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Author Archives: JN Real Estate Appraisal & Valuation Services
Is the Trend Our Friend?
There’s been a lot going on in the local real estate markets over the past year. The commercial market appears to be stabilizing with multi-family showing the best performance after a period of decline. The first chart compares key market … Continue reading
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The Trend is Not Your Friend
July 26, 2024 – The Trend is Not Your Friend June 2024 California labor market information was a couple of days late in coming due to a big glitch with the internet. It put off more bad news for the … Continue reading
Ah, the good old days…
I remember way back when. It was 1981 or so… bought a house in San Francisco. The lender was SO happy that he could give me a 14.75%, 15-year loan! What a deal. Well, I hear lots of noise about … Continue reading
Figment of Imagination
The debate rages about whether we are in a recession, going into a recession, or if it’s just a figment of one’s imagination. The partial list of corporate layoffs that’s included here suggests we’re not rolling in the good times … Continue reading
Posted in Images, SF Bay Area Economic Trends
Tagged bay area real estate, economy, images, layoffs, Pacific Ocean, panorama, Photography, real estate
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Thoughts on the Bay Area economy…
GDP dropped over 31% in the second quarter of 2020 due to the lockdowns throughout the U.S. The economy made a strong rebound late in 2020 and throughout 2021. The Q4 2021 growth rate was 6.9% and the full-year 2021 … Continue reading
The recession is here…
The recession is here (SF Bay Area real estate market)… just a question of how long it will last. Housing prices are falling, transactions are down, commercial markets are softening, transactions are down. Local tech companies are either freezing hiring, … Continue reading
Graphic Real Estate
It’s interesting to look at real estate graphically… I’ve heard from numerous agents that the local single-family residential market has been strongest at the top where cash buyers rule. The lower end of the market is more interest rate sensitive. … Continue reading
Nasdaq Versus Median Home Prices
For many years the word on the street was that local home prices here in San Mateo County, California correlated with the movement of the Nasdaq Composite Index. The stock market measure that is weighted with many of the local … Continue reading
Maybe Those Stories are True
It seems Austin, Texas is a popular place for Californians to relocate. There’s a big Apple project under development there. Recent Bay Area employment data is supportive. Total current (Nov-2019) Bay Area employment of 4,146,900 is 27,400 below the recent … Continue reading
How did December Happen?
Some close to year-end updates in economic data, housing data (CoreLogic stopped publishing its Bay Area median price data, so I will cobble together as best I can) and employment data. Employment data suggests a slowdown in the economic growth … Continue reading
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JN Real Estate Valuation Services 