U.S. House Prices Are Up, But Next Quarter Will Really Tell the Story


Thanks to a global pandemic, the first quarter of 2020 has been bananas. Still, a recent report from the Federal Housing Finance Agency (FHFA) puts housing prices nationally up 1.7 percent and a full 5.7 percent over the first quarter of 2019. So what’s the deal? Pre COVID-19 According to the report, the uptick in first quarter home prices can be chalked up to falling interest rates and small inventories. Here’s the caveat — there’s a lag between contract signing

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Home Buying Rebounds Like Nobody’s Business


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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Let’s Try Some Good News for a Change


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

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Preliminary Data for San Francisco Real Estate Sales During the Pandemic


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

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