Whitelaw and Sons Real Estate Morgan Hill
Whitelaw and Sons Real Estate Morgan Hill

Coffee & Real Estate – November 2021

by Dec 1, 2021Coffee & Real Estate Live Events0 comments

Written by Robert Whitelaw, Realtor®/Broker/Owner

Born and raised in Silicon Valley, Robert has helped clients successfully buy, sell and invest in real estate from Palo Alto to Gilroy and Los Gatos - and beyond! Robert rates his success on providing the highest level of value to his clients.

December 1, 2021

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!

2022 Economics That Could Hit Real Estate

2022 Economics That Could Hit Real Estate

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

Unemployment: The Real Numbers

Unemployment: The Real Numbers

I should have known better. Last week, I shared with you the latest unemployment numbers – and I took them at face value. Which is where I made my mistake! Of course, if I listen to my own advice from previous podcasts where we looked at unemployment, I would have realized there was likely more to the story than what they are sharing in the headlines. Of course, there is. In fact, the actual data implies the opposite of what the talking heads are suggesting.

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