It looks like 2017 will be a transition year for the U.S. residential real estate market.
Stock Market. I’ll forecast that the stock market continues more or less sideways but ends the year a lot weaker than it starts. Talk of a coming recession increases.
Consumer. Employment and consumer spending continue...
I think so.
San Francisco home prices have gone up an average of 18% a year since 2012!
Using the latest Case-Shiller Home Price Index, San Francisco home prices are up a total of 84% since 2012.
Nominal San Francisco home prices are now higher than they were at...
Current supply is determined by current prices AND expected future prices.
If you ever wondered why the supply of homes for sale in San Francisco is so tight even though San Francisco home prices are so high, this video is for you!
San Francisco: Case-Shiller & Zillow Percentage of Homes Increasing...
You won't see these graphs of Zillow data anywhere else online. They're not even on Zillow.com, even though I get the raw data from Zillow.
"Percent of Homes Increasing in Value" is another way to look at how strong prices are in a city. Theoretically, it can help us peek...
The San Francisco real estate market is changing orbit.
May is part of San Francisco's high season and home prices typically increase strongly. This year the home price index was flat in May and actually fell on an inflation-adjusted basis.
San Francisco Home Price Index
April to May