Recent news of interest to homebuyers, home sellers, and the home-curious includes a trend that finds many first-time buyers unable to get a foot in the door in the Bay Area’s pricey, competitive housing market. Also, another report finds that things are getting even tougher for middle-class homebuyers in the Bay Area and California.
The frantic run-up in Bay Area home prices is expected to settle down in the coming months as a result of three factors seen in real estate markets nearby and nationwide: rising mortgage rates, expanding inventory, and declining investor demand.
Recent news of interest to homebuyers, home sellers, and the home-curious includes a report that rental rates have stalled after investors bought millions of homes and converted them into rental properties. Also, the tight supply of available homes is holding back sales nationwide.
Researchers at Trulia sorted millions of property listings to find the most-used words and phrases. They ranked them according to most- and least-expensive homes, with a sidelong glance at regional differences. The results are curious, to say the least. (Hint: If you live in San Francisco and a Whole Foods grocery store is nearby, you’re golden.)
Businessweek recently published an article that asked why companies like Zillow, Trulia, and Redfin haven’t killed off real estate brokers. We don’t think it’s a tough question at all. Here’s a look at why consumers continue to value the expertise of real estate professionals — and why it can’t be matched in the virtual world.
Online researchers say March is the busiest month for homebuyers in California. That means sellers — and homebuyers, too — need to be ready for the busy season ahead.
San Francisco is home to the second-healthiest housing market in the United States, according to a recent analysis, a distinction that bodes well for homebuyers and sellers all over the Bay Area.
Recent news of interest to homebuyers, home sellers, and the home-curious includes a report showing that markdowns in home prices are becoming rare, especially in Oakland. Also, a warning about a suspect real estate website and news of rebounding home construction.