Are you seriously thinking about selling your house to a robot? Recently, I was reading through Inman, a real estate publication, when an article caught my attention. Today, I wanted to touch on that topic and share it with you. The article was listed under the technology section. It’s titled, “Huge number of homeowners willing to consider an iBuyer: Poll.” So what is this article all about? Let’s unpack and talk about the iBuyer program, how it might affect our local real estate market, as well as the national conversation.
“That’s it. It’s over. From today onwards, there will be no more single-family houses allowed in California.” Well, that’s not exactly true. There was Senate Bill 9, specifically, signed by Gavin Newsom just a couple of days ago. And this bill severely changed the distinction between what you can and can’t do on a single-family zone lot here in California. So, today, we will talk about Senate Bills 8, 9, and 10 that Gavin Newsom recently signed into law. We will also talk about what it means for our market broadly in California and also here locally. So let’s get into this thing.
Lumber supplies trending back up, existing inventory finally starting to tick back up, people getting excited again with the good news– are we finally going to see a flattening market?
In this video, I have some good anecdotes that I want to share with you. I also have a couple of thoughts, ideas, and some data, of course, to get you going into September. Hopefully, these will all be able to help you finish out the year strong with whatever you’re doing real estate wise.
Is it time to panic yet? Where are we going? There’s a lot of talk and many headlines, both locally and nationally, around housing correction. When people hear “housing correction,” they immediately think of 2008. This one will be quite different for different reasons, and in different quantities, and that sort of thing. Nonetheless, a correction is very much possible and entirely on the horizon. But, there’s also more to it than that. Inflation, Supply Chain, Affordability, Interest Rates, and Construction—let’s talk about all these and dig right into it.
An unprecedented seller’s market, super low inventory, prices are all-time highs, equity spreads are huge right now, and interest rates are at historic lows, or at least have been darn close if they’re not already.
If you’re anything like me, your head’s probably spinning. Maybe you’re trying to figure out which way is up and where to go. There is so much information out there that it is just confusing. So today, I wanted to bring forward some content about how we got here to help sort out those things.
Due diligence. Boring, right? Wrong!
Today, I want to share some tips, tricks, and a bit of a checklist for you to do due diligence on your real estate transaction here in the Bay Area. For a fact, I can tell you that it is very different here than in every other market. It is because we transact as is, and I will get into that and what that means.