In the spirit that this is the Bay Area Real Estate Trends blog, I’m going to be updating some of my earlier posts to get an idea of just what some of those trends are. And appropriately, on the one-year anniversary of my first post, I’m going to revisit the Montierra Condominiums in the Hayward [...]
What is the definition of fiscal? Webster’s dictionary says fiscal means “of or pertaining to the public treasury or revenues.” When the President talks about fiscal policy, the President is talking about how the federal government will spend tax revenue. So, what is the fiscal cliff? Based on current federal government policy, laws will go [...]
How could home prices NOT be rising when the housing supply is so low? Nationally, housing inventory is down in June 23% from last year. From Calculated Risk: But in the Bay Area, the decline is much more severe. For the San Francisco Metro Area, HousingTracker reports: Housing inventory in San Francisco, which is [...]
An interesting discussion over on Patrick.net on the legitimacy of this housing bounce. It’s a fact that prices have bumped up lately, but it hasn’t been for real, organic reasons. So is the recovery real? Or just a head fake? Follow the discussion.
Home prices are driven by the balance of Supply and Demand. Lately, however, Supply and Demand have been driven more by Government policy and tinkering instead of real, organic, natural market forces. Supply is down enormously while Demand is basically hangin’ in there. The result? Bidding wars and front page stories, like this one, from [...]
In 2009, the U.S. Congress passed and President Obama signed the American Recovery and Reinvestment Act (ARRA). You may recall the phrase “shovel ready projects” or saw the big green signs along local freeways touting infrastructure work to be done locally. The initial price tag was about $787 billion. There first object of ARRA was [...]
Wall St Journal, by way of Calculated Risk had some housing comments recently along the lines of markets “improving from the bottom up“. They referenced some data suggesting a surge in buying activity within lower price sectors of real estate in New York and New Jersey. They continued with analyst commentary suggesting that it was [...]