100 Days of Shelter in Place

This is a graph of real estate activity from Santa Clara, Santa Cruz, San Benito and Monterey counties. Though each county has their own particulars, in general the 100 data points since our first days of SIP shows good signs of recovery.

New listings are close to where they we would expect them to be this time of year if it were a "normal" year and sales are catching up as well.

June numbers will be out next week which will be good to compare with last year. Because we are seeing the pending sales increasing this month particularly in the Santa Cruz region, I expect the summer will be more like the usual Spring selling season. Where Summer usually has a little slow down with many people taking vacations and being away on various activities, I am curious to see if this year we'll see something different.

Comments

2023 Real Estate Market Outlook (And What It Means for You)

Last year, one factor drove the real estate market more than any other: rising mortgage rates. In March 2022, the Federal Reserve began a series of interest rate hikes in an effort to pump the brakes on inflation. 1 And while some market sectors have been slow to respond, the housing market has reacted accordingly. Both demand and price appreciation have tapered, as the primary challenge for homebuyers has shifted from availability to affordability. And although this higher-mortgage rate environment has been a painful adjustment for many buyers and sellers, it should ultimately lead to a more stable and balanced real estate market. So, what can we expect in 2023? Will mortgage rates continue to climb? Could home prices come crashing down? While this is one of the more challenging real estate periods to forecast, here’s what several industry experts predict will happen to the U.S. housing market in the coming year. MORTGAGE RATES WILL FLUCTUATE LESS In 2022...

Trends for 2023

So how about the new housing trends in store of 2023? I love reading about the “color of the year”, the latest trend in homes and yards, and how to update your style without breaking the bank. Pantone has declared “Viva Magenta” as the color of 2023. It’s a cross between cranberry and pink although Pantone describes it as a “crimson red tone with a balance between warm and cool” – whatever! It’s a fun color and could be brought in with a throw or pillows or if you are adventurous a couch! In the past few years, we’ve seen the “biophilia” trend explode, and there are no signs that it will be any less popular in 2023. This trend is all about bringing the outside in by adding natural touches throughout your home. Wooden kitchen cabinets and islands will become more common in 2023, with white oak and walnut among the most popular choices. Wood will also appear in bathroom vanities and shelving and furniture throughout the home. Spending more time at home has s...

Stress-Free Home Cleaning: 27 Practical Tactics for Busy Households

Keeping a clean and orderly home is a challenge for many of us. Between busy work schedules, social obligations, and family commitments, it’s tough to keep up with daily chores—let alone larger seasonal tasks. The effort is worthwhile, however. A sanitary environment can keep you and your family healthier by minimizing your exposure to germs and allergens. 1 Plus, researchers have found that organized, uncluttered homes have quantifiable mental health benefits, too, including reduced stress, improved emotional regulation, and increased productivity. 2 The reality is, we enjoy our homes more when they are in good order. It’s much easier to relax without piles of unopened mail or a messy kitchen reminding us of work to be done. And don’t we all feel more inclined to entertain family and friends when our homes are well-kept? That’s why we’ve rounded up our favorite tactics—from overall strategies to little tips and tricks—for keeping things tidy without spending all ...

Keeping It REAL - by Bettsy Tyler

Search This Blog