Market Trends & Stats The Shocking News in the Unemployment Report Last Friday, the U.S. Bureau of Labor Statistics released their May Employment Situation Summary. Leading up to the release, most experts predicted the unemployment rate would jump up to approximately 20% from the 14.7% rate announced last month. The experts were shocked. The Wall Street Journal put it this way: “The May U.S. jobless rate fell to 13.3% and employers added 2.5 […]
Market Trends & Stats Real Estate Will Lead the Economic Recovery With more U.S. states reopening for business this summer, and as people start to return to work, we can expect the economy to begin improving. Most expert forecasts indicate this economic recovery will start to happen in the second half of this year. As we get back to work and the financial landscape of the country […]
Market Trends & Stats Is a Recession Here? Yes. Does that Mean a Housing Crash? No. On Monday, the National Bureau of Economic Research (NBER) announced that the U.S. economy is officially in a recession. This did not come as a surprise to many, as the Bureau defines a recession this way: “A recession is a significant decline in economic activity spread across the economy, normally visible in production, employment, and other indicators. A recession begins when […]
Buyer Tips & Strategy Experts Predict Economic Recovery Should Begin in the Second Half of the Year One of the biggest questions we all seem to be asking these days is: When are we going to start to see an economic recovery? As the country begins to slowly reopen, moving forward in strategic phases, business activity will help bring our nation back to life. Many economists indicate a recovery should begin to happen in the […]
Buyer Tips & Strategy Interest Rates Hover Near Historic All-Time Lows [INFOGRAPHIC] Some Highlights Mortgage interest rates have dropped considerably this spring and are hovering at a historically low level. Locking in at a low rate today could save you thousands of dollars over the lifetime of your home loan. Let’s connect to determine the best way to position yourself for a move in today’s market.
Buyer Tips & Strategy Buying or Selling a Home? You Need an Expert Kind of Guide In a normal housing market, whether you’re buying or selling a home, you need an experienced guide to help you navigate through the process. You need someone you can turn to who will tell you how to price your home correctly right from the start. You need someone who can help you determine what to […]
Buyer Tips & Strategy Why This Summer Is the 2020 Real Estate Season With stay-at-home orders starting to gradually lift throughout parts of the country, data indicates homebuyers are jumping back into the market. After many families put their plans on hold due to the COVID-19 pandemic, what we once called the busy spring real estate season is shifting into the summer. In 2020, summer is the new spring for real estate. […]
Buyer Tips & Strategy Economists Forecast Recovery to Begin in the Second Half of 2020 With the U.S. economy on everyone’s minds right now, questions about the country’s financial outlook continue to come up daily. The one that seems to keep rising to the top is: when will the economy begin to recover? While no one knows exactly how a rebound will play out, expert economists around the country are becoming more aligned […]
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Commercial California Issues Guidelines for More Pandemic-Related Retail Openings Rules Also Cover Manufacturing, Logistics and Other ‘Low Risk’ Locations Serving Stores California Gov. Gavin Newsom announced guidelines allowing low-risk retail and industrial facilities to reopen starting Friday. (Gage Skidmore/Flickr) By Lou Hirsh CoStar News May 7, 2020 | 05:47 P.M. California officials issued second-stage guidelines intended to put more retail, logistics and manufacturing companies on […]
Commercial Office Sublease Availability in San Francisco Jumps By 1 Million Square Feet in 2020 CoStar Insight: Further Rise Expected as Tech Firms Slash Payrolls By Jesse Gundersheim CoStar Analytics May 7, 2020 | 02:20 P.M. If you’re currently looking for office space in San Francisco, there’s a good probability that you’ll be considering a sublease option. Roughly 30% of the available space in the market is listed for sublease from […]
Commercial Coronavirus Reveals the Weak Links in Global Supply Chains CoStar Insight: Why China Stands to Lose and US Stands to Benefit in the Wake of COVID-19 Most manufacturing is expected to reshore to other parts of Asia post-pandemic, a factor that will help keep steady port traffic in West Coast markets such as Los Angeles, Seattle and Oakland. (iStock) By Brooks Staley CoStar Advisory Services […]
Commercial Plunge in Bay Area Leasing Activity Highlights Challenges Moving Forward CoStar Insight: Weekly Figures Showcases Coronavirus’ Effect on Retail Sector By Marco Cugia CoStar Analytics May 6, 2020 | 01:13 P.M. The unprecedented drop seen in new leasing activity around the San Francisco Bay Area is hardly surprising given the limitation on the population under the current shelter-in-place order, which went into effect on March 17 […]
Commercial Retail Loan-To-Value Levels On Steadier Footing Heading Into Economic Downturn CoStar Insight: Retail Properties Facing Major Headwinds, But Debt Levels Are Lower Than Just Before Financial Crisis Retail investors and lenders have been far more conservative in recent years compared to the years leading into the Great Recession. (CoStar) By Marco Cugia CoStar Analytics May 5, 2020 | 02:56 P.M. Retail properties are expected to have […]
Commercial California Moves to Let Next Wave of Retailers Reopen in Pandemic Governor: Clothing, Sporting Goods, Flower Stores to Sell Items Starting Friday Gov. Gavin Newsom said counties in California are being given more leeway to decide the pace of business openings based on local circumstances, provided they file contingency plans with the state. (Getty Images) By Lou Hirsh CoStar News May 4, 2020 | 03:51 P.M. Gov. […]
Buyer Tips & Strategy Rise to the Top of the Pool by Selling Your House Today With the release of the latest Economic Pulse Flash Survey from the National Association of Realtors (NAR), results show that people selling their houses today are holding strong on price. According to the most recent data, 74% of real estate agents noted that sellers are not dropping listing prices to attract more buyers. Lawrence Yun, Chief Economist at NAR, noted:  “The housing market […]
Buyer Tips & Strategy Buying a Home Right Now: Easy? No. Smart? Yes. Through all the volatility in the economy right now, some have put their search for a home on hold, yet others have not. According to ShowingTime, the real estate industry’s leading showing management technology provider, buyers have started to reappear over the last several weeks. In the latest report, they revealed: “The March ShowingTime Showing Index® recorded […]
Buyer Tips & Strategy Why the Housing Market Is a Powerful Economic Driver With businesses starting to slowly open back up again in some parts of the country, it’s important to understand how housing can have a major impact on the recovery of the U.S. economy. As we’ve mentioned before, buying a home is a driving financial force in this process. Today, many analysts believe one of the first things […]
Buyer Tips & Strategy How to Test-Drive a Neighborhood While Sheltering in Place [INFOGRAPHIC] Some Highlights Staying at home doesn’t mean your search for a new place needs to come to a standstill. Check out these tips on how to explore other neighborhoods virtually in the homebuying process. You may find a spot that better suits your needs without ever leaving your living room! Let’s connect today so you have help […]
Buyer Tips & Strategy U.S. Homeownership Rate Rises to Highest Point in 8 Years For nearly two months, most of us have been following strict stay-at-home orders from our state and local governments. It is a whole new way of life that has put our daily lives on pause. On the other hand, many of us have also found a sense of comfort by slowing down and spending time […]
Market Trends & Stats What You Can Do to Get Your House Ready to Sell Some Highlights: Believe it or not, there are lots of things you can do to prep your house for a sale without even going to the store. Your real estate plans don’t have to be completely on hold even while we’ve hit the pause button on other parts of daily life. Tackling small projects from […]