The City – San Francisco remains most overpriced region in California. Bay Area home values down 41 percent from May 2006 peak. 10 years to get to the peak 1996 to 2006. 10 years to bottom out 2006 to 2016.
People seem to think that simply having a good tech industry and a trendy scene warrants an entire region with many millions of people bidding on extremely old properties for whatever a bank will lend them. I don’t say this with enthusiasm or any kind of bravado but the Bay Area has the most overpriced [...]
California Inventory Jumps from 3.8 Months to 5.8 Months in January – Total California Housing Inventory 154,000 Homes. How Many Homes are in Mortgage Limbo and Don’t Show up in These Stats? If we take Distress Data About 793,000 Homes.
Rarely do we ever see an actual total inventory report for California because this would require a count of each county in the entire state. I try to track all this data in a spreadsheet since obviously the most important item we have in measuring California real estate is the actual quantity of homes we [...]
California Housing Inventory Mystery: 206,000 Homes on MLS but is the Real Inventory 412,000 or closer to 618,000?
It is probably one of the least desirable tasks to undertake but if we are to understand the California housing market we need to look at the entire state current inventory level. Now having access to the MLS gives us a general sense of the overall number of homes on the market but it does [...]