Bay Area homebuyers are taking advantage of record-low mortgage rates and attractive prices to keep home sales on track to record their best year since 2005. Our monthly look at Bay Area real estate markets puts the numbers in perspective.
Bay Area home sales jumped significantly in the second quarter of 2012, effectively ending any doubts about the strength of the housing recovery here. Our quarterly summary of real estate activity shows home sales up 6 percent from the second quarter of 2011 — the strongest results since 2005. Home prices also rose solidly in the second quarter.
A fascinating debate is raging in our industry about the value proposition and industry role of listing syndicators like Trulia, Zillow, and Realtor.com (hereafter referred to as the TZRs). I want to make sure you are aware of the debate, and I encourage you to respond and voice your opinions, concerns, and recommendations. For the …
Continue reading “Trulia, Zillow, and Realtor.com – Friend or Foe?”
Over the past few weeks I have read two stimulating articles in the New York Times: “Wall Street is Bracing for Dismal 4th Quarter” and “The Dawn of Lower Pay on Wall Street.” The articles describe both the earnings challenges at the largest American investment banks and the demise of cash bonuses for their investment …
Continue reading “Wall Street vs. Apple, Google, Facebook, etc.”
