There are times when it seems that all the real estate market does is go from boom to bust and back again and while there is some truth in that, an examination of the facts shows that overall the trend is always upwards. The chart on this page depicts home values from 1984 to 2017 and you can see the overall trend is extremely positive. Certainly, prices have rarely increased steadily for long periods of time but when they have fallen, there has always been a good reason. From 1984 to 1990 … [Read more...] about Bay Area Real Estate Is A Great Long Term Investment
There are times when I think it is important to spread the word regarding any likelihood of significant changes in our real estate market and I sense that now may be the time to do just that. Barring any significant economic events, real estate in California historically tends to run in 6-8 year cycles. That is 6-8 years of rising prices followed by another 6-8 years of a mixture of plateauing and reducing prices, before the rising price cycle starts again. What makes this particularly … [Read more...] about Are San Ramon Valley Home Prices Nearing A Peak?
Danville and San Ramon buyers and sellers may be surprised to realize that the issues here are not just local ones. Amazing to say, home sellers across the country had an average of 2 to 3 offers on their homes in 2017. According to Realtor.com’s Housing Shortage Report, the United States is experiencing the worst inventory shortage in 20 years. It’s no secret that the historically low inventory has created a nationwide seller’s market. And since there’s such a demand for homes, sellers are … [Read more...] about Multiple Offers On Homes Nationwide Became The Norm in 2017