Sean Bian - Compass

01/30/2023

01/15/2023

Southern California home prices fall for a 6th straight month – Orange County Register
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Southern California home prices fell for a sixth-straight month in November, wiping out most of the price gains achieved during the first half of the year. The median price of a Southern California home – or the price at the midpoint of all sales — dropped to $690,000 in November, up a mere $10,...

01/12/2023

Townhouse in a gated community.

01/11/2023

SF real estate market: 8 things to watch for in 2023.
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With most housing and commercial development on hold due to economic forces and San Francisco’s slow pandemic recovery, the focus will be on policy changes needed to get projects rolling again, as well as the rezoning needed to give the city a chance to meet its state-mandated housing goals of pro...

01/04/2023

Rapid interest rate increases continue to depress California home sales and prices in November, C.A.R. reports
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LOS ANGELES, Dec. 16, 2022 /PRNewswire/ -- Housing demand in California continued to fall as rising interest rates further dampened the state's housing market in November as home sales registered the lowest annualized pace since October 2007 and the largest year-over-year sales drop in at least the....

01/02/2023

How much do you need to buy a starter home in San Francisco?

Sean Bian is a real estate agent with Compass. Check out Sean Bian's listings or office listings.

12/31/2022

Falling house prices spook new Southern California homebuyers
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Since there's also thousands — often tens of thousands — of dollars to pay in origination and other fees, even those with some equity left can often not afford to sell or refinance and can become vulnerable to a credit-damaging foreclosure or short sale, particularly if they lose their job or ha...

12/26/2022

Market Predictions for California

12/25/2022

Rent Prices: The 10 Most Unaffordable Cities in America
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One of just two cities in the ranking where you can get by on five figures, the annual cost of living in Emeryville -- home of Pixar Animation Studios -- is $94,147.69, or $7,845.64 per month. Its $114,755.91 annual cost of living breaks down to $9,562.99 per month, making Irvine the last city on th...

12/24/2022

SF housing rents fall near Downtown in step with office glut
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Many neighborhoods where rents have declined the most since the pandemic dovetail with rental markets once dominated by office workers commuting into Downtown, Ted Egan, the city’s chief economist, told the newspaper. That trend suggests the city’s residential market remains stymied by office wo...

12/17/2022

A housing market correction will take a long time and prices need to fall as much as 20% in the next few years to return to their historical trend
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He predicted home prices would need to drop by 15%-20% for the market to return to its long-term growth trend. A housing market correction will take a long time, and prices need to fall as much as 20% over the next few years to return to their historical trend line, according to DataTrek. In a note....

12/13/2022

California Claims 70% of the Priciest Zips in USA
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California Filter California + Bay Area + Apartments | November 23, 2022 California Claims 70% of the Priciest Zips in USA According to PropertyShark In case you needed more proof that California is the most expensive place to buy a home in the United States, a new PropertyShark report of the top 12...