South Bay Highest & Lowest Home Sales of Q1
Last week I covered the tepid start to inventory this spring selling season. Luckily, we are starting to see more South Bay home listings as this week began with a surge of 20 new listings debuting on...
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South Bay Q1 Home Inventory & Rising Interest Rates
The hottest topics in residential real estate are high mortgage rates and low home inventory levels. Many pundits predicted falling mortgage rates and rising inventory as major themes of 2024.
Some saying, for example:
“How could inte...
South Bay Real Estate: First Quarter Market Data
The majority of the South Bay is officially on spring break!
And with the onset of the long week off, we also get the conclusion of 2024's first quarter.
Without question, the real estate market has not gone the way many had planned i 202...
South Bay One-Level Homes Trending This Month
There are always trends in real estate.
Sometimes it is a color trend, sometimes it is an architectural trend, and some trends can last for years or just be a flash in the pan.
A trend this month seems to be one-level homes.
And in rea...
Challenging South Bay Home Market with Rising Interest Rates and Low Inventory
Inventory and interest rates are quickly becoming key themes for the South Bay home market.
To start the year, many real estate pundits were predicting lower mortgage rates and rising inventory. The first two months of the year is not playin...
Notable South Bay February Home Sales
The real estate pundits have been wildly incorrect to begin 2024. Here were the two mainstream prognostications for this year:
Interest rate declines that would fuel buyer demand.
A rise in home inventory that would increase sales.
W...
South Bay Home Listings to Consider
You all know that I work really hard to get a blog posted weekly to keep you up-to-date on South Bay real estate. It is tedious work, but I know our readers benefit from it and the research keeps my real estate chops sharper than the average ag...
California Housing Affordability in Q4 Stays Rock Bottom – Lowest Since Great Recession
As my weekly readers are aware, I eagerly anticipate the release of the California Housing Affordability Index each quarter from C.A.R. (California Association of Realtors).
For those unfamiliar, the HAI number has consistently proven to be ...
Are South Bay Home Listings Rising?
Residential real estate pundits and much of the Realtor industry is predicting lower interest rates and rising home inventory in 2024. If both predictions come true, it will likely make for a healthy and strong market.
Since the start of thi...
Impactful High/Low South Bay Home Sales to Start 2024
Residential real estate is often busy in the first month of the new year, but the activity typically occurs behind the scenes with agents and clients using January to plan out the next year together.
Clients call their agents and set meeting...
South Bay’s Home Sales Slump: A 1995 Comparison
This week’s blog is inspired by Diana Olick’s CNBC article highlighting national home sales slumping to their lowest levels since 1995. A level not seen in the housing market in nearly three decades!
Let me share the main points of her w...