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Author Archives: JN Real Estate Appraisal & Valuation Services
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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2019 Summertime Blues
Bad news is starting to pile up around the housing and apartment markets in the San Francisco Bay Area. Let’s be real… markets go up and down. This may, however, be a reflection of weakness in the employment market of … Continue reading
Making a Comeback
The year 2019 started off a little rocky on the employment trail. The month of May saw a significant comeback in job growth, but the year ahead remains cloudy. See recent Employment Data here.
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Cloudy with a chance of change?
After a strong year-end burst of job growth, January 2019 started with a big, loud boom. Not a good boom… a drop of 77,900 in Bay Area employment. February 2019 saw some recovery, but the picture is a bit muddy. … Continue reading
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Is It Really That Calm Around the Bay?
Was at a large meeting today with appraisers from all over. Consensus about 2019? There is none. Lots of speculation about the direction of the real estate market in the coming months. We will have to wait and see. Saturday … Continue reading
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JN Real Estate Valuation Services 