Real Estate Market Blog: January 2016

 

Insights on the real estate market trends on the Mid-Peninsula: Portola Valley, Woodside, Atherton, Menlo Park, Palo Alto, Los Altos and Los Altos Hills.

January 2016 Real Estate Update

January 15, 2016
Ginny Kavanaugh
Overall, the Northern California’s housing market enjoyed a good year in 2015, although a shortage of homes on the market posed a challenge for many homebuyers. Double-digit price increases from a year ago were common in many communities, along with multiple offers on some homes, while the limited inventory helped keep a lid on home sales. As 2016 begins, many industry experts believe we’re heading towards a more balanced market, one in which inventory will gradually increase and sales will climb at a moderate rate. If the forecast holds ...

Garage Door Art

January 15, 2016
Ginny Kavanaugh
Thought I would share this just for fun. What would you paint on your garage door?

Inman News: The days of bedroom, bath and price are dead

January 11, 2016
Another good article from Inman News, this time from Bernice Ross. The original article is here. New tools that evaluate lifestyle, affordability and commute time are about to make finding the right home for your buyers much easier. There are apps that can help clients assess commute times as well as routes and traffic conditions. HomeJunction.com has evolved into a robust application to provide information such as demographics, education, schools and more to agents and brokers. Move over realtor.com, Zillow and Trulia — and take ...

Inman News: Meet your new broker: the machine learning algorithm

January 07, 2016
Very interesting article from Morgan Brown, Staff Writer at Inman News that I wanted to share. Original article is here. Machine learning algorithms will shape our decisions and behaviors in important ways, from working leads, to making offers, to writing contracts, to deciding when and how you work as real estate agents. Uber's algorithms behind the supply-side management actively work to spur more drivers to the road when demand is high, and there are no people involved in the process. Algorithms in CRMs and lead routing software c ...