Introduction and Color Change Announcement
I'm officially going to change this year's color from mocha mousse to poop mochi brown.
Real Estate Trends to Watch in 2025
The first thing I want to talk about is The real estate trends to watch in 2025. my real estate muse is real estate appraiser, Ryan Lundquist in, Sacramento. I follow him diligently because he gives me great ideas and thoughts.
He, Has a blog, linked to my blog as well as everything else. He's a great guy to watch because you get to see what's going on, not just in our myopic view of Silicon Valley, what's going on in the Sacramento area, but also California and the complete U S and he has a different aspect.
So it's always good for me to keep an eye on what else is going on out there. He just posted a blog called Real Estate Trends to Watch in 2025. We talked about this before we predicted crashes. I've been predicting a crash since 2018 when the market plateaued a little bit and then started going up again.
What's going to happen?
Sellers and Buyers Market Dynamics
Sellers will continue to thaw out, meaning we're going to have more sellers put their houses on the market. It's absolutely happening right now. March, April, and May are the timeframes you want to sell here. What if there are buyers all year long, and there are home sales. I have six or seven houses up on the chopping block right now that I'm massaging on my way out to another inspection today.
Sellers are being active because they know that while this might not be my forever home, I can probably. Get it by with, the 7%, 6. 5 percent rate, but I need to move because I had another child. I need to empty the nest. Whatever things are going to happen. It happens. Houses will always be on the market and there will always be buyers.
New Construction and Buyer Demand
New construction will be done again this year. Absolutely true. There's a lot of pros and cons to new construction. I've had multiple videos about that. Buyer demand will thaw out. Again, we're not seeing rates go down much this year. If they do at all, it might go down a quarter or a half percent over the next 12 months, which isn't much, but you can also buy the rate down and make it more affordable for you. And if you have a house that you negotiate with, you can ask the seller to help you out with that. Sales volume has increased over the last year. Nowhere near normal. That's the median line right about here, and that's just the Sacramento region.
Buyers are taking their time buying the right house for them. They can get into a contract. They know they can pull out. They can get another house. They're not in the firestorm of 2020, or 2021, they know that they can take their time.
So if they're going to ask for something, they know that's a do-or-die. Proposition. We have an offer on our house in Hollister and we're not accepting it because the buyer's being very demanding and we're just trying to see what's happening in the market. We also knew that we put the house on the market right before the holidays.
Now that the holidays are thawing out, we're seeing if we're going to have any more interest. there we go.
There Z and Changing Color Trends
Gen Z is rising. There's going to be more younger people buying houses. My obsession with gray is dead. Thank god. I never really liked the whole gray look it was boring to me I can tell you that color of the year.
Come on, look, it looks like the poop emoji.
The first ever shade of brown chosen as pantowas ne's color of the year I don't want to sdidn'tlot of brown houses when I bought my house It was brown It was Gross and brown. So I painted it beige, I'm still not happy with it.
I'm going to paint it grayish or maybe green. I'm definitely not going brown. Insurance will continue to be a problem. Fire areas are almost unaffordable. I see houses popping up in the fire area all the time. It's obvious why they're selling.
They're like, I'm not going to pay 4, 000 a year for insurance. That's part of what's going on. California needs to figure this out. Maybe we'll see what happens in the next couple of years, but not this year. I think you're going to see rates continue to go up. I just saw my car insurance rates for this next year.
They're crazy. I don't know.
Market Crash Predictions and Advice
No price crash in 2025. Again, this is an opinion. We don't know if the market's going to crash or not. If the market does crash, what we saw in 2018 was 18 percent across the United States. 18%. That's it.
That's 180, 000 off of a million dollars. So don't expect to be affordable e. I've been talking to buyers for the last four five, six, 10 years. And they're like, I'm waiting for the market to crash. It's not a good thing because if the market does crash, then more buyers will enter the market.
There's more competition and the prices will stabilize And you're going to be a forever renter. The best time to buy is when the market is in transition. And right now we're in transition.
Regional Price Changes and Micro Economies
So this is Sacramento's price change, Sacramento. Sacramento saw a big push. We're seeing the same things in the 12 Bay Area counties. Not all states will be the same. We're in micro-economies here. Santa Clara County is much different than San Mateo Hollis San Benito and Santa Cruz. If you choose an area, make sure you understand the pluses and minuses of every area.
Sponsored Segment: Home Inspection Checklist
I'd say take a few minutes and read this You can get the link to this blog in the description below This segment of the episode is brought to you by the Home Inspection Checklist. If you haven't dropped it down yet, download it, take a look at and it.
It's great. Spring's coming, a great time to start your honey-do list and get moving on that.
Bank Owned Property of the Week
This is Bank Owned Property of the Week. This is in Antioch, not my listing. This is 789, 000 for a five-bedroom, 3,300-square-foot house built in 1998. there's a problem with the bank owning you as the buyer is now required to kick out the old owner.
Banks aren't going to do that for you. They're just goThey'retransfer the property. You're buying it sight unseen. If you buy it, great. If not, somebody else will buy it and take care of it. how many days oHowarket? 45 days on the market. You might be able to negotiate a little bit.
There are a few different tactics that we use to make sure you get a good buy. But this overall five bedrooms, 3, 300 square feet. That's unheard of. If you don't mind driving a little bit, let's go take a look.
Apple Home of the Week
This is Apple's Home of the Week home near Apple. This is Richie Way 1.4 million for a two-bedroom, two-and-a-half bath townhouse. 1400 square feet. So if you don't mind being attached you have a 365-a-month HOA fee. On top of the very high price of 1. 4 million for a townhouse for two bedrooms. That's a decent buy and the reason why I picked it is because it is close to the Apple campus So you can walk to work.
Mountain View Home of the Week
Maybe bunk beds are in your future mountain view home of the week and the reason why I picked it is it's not super perfectly close to Downtown, which is right here Castro Street, but this is a nice newer house. It's three bedrooms, two and a half bath, 1, 400 square feet built in 1998. And it is detached.
Is there an HOA? Yep. There's an HOA, 189. It doesn't make sense to me, but it is what it is.
There you go. Mountain view home of the week and 40 days on the market.
Current Market Status and Advice for Sellers
We have 86, which is far lower than what we saw. In December or over the last year and 90 days on the market. We're at 48 and in the Bay area are 65 and in all of California, 202 right now sounds.
They have 243, 234 homes for sale in San Jose. We need to be at about a thousand. There is pent-up demand. The ent-up has waned because of the holidays, but they're coming back. So if you're thinking about selling. This is a time to get your house on the market. Make sure it looks nice because buyers are sensitive, price it and it'll sell fast.
21 cent pending, 47 closed from the last month, and then Santa Clara County, we only have 500 homes for sale. We need to be at about 2, 000. So again, it's the winter months. People are chilling out. They're getting back to school, back to work. They just had two weeks off, working, but not really. I'm off to my appointment. Wish me luck. I'm Vito with Abitano. We'll see you out there.
If you are moving ANYWHERE in the world - Let me know! I know a LOT of AMAZING Agents!
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