Michelle Yelen Real Estate

Michelle Yelen Real Estate Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Michelle Yelen Real Estate, Estate agent, 1400 Van Ness Avenue, San Francisco, CA.

09/08/2022

Across the Bay Area, year-over-year, home-price appreciation rates and overbidding statistics have generally continued to drop, and days-on-market to climb.

09/07/2022

In early August, we mentioned agents reporting that buyer activity – renewed interest in getting back into the market, visits to open houses, and so on – was picking up due to a number of issues: Price reductions, less competition, the drop in interest rates, and the dramatic recovery in stock m...

08/11/2022

Changes vary in degree by location and market segment, but the direction of the shifts is near universal. This report will review year-over-year changes in prices, and in supply and demand, reflecting the significant adjustments from the heated (often overheated) conditions recently the norm, but al...

08/10/2022

Across the Bay Area, markets have continued to slow and cool. As illustrated in this report, dramatic changes in demand, inventory, overbidding, price reductions, and year-over-year appreciation rates have usually occurred.

07/12/2022

Eventually statistics based n closed sales – prices, appreciation rates, overbidding, days on market – slowly start to adjust. Generally speaking, closed sales are lagging indicators of what occurred in the economy and market weeks and months earlier.

07/11/2022

Leaning into market headwinds, year-over-year appreciation rate falls. The impacts of this year’s severe economic headwinds – soaring inflation and interest rates, stock market declines, fears of recession – on Bay Area real estate markets are speeding up.

06/09/2022

When an overheated market cools, the change is typically gradual (absent a disaster event), and does not mean the market is weak by any normal standard. As an analogy, if traffic is going 120 miles per hour and drops to 80, it feels a lot slower, but cannot reasonably be described as slow.

06/08/2022

Sales are declining, and the numbers of active listing and price reductions are increasing. But the homes that are selling are still, on average, selling for well over asking: Median sales prices and year-over-year appreciation rates remain high.

05/10/2022

Declining interest rates stimulate demand: In recent years, large rate declines subsidized much of the surge in home prices. Escalating interest rates initially fueled demand in early 2022 as buyers rushed to avoid further rises, but at a certain point, big increases, especially if coupled with peak...

05/10/2022

In April 2022, the Bay Area continued to see appreciation, overbidding and days-on-market reflecting extremely intense demand. But sales are a lagging indicator reflecting offers accepted 3-6 weeks earlier, April sales mostly reflect buyers who locked in mortgage rates before the big late-March/Apri...

04/12/2022

The market remained heated (probably overheated) in Q1, as our review of home-price appreciation, and supply and demand indicators will illustrate.

04/08/2022

Soaring interest rates & housing costs; continuing strong demand, low inventory of house listings and high market velocity. Sales were robust in Q1 for all property types, but the supply of house listings in particular was very low.

Address

1400 Van Ness Avenue
San Francisco, CA
94109

Telephone

+14159025453

Website

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