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Market Update
July 2024 – Real Estate Market Update

July 2024 – Real Estate Market Update

What a rollercoaster the past month has been! A catastrophic debate, an attempted assassination, a vice-presidential pick, a campaign resignation and more. We've also seen quarterly earnings reports from a couple of big tech companies that have had a bearish impact on...

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June 2024 – Real Estate Market Update

June 2024 – Real Estate Market Update

Welcome to my June 2024 real estate market update! Following early year optimism that inflation had been tamed, the Fed signaled 3 interest rate cuts throughout 2024 in their March Summary of Economic Projections (SEP). Unfortunately, data subsequently released...

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2024 Mid-Year Real Estate Market Update

2024 Mid-Year Real Estate Market Update

Last December, when the Federal Reserve projected a series of benchmark rate cuts in the coming year, some analysts speculated that mortgage rates—which had recently peaked near 8%—would fall closer to 6% by mid-2024. Unfortunately, persistent inflation has delayed...

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May 2024 – Real Estate Market Update

May 2024 – Real Estate Market Update

This spring has been quite interesting from a Bay Area real estate perspective. We've seen a healthy increase in homes for sale after a couple of years of very tight inventory. However, even with pent-up buyer demand, comparatively high interest rates have meant many...

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April 2024 – Real Estate Market Update

April 2024 – Real Estate Market Update

My April 2024 real estate market update comes with some surprising uncertainty. Early in the year it looked like we were on track for a soft economic landing after nearly 2 years of Fed rate increases. The Fed was forecasting 3 rate cuts throughout 2024 and both the...

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March 2024 – Real Estate Market Update

March 2024 – Real Estate Market Update

Welcome to my March 2024 Real Estate Market Update. The Federal Reserve board held their open market meeting this week to discuss possible interest rate modifications and chose to keep rates unchanged for the time being. However, they also maintained their forecast...

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February 2024 – Real Estate Market Update

February 2024 – Real Estate Market Update

Welcome to my February 2024 Real Estate Market Update. The consumer and producer price index reports were released last week and both came in hotter than expected. In addition, the January jobs report also showed growth above expectations. While these data could be...

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January 2024 – Real Estate Market Update

January 2024 – Real Estate Market Update

The turn of the calendar has brought renewed optimism to financial markets and I personally have seen a meaningful increase in activity in the Berkeley real estate market. We've all been waiting for signs that interest rates will decline, unlocking new property...

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