M A R R / Realty

Happy World Health Day!

There are now 33 cities in the Bay Area that the average home price is $2 million 🤯

If anyone is looking to sell or at least get an estimate. Dm me!

Our housing market has continued to shift in response to inflation and other factors both nationally and statewide.

California Association of Realtors (CAR) 2023 housing forecast predicts a decline in existing single-family home sales of approximately 7% in 2023. For comparison, in 2022, California single-family home sales were 20% lower than 2021 home sales (this is the difference of approximately 80,000 homes statewide).

What does this mean?

For buyers, there is less competition in the market. There will be a normalization in home sales, predicted by CAR. Buyers and sellers alike will adapt to the new market conditions. Well priced homes will continue to sell quickly, as there will also be fewer homes selling above asking price. The market will become more favorable for buyers, where it has over the past few years been fiercely competitive.

👉🏽Even though housing supply is increasing this year, there's still a limited number of existing homes available.

👉🏽This graph helps illustrate this point. Based on the latest weekly data, inventory is up 27.8% compared to the same week last year (shown in blue).

👉🏽But compared to the same week in 2019 (shown in the larger red bar), it's still down by 42.6%. So, what does this mean? Inventory is still historically low.

👉🏽There simply aren't enough homes on the market to cause prices to crash.

Looking to sell or buy? Dm me now!

Friday 👋🏽

Thinking of listing?

Which door mat is your favorite?

Hey 👋🏽

That’s me !

https://www.usatoday.com/story/money/2022/06/15/fed-interest-rates-hike/7631195001/?fbclid=IwAR3HqY8LBpJiiJd83lnNkMmLR5Q606L1D9ItIMTJakjkzPCKWPXf8jP-beo

The Fed aggressively raises its key rate to fight inflation. What's next for interest rates in 2022? The Fed hiked its key interest rate by the most since 1994 to fight inflation. It forecast more big increases that will impact rates for consumers.

As the school year comes to an end. Here are some thoughtful gift ideas for your teachers.

https://www.realsimple.com/holidays-entertaining/gifts/teacher-gifts?fbclid=IwAR24L_F0t1nfrDRoG7SoTgYjpoxqTV6ltj5fxvlAzuJmeOGJheHJh8CnTyg

Officially homeowners for over a year now! Congrats again!