The market remained steady throughout the year with mortgage interest rates rising from the 4 to 5 percent range by the end of the year. Even though this is still low by historic standards, it is the highest it has been the last seven years and it has impacted the market.
When my November Voter Pamphlet arrived in the mail I marveled at how thin it was this time around. There are only five ballot measures for San Francisco voters to decide and 11 for the state.
As I talk to people and clients every day in San Francisco, I have discovered one of the reasons why the home inventory is so low – it is because property owners do not feel like they can move. If they were to buy something else, their mortgage payments and property taxes would go up, depending on what they buy.
“Now that people are back from their vacations and the weather is getting better, homeowners will be putting their properties on the market. With buyers circling, we should be seeing a strong fall market.”
When a real estate agent represents a buyer, he or she brings a wealth of knowledge and experience to the process and increases the chance of a successful search and purchase.
I examined the single-family home markets in the Richmond and Sunset districts because these two markets generally track very closely together and compared them against the data in San Francisco as a whole.
Affects of new tax law by John M. Lee As I finished my tax returns on April 15, I spoke to my CPA about the changes that the Tax Cuts and Jobs Act tax reform measure […]
Recently, housing activists starting using the term “ethnic cleansing” to describe what is going on in the San Francisco real estate market!
If you are preparing a home for sale, have you ever wondered why some homes sell at
higher prices than others? The answer lies in pricing and emotional appeal.
I was at a statewide real estate conference in January and all of the talk was about the
lack of inventory.
Single-family home prices in the Richmond District rose for the sixth year in a row, with
median prices appreciating by 2.8 percent in 2017, a 100 percent increase from the
market low in 2011.
My prediction for 2018 is that we will have a decent real estate market but not as strong
as the last five years. It will continue to be a seller’s market with a shortage of good
inventory and a leveling out in prices.
Insights into the real estate markets in San Francisco’s Richmond and Sunset districts.
This month, property
taxes is the recurring issue that has been weighing heavily on people’s minds.
These are laws that have been passed but most people do not know about
them because they are not well publicized and only apply in certain situations. But, if
you fall into one of these categories, you can save yourself a lot of money!