The real estate market across the US woke up, and it appears we are trying to make for lost time. According to the Mortgage Bankers Association, purchase volume last week was 1.5% lower than it was a year ago — a huge recovery from six weeks ago, when purchase volume was down a jaw-dropping 35%. In Like a Lamb, Out Like a Lion Spring is traditionally the time of year with the highest listings and home appreciation time, and now …
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It’s been a long, largely negative news cycle over the last two months, and we’ve covered what you should do if you can’t make rent or mortgage payments, whether you can sell during shelter-in-place orders, how a pandemic changes real estate, raw data, and even guided meditation. Now, I’m sharing some good news for a change. An Upward Trend Over the last two weeks, the number of homes going into contract in 17 Compass markets has trended upward. I share …
All of my clients, buyers and sellers alike, have been looking for guidance about how the real estate market is reacting to the current economic tsunami we find ourselves in during the shelter-in-lace mandate and, more importantly, where the market might be headed from here. In preparing today’s post about the current state of San Francisco’s housing market, I couldn’t narrow down my options any further than these eleven. Yes, eleven. It’s impossible to truly make heads or tails of where the …
As we collectively adjust to what can and can’t be done with shelter-in-place orders in effect, you may have questions. While I can’t answer them all, I can offer my perspective on real estate in the San Francisco Bay Area. Here are five things San Francisco homebuyers should know about looking for properties during the coronavirus pandemic. Can You Buy During a Shelter-in-Place Order? Yes! While traditional open houses and multi-people tours may be a thing of the past, the market …
If you have to sell your San Francisco, Bay Area home, you probably have questions. Number one — can you sell your home during the state’s shelter-in-place order, which has been extended through the end of May? While each county has adopted slightly different rules the answer is yes. But there are caveats. Real Estate as an Essential Business On March 17, the shelter-in-place directive went out to San Francisco and five of the nine other counties that comprise the …
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