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This article is pretty light on data, and mainly relies on the latest experience from a couple of real estate agents. Sometimes “word on the street” is the bes
by geebee 6y ago
This article is pretty light on data, and mainly relies on the latest experience from a couple of real estate agents.
Sometimes “word on the street” is the best you can get. But for now I’d say the headline is clickbait “mad rush”, a very extreme conclusion given the scarcity of data.
Another micro data point - I’m not a real estate agent but I do watch local sales. I live south of 280 near the excelsior, not a fashionable address in SF to be sure. Everything is selling fairly quickly, inventory is low, and this is true of houses listed during the covid closure. However the effects may still be delayed and wouldn’t reflect the real estate effects of recent demonstrations and riots.
- thedudeabides5 6y agoAgreed, would love to see some real data. Anyone have the latest Zillow?
- harmmonica 6y agoFound this interesting and it made me question my not-so-scientific tracking of the LA market, which is not exhibiting the same behavior as SF (may just be behind SF, but right now it's the opposite in LA. http://socketsite.com/archives/2020/06/inventory-levels-in-san-francisco-nearing-another-milestone.html http://socketsite.com/archives/2020/06/inventory-levels-in-s... https://www.dailybreeze.com/2020/06/07/coronavirus-rebound-socal-housing-jump-up-from-worst-april/ https://www.dailybreeze.com/2020/06/07/coronavirus-rebound-s...
- gamblor956 6y agoUnlike SF, LA as a whole is not obscenely over-priced. There are still many nice parts of LA that are relatively affordable for dual-income households (and single-income households, if you adjust your expectations). Also, it's not really an apples-to-apples comparison. While LA's population is more than 50% larger than the SF Bay Area's population, LA is geographically much larger so there's more space to build housing.