Category Archives: Social Mood Swings

Bidding Wars Declining, But Still Rampant In Bay Area

Bidding wars have been declining across the Bay Area for since March, though the percentage of Bay Area listings that receive multiple offers is still roughly three out of four. You can see from this chart that the 2013 is following a different trend than prior years.   H/T Redfin.

California Home Sales Back To 1988 Levels

With home prices having spiked and inventory so low this summer, California home sales retreated to levels seen in 1988. Larry Roberts breaks down the numbers and analysis: It’s been called “sticker shock,” but perhaps a more apt term would be “price revulsion.” The cost of ownership rose so high so fast that buyers simply […]

The Fed Predicts Housing Rush To The Exit

Historically, as home prices rise, more sellers are enticed to put their homes on the market. This time, however, something is different. Prices have risen dramatically over the last 18 months, yet housing inventory has fallen. This isn’t how things are supposed to be. The important question is why. The answer will largely tell us […]

Predictions are hard to make, especially about the future.

Yogi Berra was a great man who contributed as much to my understanding as HL Mencken has. Here are a few remarks. Price increases historically start at economic centers ( In NorCal, usually SF) and travel outward geographically until the cycle ends, and prices start contracting at the fringes and move back toward economic centers. […]

People Care Less About Real Estate Now

This isn’t just my opinion. It’s a quantifiable fact. Despite the fact that home prices are basically back to the their 2006-2007 peak, people generally don’t care that much about the housing market. As shown by Google Trends, real estate is trending downwards. “Housing Prices”   “Foreclosures”   “Bay Area Real Estate”   “Real Estate […]