This November we have an exciting election on multiple levels. We get to decide if Donald Trump will get another four years or if Joe Biden will become our next president.
I don’t know about you, but I am hoping that the rest of 2020 will go by quickly and we can put this year behind us and return back to our normal lives that we are accustomed to!
San Francisco Realtor Alexander Clark, however, said Zillow reports like these – and ensuing articles based upon them – are meant for “shock and awe” and often tell a partial story.
As I talk to people about real estate during this COVID-19 time, there are many questions that are on their minds. There are some truths, some misconceptions, and many misunderstandings because none of us have ever gone through something like this before.
When the SIP started, sellers withdrew their listings from the market in droves, buyers had to shelter-in-place and real estate activity nosedived.
John M. Lee provides a real estate update after week 10 of shelter-in-place orders.
John M. Lee provides an update on how real estate has been impacted by COVID-19.
Buyers and sellers have been asking if the real estate market is going to drop after we get out of this mess. The answer is: it will. It is not a question of if, but when, and how much damage this crisis will do to our economy.
2020 is here and, as with every year, people are preparing for the big push in the spring real estate market. Activity in the first two months has been decent with good buyer demand and still very little inventory.
According to recent surveys, the number one concern San Francisco residents have is the high cost of housing. For the first time, housing beat out previous issues such as homelessness, Muni, potholes and unemployment. But what can we do about it?
The Sunset District single-family median home prices rose for the eighth year in a row with median prices appreciating by 3.4 percent in 2019 and a 124 percent increase since the low of 2011.
The Richmond District single-family home prices rose for the eighth year in a row with median prices appreciating by 5 percent in 2019 and a 122 percent increase from the low of 2011.
As 2019 comes to an end, we have had an amazing year in the real estate market. The question being asked at the end of the year is always: “Where is the real estate market headed?”
My November column has always been about the election and the ballot measures as they relate to real estate. But, if you have looked at your voter pamphlet, you will notice that this year it is actually a manageable size, unlike the “telephone books” we have received in the last few years!
In an attempt to battle the rising rent and the housing crisis, the California legislature passed AB-1482 in September which will put a rent cap on properties statewide and make it harder to evict a tenant after 12 months of occupancy.