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Blog Archives: May 2016

April Market Activity Update

May 30, 2016
The housing market is being predictable, and that's a good thing. At the beginning of the year, it was anticipated that the prevailing trends of the past year would continue into and through 2016, and that has largely been the case. The number of homes for sale has generally remained lower compared to a year ago, and prices have been steadily rising in desirable communities where homes show well. New Listings were down 2.4 percent for single family homes and 10.2 percent for Condo/TIC/Coop properties. Pending Sales decreased 8.0 percent for ...

A “Little” Good News for Frustrated Bay Area Homebuyers

May 18, 2016
The San Francisco Bay Area is still home to arguably the hottest housing market in the country, but there may be a little relief in sight for frustrated homebuyers. Inventory of homes for sale are gradually creeping up in many communities, according to recent news reports confirmed by some of our local managers. And although prices are still climbing, the increases aren’t as high as they have been in the past couple of years in many areas. Moreover, the fevered bidding wars finally seem to be slowing down – except for the top homes at the ...

Inside the Newly Transformed SFMOMA

May 09, 2016
Modern art fans rejoice! After three years of shutting its doors with a promise to return even bigger and better, the internationally recognized San Francisco Museum of Modern Art, which serves as the epicenter of all things art, photography and film, will officially unveil its newly expanded collection and location on Saturday, May 14. The museum is offering free admission on opening day. The catch? All visitors must have a ticket via the museum’s online reservation system, which is currently sold out. But rest assured, even if you don’t ...

Noted Housing Analyst Robert Shiller Says Market Not in a Bubble

May 04, 2016
Nobel Prize–winning economist Robert Shiller, co-creator of the S&P/Case Shiller Index, says home values in 20 major U.S. cities across the country are still climbing as a tight supply helps push prices higher. But in an interview with Yahoo Finance, Shiller dismissed talk that the U.S. housing market is approaching “bubble” territory. The S&P/Case-Shiller 20-City Composite Index rose 5.7% in January year-over-year, following a 5.6% annual gain in December. Eleven cities saw year-over-year prices climb at a faster rate in January than in ...

New Report Shows Mixed Picture for Bay Area Housing Market

May 02, 2016
A new report by CoreLogic, the real estate information firm, painted a mixed picture of the Bay Area’s housing market last month. On one hand, home sales rose sharply in March from February, but, on the other hand, sales dipped from a year ago for only the second year-over-year decline in the past 12 months. And although the median sale price rose both on a monthly and yearly basis, March saw the smallest annual price gain in four years. A total of 6,754 new and resale houses and condos sold in the nine county Bay Area region in March, up ...