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I hope everyone is prepared for the Christmas holiday and looking forward to some time off. This will be my last blog of 2022 — what an incredible year! Since this is the last post of the year, I will be sharing some South Bay real estate resolutions that various South Bay residents can consider in their real estate aspirations and conforming loan limit increases for 2023. Updated 2023 Conforming Loan Limits There was a time when conforming loan limits stayed stagnant for years and years. Thankfully, that is a thing of the past with the Federal Housing Finance Agency (FHFA) committed to keeping pace with real estate growth/inflation to help people achieve homeownership. I want
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If you have been reading my blog for the past six years, then you know I like to write my annual “Fearless Predictions” blog every January. I do my best to predict outcomes for the South Bay home market. Sometimes I nail my predictions and other times, I am wildly incorrect! It is easy to stick your neck out and make predictions, it is another thing to review them and see what you got right and wrong. I like being transparent with readers and it is great to learn how perceptions can change in 12 months and/or how to do better research to accurately forecast results in our local markets. Forecasting is impossible to get 100%
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We are right around the corner from saying adios to 2022. It has been an up-and-down year with the first quarter of this year seeing prices scream higher, and then slowly peter out in the second-half thanks to surging interest rates. I have written a post of the best and worst markets for the last two years and one in 2019 covering the entire decade. You can find those posts here if you would like to compare the results. Below you will see the top five best performing submarkets in the South Bay, along with the five worst performing and how each zip code performed over the year. I hope this information on the 33 MLS
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