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 was a glorious day for paddleboarders on the SF Bay… calm. It will be interesting to see if the real estate market follows that lead. See some demographic facts about Bay Area Counties here.

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Another New Year

Welcome to 2019! Statistical data always takes a while to go from real world to data gathers to data analysts like me. Some November 2018 data is available for housing prices and employment plus full year residential mortgage rates.

It will be very interesting to see what the new year brings. Our past friend – 2018 – was a tale of two halves. Strong first half but it looks like we ran out of gas at year end. The bright spot, employment, broke out of its funk to end on a high note. Will it continue? Will people finally get tired of high Bay Area prices and just say no?


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I’ve added a few new graphs showing home listing/sale and price trends for San Mateo County. Let’s be clear that affordability is an issue here. It’s not a debate. To purchase the average sale price home ($1,777,341 in June 2018), you would need over $500,000 in ready cash and an annual income of around $270,000 just to cover principal, interest, taxes and insurance at a relatively aggressive PITI to income level. Add in a couple of car payments and you can’t afford that average home. New listings seem to be on the upswing… maybe supply will finally catch up with demand.

If the Bay Area employment picture stabilizes or drops a bit, we could see home prices respond to higher interest rates by taking a dip in the coming year.

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Hardly a Tsunami

Here in the San Francisco Bay Area we get tsunamis all the time… fog tsunamis… With all the news about the economy doing so well you’d expect a wave of new employment, but not so fast. June 2018 employment stats are here. Spring and early summer usually see some job growth, but not this year (or last). Total current Bay Area employment of 4,035,500 is 25,500 below the recent peak figure of 4,061,000. The Bay Area labor force is 23,500 below the recent peak figure of 4,186,400. Job growth over the past three months was -16,700 versus -12,300 for the same period last year. The labor force ticked up a bit compared with May. We will have to wait until next month to see if that translates to job growth.

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Photo Challenge: All-Time Favorites

Well… good-bye to photo challenges!

Not my favorite photo, have too many favorites, but a nice pic and a parting thought about time passing by.

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Photo Challenge: Place in the World

An interesting question is keeping me from work this morning. Erica V. asked “…explore what it means to find your place in the world. Where’s your safe space?” I thought about it for a moment and quickly settled on two options: 1. Sitting in front of the TV watching a classic movie or 2. Eating or cooking in the kitchen. Option 3 would be buried in my work where I can get into a trance trying to figure out the value of a property but that’s a very, very boring subject to the vast, vast majority of people on Planet Earth.

The kitchen, any kitchen, is a safe and fun place for me to be. It was the center of the household when growing up. It was a place to hang out and harass my mom, it was a place to do my homework, it was a place to eat great meals… it was also a torture den when it came to my turn to do the dishes. I still love to eat and cook, and I am very comfortable when in the process of creating a healthy meal (or scratch pizza). Besides my photography, cooking is my favorite form of expression. The kitchen is where I feel comfortable and safe.


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Photo Challenge: Unlikely

If you met me at a party you’d figure me to be a color inside the lines kinda guy. Sometimes I go outside the lines to an unlikely place when it comes to taking photos. Here are three recent examples where I was outside the lines on the edge of the earth to snap a photo. Hope you enjoy the work Michelle Weber challenged us to prove the unlikely.

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Photo Challenge: Favorite Place

A favorite place or, for me, a favorite and frequent place. I go for the view. I go for the scenery. I go for the sunset. I go for the restaurants and bars I frequent! Not necessarily in that order… It’s Rockaway Beach in Pacifica, California. If you stop by be sure to check out A Grape in the Fog (winebar), Nicks (restaurant/bar) and Moonraker (restaurant/bar). They also have music! Thanks for the challenge Cheri!

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Photo Challenge: Tour Guide

What do I love about where I live? Good question. I’d drawn to it frequently. I feel better when I’m there even if the weather’s not good. It reminds me of my mis-spent youth at the Jersey Shore. The beaches here are not warm though… all that fog. We have a name for the stretch of land facing the sea between Pacifica and Santa Cruz County. It’s The Coastside. I love the beach, even when it’s just to stop and snap a few photos. When Krista Stevens challenged me to be a tour guide I first thought of driving south on Highway 1 from Pacifica, California. Try it, you’ll love it…

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Photo Challenge: Favorites

I’m looking forward to 2018. I get to go to a wedding… Congrats to my daughter and her fiancé!

Some of my 2017 favorite photos are here.

More from the WP crowd are here.

And my best to you for a Happy, Healthy, Prosperous New Year!

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