patrick.net

DooDahMan says

The link below was updated on 23 April. You should be able to pull up information for very specific regions/areas in the Tri-Valley area and the rest of California.

https://www.noradarealestate.com/blog/california-housing-market/?source=patrick.net

Watch out for Marco Santarelli of Norada. He’ll throw you to the out of state shysters, I mean turnkey providers, to collect his commissions.

BayArea says

Bank interest rates are up over 2pts in the last 6mo.

Although I haven’t yet seen any indication of price impact, I am seeing more houses actively on the market this week than I’ve seen since the start of the pandemic.

I was driving around Pleasanton today and haven’t seen this many open house signs since the 2007 boom.

The next 3-6mo will be very interesting

Maybe I got mistaken, I thought you shared you already bought and moved into a place over there.

You are correct

I bought in 2020. Im still interested in the market and follow the local trends closely.

BayArea says

Im still interested in the market and follow the local trends closely.

Why? Are you planning to be an investor like E-man?

Because of the following

- I want to be up on the latest and always know where I stand in terms of equity.

- I am continually looking for investment opportunities (rare to find anything that makes sense today of course unless it’s a fixer).

- maybe I find something to upgrade my primary residence? It would really have to make sense in other ways to offset the reset to my property tax base.

Keep in mind we just started the spring selling season. With mid-terms killing covid, the "return to normalcy" is moreso than it's ever been. People are moving around now.

I'm seeing prices get less sticky, and minor cuts on certain properties in certain price brackets.

Those who locked in rates at 3-4% are scrambling to find something, but that will expire soon. Some of the RE blogs I follow said that the interest rate effect should start hitting hard in May.

May might be a hair soon, but not by much. My expectation is June-July.

Reason being is that we are just a couple weeks into 5%+ rates and RE prices will trail rates by about a quarter.

April sales scorching in Pleasanton, pricing still in ramp.

I think this could be it though as the homes that sold this week went pending before rates skyrocketed past 5%.