2015 San Francisco Bay Area Real Estate Predictions

A look at 2014 and 2015 predictionsFirst off, what a year in real estate we had in the San Francisco Bay Area in 2014! A few of the highlights were; the continued decline in homes to purchase; the growing of off-market home sales; mortgage interest rates remained at record lows in spite of the Feds ending their purchase of mortgage backed securities; the continued appreciation of home values; the continued lack of new home construction which impacted the lower number of homes to sell. And, given all of these factors the value of the total of homes sold still exceeded 2013 totals! Job growth is the key indicator for any healthy real estate market. Continue reading

San Francisco Bay Area Real Estate: 2014 Market Update

San Francisco Bay Area real estateWe are through the first six months of Bay Area home sales and are able to look back on what has actually happened compared to what was predicted. We have had an 18 month run of a “hyper seller’s market” that began on January 1, 2013 and has now changed as of June 30, 2014. There is much to review, so here is a summary of a variety of topics from the first six months and a projection of what is to come in the next few years regarding Bay Area real estate. Continue reading