Here are a sampling of some real estate articles that might be of use for buyers and sellers of real estate.
We are definitely seeing the market change. The market is more balanced between buyers and sellers.
Buyers are getting their offers accepted and even being able to negotiate with sellers. If you have been sitting on the sidelines as a buyer, now is a good time to get in the market.
Bay Area Home Buyers on the Sidelines?
Why Does Housing Cost so much?
The San Francisco Business Times seeks to address why housing prices are so high in California.
California leads the nation in many categories from population to venture capital funding. Add lack of housing supply to the list.
The Golden State is under supplied by 3.4 million homes to meet its current housing needs, according to a report on housing underproduction from Up for Growth California, a nonprofit research and advocacy group. The national shortfall is 7.3 million homes, which means California makes up about half of that total.
Why housing costs so much in California and why it may only get worse
Read More… at SF Business Times.
Long Commutes Affect Quality of Life
The Particular Horror of Long Commutes for Young Families from NYTimes.com
More Supply in Bay Area Housing?
While I am not sure that supply is actually catching up to demand. There has been a lot of new construction around the Bay Area.
After years of recording lagging supply, the Bay Area is possibly beginning to catch up. San Jose had the biggest increase in new listings of the 45 major US metropolitan areas included in a September 2018 realtor.com report. San Francisco also ranks among the five housing markets with the largest September supply gains, with 1,683 current listings.
Bay Area Housing Finally Posts Gains from GlobeSt.com
Read More … at GlobeSt.com
Having a knowledgeable and experienced real estate broker on your side helps protect your interests and ensure you make the best possible decisions. We are dedicated to keeping on top of the real estate market and keeping you informed of changes. You can rest easily knowing you made a well-informed decision based on experience and insight into the Concord California market.
To reach Peter Maclennan please call 925.385.8798 or email at peter@maclennaninvestments.com.
Peter is a real estate broker serving Central Contra Costa County. He and his family live in the Dana Estates Neighborhood.
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