Tag Archives: Economics

What Gives?

Posted on November 26, 2013 by JN Real Estate Appraisal & Valuation Services

Between January of 2011 and January of 2013 the Bay Area population increased by 1.9%. So, let’s say population growth is around 1% per year. You would, by inference, expect the labor force to grow by a similar percentage. Over … Continue reading →

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Fall Sunset

Posted on November 18, 2013 by JN Real Estate Appraisal & Valuation Services

While the setting sun painted the Pacific sky into a lovely picture last week the housing prices in the Bay Area were not as rosy. Median home prices squeaked out a small gain in October but sales volume remains low. … Continue reading →

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Without Conviction

Posted on October 23, 2013 by JN Real Estate Appraisal & Valuation Services

Securities brokers like to say price movement without much sales volume is a market moving “without conviction.” We seem to be in that mode in the Bay Area home market right now. Sales volume dropped in September and prices are … Continue reading →

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Wow, Big Drop in Unemployment Rate… But, Oh, Wait…

Posted on September 21, 2013 by JN Real Estate Appraisal & Valuation Services

You really have to start questioning unemployment numbers from the State and the Feds. It’s a weird time. The unemployment rate for the nine-county Bay Area region dropped to 6.6% in August 2013 from 7% in July (See SF Bay … Continue reading →

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Bloom Off the Rose???

Posted on September 18, 2013 by JN Real Estate Appraisal & Valuation Services

The housing market is cyclical. It is not consistent from area to area. Prices go up and sometimes, as we know all too well, they go down. The Bay Area median home price (all homes and condos) dropped in August … Continue reading →

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Plateau? Top? Bottom?

Posted on July 28, 2013 by JN Real Estate Appraisal & Valuation Services

My visual reading of Bay Area employment trends suggests a leveling off of growth. (see See the Bay Area Employment Trends page (at top) for June 2013 data) Is this a plateau before the next leg up or a top … Continue reading →

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SF Bay Housing May 2013

Posted on June 23, 2013 by JN Real Estate Appraisal & Valuation Services

Added a new page with a table and chart I compile on median home prices in the nine county SF Bay Area. Home prices dipped during and after the 2007-2009 recession and the median figure in many counties was pounded … Continue reading →

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