Alameda has had property prices increase BIG-TIME this year. That’s old news. But this link may be of interest to those who are buying or are trying to buy at this time. Here’s a line from the Wall Street Journal article, dated May 1: Even with the gains in home prices, housing is more affordable [...]
It won’t show in the data yet because the “pendings” haven’t closed. Many are closing for 100K or more over their asking prices, pushing the market price of properties in Lafayette, Moraga, and Orinda up above the previous 2006-2007 peaks. Lamorinda home prices are officially at all-time highs. Some examples… Orinda: Ivy Drive Area 231 [...]
Lately, a lot of people are telling me that they are nervous buying a home now because they are worrying that home prices could be peaking right now and they don’t want to buy at the top. Relax. Home prices obviously won’t rally like this forever, but the rally isn’t ending in 2012. In fact, [...]
Following up on Debunking A Crappy Real Estate Cheerleading Article, here are five more reasons to think for yourself when it comes to today’s housing market. Let’s break down this guy’s reasons 6-10 as to why we aren’t experiencing another unsustainable housing bubble… 6. Strengthening, But Not Overheating. Digging into the latest real estate price data [...]
Ugh… it REALLY feels like 2003 all over again. Especially with crappy articles like this one getting lots of attention and promotion from real estate agents. The article is titled 10 Signs We’re Not In Another Real Estate Bubble, and it is 100% crap. First off, let’s agree that “bubble” refers to the price of homes, [...]
Everywhere you look, people are saying that housing is recovering. But exactly what is a housing recovery? Think about it… does a housing recovery mean a return to peak bubble home prices? Or peak number of existing home sales? Or peak new home sales? Or contribution to GDP? Does it even mean a return to [...]
Redfin has posted some interesting data, telling us that the inventory of homes for sale, especially in the San Francisco Bay Area, isn’t going to be rising anytime soon. 2012 didn’t give us a Spring bump and it looks like 2013 will play out the same way. From Redfin: Surprisingly, despite the fact that the [...]
