Happy Fourth of July. Enjoy the red, white and blue of it all. Aside from the truckloads of watermelons for sale, the block parties, and the return of the festive Piedmont Fourth of July parade, we've clearly moved into the summer market as witnessed by the slower turn-around and longer marketing periods for many of our listings - perfectly good homes that would have flown off the market just a few short months ago.
This new reality is followed by more sobering news of "improved" or "transparent pricing," (aka price reductions) as Agents and Sellers come to terms with what's amounted to a reset of value (and for many Buyers, a pause in their hunt). Even so, values are still well above where they were prior to January 2020; a correction that probably shouldn't have surprised any of us (it was long overdue) but did so just the same.
This week, I'm quite literally lifting (borrowing - with permission) much of the Perspective's copy from COMPASS' own master blogger, Leonard Steinberg. A daily writer and a superstar Real Estate Agent in the BIG Apple, Leonard is always full of good advice and information. This week was no exception and in a market that's transitioning rapidly, INFORMATION is currency.
Since many of the calls Sarah and I have taken recently have revolved around fear of the unknown, I thought this particular column was especially timely. Plus, Leonard is always a good read. Enjoy.
DID YOU KNOW?
Is this current housing re-balancing going to be the same as the 2007-10 housing crash?
That's VERY unlikely!
"I'm glad I'm working from home today," my beautiful niece emailed, "I've got a GINORMOUS zit!" (Remember those?)
Sadly, I do. In fact, there's something inherently wrong with having to suffer through both acne and grey hair at the same time, but there you have it. Here's where masks come in handy. Aside from undoubtedly keeping us safer during the pandemic, the great "cover-up" wasn't entirely ALL bad. Double chins, age spots, and the occasional pimple all but disappeared, hidden by a swatch of multi-colored fabric.
Happy PRIDE month. Throughout the Bay Area, joyful, festive, rowdy, and loving celebrations are taking place that honor the LGBTQIA community, and rightfully so. There's probably nowhere else on earth where diversity is celebrated as wholeheartedly as it is right here. To quote Bob Dylan: "The times, they are a-changing."
But until recently, that wasn't the case (denial and secrecy ruled the day). Anyone who's ever worked with me knows I'm not a fan of either.
"I Think We Did Everything We WEREN'T Supposed To"
"My wife and I have received no offers on our house," the anxious Seller said on the telephone, "I think we did everything we WEREN'T supposed to."
Julie Gardner, has been writing The Perspective for 18 years and has published more than 670 essays on life and real estate.