Enjoy a replay of the Coffee & Real Estate Live Chat for November 2021
What did we discuss this month?
The Latest Market Numbers
As we do every month, we discussed and compared this months real estate numbers to previous months and to the same time last year. This helps us get a better perspective on where we are and where the market might be going. We identify trends and look for explanations that might help all of us make better real estate decisions in our own lives.
Interesting Dynamics Between In Person Chat And the New Virtual Live Chat
The goal of the live chat is to cover info to benefit everyone. It is great to have folks reach out to me after the show, but would be even more effective if those questions could be brought up during the show so everyone can benefit!
The Pacific Legal Foundation And Real Estate “Love Letters”.
Some great news in terms of a legal case being brought related to some states trying to make real estate “love letters” illegal. For more info, check out my recent podcast on this topic.
Discussing My Recent 2021 Home Buyer Interview
A couple I helped purchase a home earlier in 2021 were kind enough to consent to allow me to interview them. That interview was published in my podcast and can be found here.
Our Usual Review Of The Latest Market Data
Each month, we review that last months worth of data. This month saw dramatic decreases in inventory compared to the same time last year – which appeared to be supported primarily by very low new listings.
Rent For Single Family Homes Surges 10% In September
While we did see this surge nationally, our local markets in Santa Clara County saw even greater increases.
Credit Scores Reach All Time High
While this one seems like it should be good news, in the live chat we discuss what might be explaining it. It is not all good news.
Fannie Mae & Freddie Mac Raise Loan Limits to Almost $1 Million
While this could make sense in many markets, we need to all recall that this puts the taxpayer at greater risk if or when there are defaults on these loans since they are backed by the government. Could this set the stage for the next big real estate focused financial crisis?
Home Starts Stall In October
Supply issues and labor shortages have hit the home builders hard.
Record Number Of Housing Units Under Construction
The highest number of housing units since 1974 are currently under construction. We take a deeper look at this stat to realize that this is actually bad news.
Housing Starts Decreased to 1.520 Million In October
Despite other news regarding record numbers of homes being built, starts are down.
Of course, when live viewers ask questions, we explore them and try to come to some thought out conclusions that everyone can benefit from! Make sure to join me on the third Saturday of each month at 10AM for Coffee & Real Estate Live!
Check Out The Last Show!
In this weeks show we are looking at a few different bits of economic news that could push our real estate market one way or another. Not a lot of certainty in todays show, but I will offer what I think are prudent actions for buyers, sellers and investors to prepare for the possible eventualities