Bay Area Economic Profile Report

Bay Area Economic Profile Report

While we often monitor the output of real estate markets with average price and price per square foot metrics it is also useful to monitor the health of the Bay Area economy to better predict future performance. The Bay Area Council Economic Institute and McKinsey & Company just released the 10th edition of their Bay Area Economic Profile.

Big Picture Lamorinda Market Update

Big Picture Lamorinda Market Update

Recently our clients have asked us more and more “Where are we in the current real estate cycle and do you foresee a correction in the near-future.” This question is a valid considering the strong market that has persisted for years, rising interest rates and the new GOP Tax Plan that reduced deductions for real estate taxes and mortgage interest.

Talking Trash

Talking Trash

The spring market is here and buyers and sellers are packing up and moving in and out. Which bring us to talking trash. The number of boxes and packing material that it takes to move is mind boggling not to mention all of the trash that we accumulate over the years that we purge during a move.

Mortgage Rates Are Rising

Mortgage Rates Are Rising

The benchmark 30-year fixed-rate mortgage rose this week to 4.52 percent, according to Bankrate’s weekly survey of large lenders. Rates have increased almost half a percentage point since the beginning of the year and have risen for seven consecutive weeks. 30-year fixed rates are at the highest point since April 2014, when the average rate was 4.54 percent.

HERE COMES 2018!

HERE COMES 2018!

The end of the year is such a busy time, we hope you and your family had a moment to come
up for air and enjoy ringing in the New Year. Over the holidays inventory is traditionally low. No one wants to be bothered to show their home when family and friends are visiting and when there are so many other distractions. More importantly buyers are often out of town, waiting for their year-end bonus and the New Year to begin to start their home search. Despite the traditional holiday lull, December delivered some record high sales which we believe can be partially attributed to buyers and sellers scrambling to sell or buy before the new tax bill was enacted.