let's soar above the fray and look at overall Alameda County to show how widespread the market trends really [...]
This is going to be a little weird. I am going to try to explain what we are seeing this year so far, and put it into perspective, and to give you some comfort that the world of Real Estate is returning to "normal", seasonal pattern after the shockwaves of 2020. So follow along and [...]
The Holidays are now behind us. The wine bottles are all in the recycling and we contemplate how long we can leave up our Holiday decorations. Our market now enters the usual "Dry January" lull. This year, the lull will be short-lived as many homes are preparing to come to market [...]
