What's New?

* 2024 will register the lowest volume of home sales since 1995, due to the combination of higher interest rates, record high prices, weak inventory in many areas and the lock-in effect of low mortgages: the lock-in effect has "prevented" the sale of an estimated 1.33 million homes. (MarketWatch)

* California existing-home sales in September were down 3.4% compared to August.... yet up 5.1% compared to September, 2023. The statewide median price paid for a home in September was $868,150, down 2.3% from $888,740 in August, and up 2.9% from $843,500 a year ago. The 3.6-month supply of homes for sale compares to a 2.8-month supply in September 2023 a year ago.

* After the 2008-9 Great Recession, construction employment dipped around 30%: between 2011 and in 2020 it increased 40% to 7.6 million.

* Natural gas prices have dropped notably in the past year and may fall even lower. MUCH lower? A bix influx of liquified natural gas supply is coming and it will transform the global market, bringing about wider implications than previous expansions, and likely to lead to a state of oversupply by the end of 2026, which will remain until 2030, with prices possibly moving below double-digits according to RBC Markets. The US and Qatar are the biggest producers. Lots of electricity is generated via natural gas so this could bring down electricity costs too...if the electricty companies pass on savings...IF...anythign that brings down monthly costs for homes could help fuel the housing market. The average home spends around $1,500 per year on electricity, but this varies state to state.

* The worry is that inflation will pick up again, which means the Fed will have to keep rates higher than normal, one reason why longer-term rates, as well as traditional inflation hedges such as gold, have been rising. Note the 10-year drifted up again to 4.22%...A lot of that worry is about government debt, which is set to increase no matter who wins the election. (CNBC)

If you are thinking of a move, give me a call...who you work with matters!

Julie

Featured Properties

PENDING!

1025 Rudgear Road

Walnut Creek, CA 94596

3 Bed | 2 Bath | 1,923 Sq Ft | $1,750,000 | Julie Whitmer

Discover this beautifully updated home featuring a modern kitchen with elegant granite countertops, stainless steel appliances, and a chef’s island—perfect for culinary enthusiasts. Both bathrooms have been stylishly remodeled, showcasing double vanities for added convenience. The primary suite boasts a thoughtfully designed walk-in closet and a lovely view of the serene backyard. Enjoy the warmth of hardwood floors, the grandeur of vaulted ceilings, and the elegance of plantation shutters. Recent enhancements include new light fixtures, fresh paint, and refreshed landscaping, creating a welcoming atmosphere. The private backyard features multiple fruit trees Ipe deck, concrete firepit, built-in BBQ, refrigerator, and a shaded structure creating multiple areas to unwind after a long day or to entertain friends and family. With a spacious 3 car garage, this home is truly move-in ready. Nestled near parks, trails, open spaces, and a community pool, this home offers easy access to freeways and is just a short drive from downtown Walnut Creek and highly rated schools. Don't miss the chance to make this your new home!

462 Prentiss Street

San Francisco, CA 94110

3 Bed | 3.5 Bath | 1,974 Sq Ft | $2,695,000 | Compass Listing

Indulge in contemporary luxury in this rarely available newly built, from the ground up, residence in Bernal Heights. The main level open floor plan invites seamless living and entertaining, with high-end stainless steel Thermador appliances and sleek quartz countertops in the kitchen. Large NanaWall doors connect indoor and outdoor spaces, leading to a tranquil landscaped garden. Natural light floods the interiors, and sweeping views of the East Bay captivate from multiple vantage points within the home. Ascend to the upper levels via a stunning floating wood staircase encased in glass. The residence also offers a flexible garage space, catering to diverse lifestyle needs. Situated near the bustling Cortland shopping corridor, residents enjoy easy access to cafes, restaurants, the Good Life Grocery, and essential amenities. With proximity to the freeway, commuting to other parts of the city and beyond is effortless, ensuring both convenience and connectivity. This impeccably designed home in Bernal Heights represents a rare opportunity to embrace luxurious contemporary living in one of San Francisco's most sought-after neighborhoods.

1040 Novara Street

San Diego, CA 92107

5 Bed | 3 Baths | 3,291 Sq Ft | $3,350,000 | Compass Listing

Welcome to 1040 Novara Street, a stunning luxury residence nestled in the highly desirable neighborhood of Sunset Cliffs. This exceptional home boasts 4 bedrooms, an office, and an exercise room, offering a versatile layout that accommodates a variety of lifestyles. Step inside and be captivated by the expansive 3,291 square feet of living space, where modern elegance meets unparalleled functionality. Enjoy panoramic sit-down ocean views from the living room, creating a serene and picturesque backdrop for daily living. Cook, gather, and entertain in the gourmet kitchen, featuring a large island with a "prep" sink, a top-of-the-line Dacor range, wine fridge, and a spacious walk-in pantry featuring a dutch door. The primary suite is a private sanctuary, offering impressive ocean views that can also be enjoyed from the balcony. Enjoy the large private enclosed deck which creates the ultimate space to dine al fresco and entertain. The newly landscaped front, back, and side yards include new irrigation, artificial grass, lighting, a Sonos sound system, fencing, making outdoor living an absolute pleasure.