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Bay area recent home sales, demographics and jobs


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2018 Oct 24, 12:12pm   3,029 views  10 comments

by Hircus   ➕follow (1)   💰tip   ignore  

I'm looking for some data that will give me insight into recent (past ~5-10yrs or so) home buyers in the bay area. I want to find out more about their demographics, and what industries they work in.

Anecdotal evidence from my own life, looking at my own neighborhood, and that of some of my friends, indicates a surge in homes being bought by tech workers, and soo many of them appear to be Asian or Indian. It's not surprising, but I'd love to see some data on it. Especially if it allowed comparison to recent history, like 10-20 years ago.

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1   Hircus   2018 Oct 24, 12:50pm  

This pdf had some relevant info: https://web.archive.org/web/20171112203449/https://www.car.org/3550/pdf/econpdfs/Understanding_Today's_Home_Buyer_Webinar_(PUBLIC).pdf
3   Hircus   2018 Oct 24, 6:01pm  

Thanks, lots of good stuff indeed.

I'm still finding it difficult to find much demographic+employment data specifically on recent home buyers in the bay. There's lots of demographic data (likely due to us census reports), but it usually refers to the residents of a city/county, not the home buyers.
4   Strategist   2018 Oct 24, 6:11pm  

Hircus says
Thanks, lots of good stuff indeed.

I'm still finding it difficult to find much demographic+employment data specifically on recent home buyers in the bay. There's lots of demographic data (likely due to us census reports), but it usually refers to the residents of a city/county, not the home buyers.


So you want to know who the recent buyers are, their occupation and incomes. Basically, who are the ones that can still afford to buy a home in the BA. Is that right?
That might take a lot of digging for information. A lot of home buyers are foreigners and investors. Many are trading up with equity the already have. Many have stock market wealth, which allows them to buy more with less income.
5   B.A.C.A.H.   2018 Oct 24, 6:47pm  

Strategist, I saw that RealtorĀ® report you linked to.

Thank you for sharing.

Very Hip and Cool, all the data at her fingertips for all the Smarty Pants.

Saw lots like that in 2007.
6   Strategist   2018 Oct 24, 7:10pm  

B.A.C.A.H. says
Strategist, I saw that RealtorĀ® report you linked to.

Thank you for sharing.

Very Hip and Cool, all the data at her fingertips for all the Smarty Pants.

Saw lots like that in 2007.


So you are claiming the data is fake and encourages people to buy when a housing crash is imminent?
My guess.......you were expecting a housing crash in 2010. LOL.
7   Hircus   2018 Oct 24, 7:33pm  

Strategist says


So you want to know who the recent buyers are, their occupation and incomes. Basically, who are the ones that can still afford to buy a home in the BA. Is that right?


Yup.

I was hoping to find this info already crunched and made into pretty charts with commentary and insights...but the data appears elusive.

If I get motivated (unlikely) I might try to compute a delta between the 2010 and 2016 us census data, which gives data by zip code, and even neighborhood I think. That will tell me the racial makeup change of that 6 yr period, which kinda shows you home buyers, but the effect of home sellers leaving will also get mixed in. It's not a great way to go though - because, for example, a white person selling to another white person wont show up with this computation method. It also mixes in changes from renters...which now that I think about it, will probably drown out the signal too much to make this method useful.

I could do the same to try to determine employment data.
8   Strategist   2018 Oct 24, 7:46pm  

Hircus says
Strategist says


So you want to know who the recent buyers are, their occupation and incomes. Basically, who are the ones that can still afford to buy a home in the BA. Is that right?


Yup.

I was hoping to find this info already crunched and made into pretty charts with commentary and insights...but the data appears elusive.


I think it would be an interesting research. You might have to start with raw data which is a major undertaking, more suitable for university graduate students. You could also infer conclusions by putting together the right available data.
If you find something, let us know.
9   B.A.C.A.H.   2018 Oct 24, 9:38pm  

That's funny, Strategist.

Yes I was down on housing in 2006.

But in 2009 and again in 2011 I tried to persuade some colleagues to buy a home here in SJ, it was an opportunity to lock in a favorable Prop-13 assessment, and do it with relatively low borrowing rates (which got even lower in subsequent years which would have been refinancing opportunities). Both of them immigrated to here from other parts of the US and just could not get over the sticker shock. Now they're renting at the whims of their landlords.
10   Evan F.   2018 Oct 25, 1:03am  

B.A.C.A.H. says
Both of them immigrated to here from other parts of the US

Lol immigration traditionally refers to moving from another country. Of course, there are probably a lot of people who consider California a different country from the rest of the US.

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