Ever since I wrote about the mortgage interest rates going up from 3% to 4.5% a couple of months ago and how that translates to the amount of real estate a buyer can purchase, I have been getting many questions on how that looks now that the interest rate is around 6.5 to 7%.
This November, we will have a plethora of ballot measures to go through both on the state and local level. We are already bombarded with ads for online gambling, abortion rights, affordable housing and candidates running for offices. I will stick to my expertise and cover the real estate related measures in this column and comment on others that can have an effect on real estate.
As a student of real estate my entire life, 2022 holds special interest for me as this prolonged real estate cycle is changing. Normally in September I write about what we can expect in our fall real estate market because it marks the start of our second selling season of the year in San Francisco.
With more than 5,000 real estate agents selling properties in San Francisco, how do you go about choosing an agent to service your real estate needs?
As I write this column, the first half of 2022 is just about over. Each year has its own challenges, and this year we have been dealing with higher inflation, rising interest rates, declining stock market and the seemingly never-ending battle with COVID-19.
In the practice of real estate, conflicts and negotiation between buyers and sellers are commonplace. But what happens when an agreement cannot be reached and neither side is willing to compromise? Then we have to go to the next step beyond negotiations and go to third parties to resolve the conflicts.
As most of the readers of my column know by now, I tend to write on what is the most relevant real estate topic at the moment. I get my ideas from the people I talk with every day. If certain questions come up often, then that becomes the column of the month.
The spring selling season is upon us. The first quarter of 2022 flew by so quickly and might or might not give us an early indication of what the real estate market will be like for the rest of the year!
2022 is here and like in any other year, people are preparing for the big push in the spring real estate market. It seems like the COVID effect is behind us, and this year will turn out to be a normal real estate market.
With so many issues facing our City at the moment, the housing crisis is not getting as much attention as it used to.
The Richmond District’s single-family median home prices rose 20.2% in 2021, with about the same number of properties selling as the previous year.
As 2021 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?”
Do you ever wonder where all the commission money goes in a real estate transaction? With prices so high in our area, it is a significant amount of money.
As a student of real estate my entire life, this COVID-19-induced market has taught me much and introduced different concepts and principles into the market which we might never see again in our lifetime. Normally in September I write about what we can expect in our fall real estate market because it marks the start of our second selling season of the year in San Francisco.
With our single-family home market so hot, many people are purchasing condos or TIC’s (tenancy in common) as their first home. If you are thinking about buying one, carefully investigate the Homeowner Association, finances, management, and current or potential litigation before proceeding.