Sign up to download the quarterly

Plus get access to our weekly real estate blog
Subscribe to our blog
Receive our blog posts directly in your inbox.
* = required field

Thank you!

We'll email you our quarterly South Bay Real Estate Report.

Back by popular demand… One. Last. Time. The August South Bay real estate numbers are here. Why only once more? Because year-over-year monthly data is getting less and less valuable. The market shock from the pandemic shut down and swift rebound has thrown off seasonal monthly trends. This year’s spring was the new winter, while summer might be the new spring. And well, if we’re being honest…fall might continue to feel like spring too. After this monthly data post, I am going to focus solely on quarterly data as the smallest aggregate and then try to come up with ways to tell a more accurate story with even bigger data. With market shock and seasonal trends
Read More

If you are not an income property owner or a renter, then you might want to skip this week’s blog as I go through some of the new rules from the state’s newly enacted COVID-19 Tenant Relief Act of 2020. That said, I still believe it is a beneficial read for those interested in broadening their knowledge on California housing laws and new rules. First and foremost, this is a confusing time for all business owners and customers alike to comply with new laws surrounding the Coronavirus pandemic. It is no different for landlords, tenants, and even now, some casual property owners (and renters) that may not know they are affected. There are tenants struggling due
Read More

This past May, I wrote a blog post discussing updates made to the local multiple listing service (MLS) rules due to the National Association of Realtors (NAR) policy changes. For a refresher, you can find the May blog post here. The policy is what is known as “Clear Cooperation,” which NAR mandates all Realtors to post their properties to the MLS within one day of marketing their listings. According to NAR, they believe that the MLS is the most open, accurate, and equitable place to market homes for sale…and, it is. But, in a nutshell, their real goal was to eliminate off-market listings, or at least limit them, for the good of agents and home buyers
Read More

The July South Bay real estate numbers are here. As we recover from the shock of the shut-down of our local economy, and continue to stay open, the monthly data will get less valuable. Quarterly data will aggregate bigger data that is more dependable in the short-term, along with helping to see if longer term trends are intact. I may do just one more monthly report and then plan to stick with quarterly data since month-to-month data does not tell the whole real estate story as the natural real estate cycle gets thrown off and we try to go back to a normal market. For reference, I have included past blog posts that cover the monthly
Read More

I cannot believe it is already August. What a crazy and strange year it has been. The real estate market continues its strong recovery, driven by low interest rates, buyers’ heightened desire for their own space, and better than expected economic data. Unemployment positively surprised this morning and the rate now sits at 10.6% without work. That is not a great number and it is still higher than the worst part of the Great Recession, but it is a far better number than 14.7% unemployment rate our economy experienced in April. Remember, we went from 4.4% to 14.7% in just one month. That is unprecedented and scary. Thankfully, there has been improvement each month to help
Read More

Interest rates are a big topic. And, they are more important than ever for our real estate markets. Since I am on vacation this week, although real estate never sleeps, my mind has been more focused on general topics like interest rates rather than local market action. It has been almost a year since I have discussed interest rates on the blog, and it deserves far more coverage. This week, I plan to get a head start with some “vacation thoughts” on rates and follow-up with more information down the road. Past Blogs First and foremost, I think it is especially useful to look at some past blog posts I have written on interest rates. It
Read More

This week, I wanted to have a little fun. After one of the ugliest beginnings to a quarter on record, the South Bay home market proved to be remarkably resilient throughout the “pandemic” second quarter. If you missed the blog with quarter two real estate numbers last week, you can find them here. I thought some readers might find it interesting (and fun) to see the highest sale and the lowest sale in our local marketplaces for some perspective during an unprecedented quarter. But first, let me share some data reported by the California Association of Realtors (C.A.R.) with statewide numbers for June. C.A.R. June Sales and Price Report Existing family home sales jumped an incredible
Read More

More data means more context during these unprecedented times. Last week I covered the month of June numbers. Now, we can take the completion of the second quarter and use bigger chunks of data to compare. With perhaps some of the worst economic news since the Great Recession, if not the Great Depression, the 2020 second quarter occurred in an extremely challenging time for our country’s health and marketplaces. Armed with a three-month tranche of data during COVID-19, I am going to use data from quarter two of 2020 to compare against quarter two of 2019 to help give even further insight into the home market beyond monthly moves. This is year-over-year information represents “bad times”
Read More

June South Bay real estate home numbers are in. With every new month, the data feels like it is even more critical as we all try to navigate volatile markets and unprecedented times in our country. Not only are we at the end of the month, but we are at the end of the second quarter. For the blog this week, I will just be covering the June numbers. Later this month, I will have a breakdown of the second quarter and a larger tranche of data as well. For reference, I have included past blog posts covering data for April and May. You can find the April numbers here and the May numbers here. The
Read More

The month of June continues its rapid recovery for our local South Bay housing market. It is truly a stunning 180 degree turn from April and May, which had some of the ugliest data one can see in terms of listings, pending sales, and closed sales. This buyer desire for a home, personal space, and a backyard amidst the pandemic are very real. All-time low interest rates, confidence in markets, and worries of the Coronavirus subsiding are all contributing to a pendulum swinging back to a bullish home market. I love the real numbers and we cannot wait to share the June numbers later next week when we close out the quarter. A Live Series Starts
Read More