“The Old Paradigm Of Low Interest Rates … Is Not Going To Return”

Ken Rosen, the chairman of the Fisher Center For Real Estate, at Berkeley’s Hass School of Business, talked recently about future real estate trends. Two points stood out: 1.) The old paradigm of low interest rates is not going to return in the foreseeable future. 2.) The doubling of debt service costs and cap rates has decreased values and now may be the best opportunity to buy real estate below replacement costs we’ve had since the early 1990’s.

Menlo Park House Prices

Menlo Park house prices

Menlo Park real estate trends show relatively flat house prices after the price drop at the beginning of 2022. The drop in values Dr. Rosen talked about only weakly applies to Menlo Park houses. However, he also brought up replacement costs. The increased financing cost and increased cost of materials has brought the construction of new market rate apartments to a halt in San Jose. Replacement costs have discouraged builders from starting new housing projects. With neither interest rates nor building costs likely to decrease, waiting for change before trying to achieve your housing goals is not likely to be a good plan.

Real estate economist Ken Rosen on YouTube.

Real Estate Trends – House vs. Condo

Perhaps now is a particularly good time for first time home buyers to buy a condo. In our 2021/01/09 webinar & our 2021/01/10 Chinese webinar we pointed out a difference in Silicon Valley real estate trends for houses vs. real estate trends for condos. House...

Juliana Lee Real Estate Team

Many real estate agents say they are part of a team or part of a group. Rarely would one person try to do everything required to regularly sell real estate. The recent Juliana Lee Real Estate Team Video provides a glimpse into why these real estate agents are a team.

California Good Neighbor Fence Act

When deciding to fix or replace a property line fence, you need to understand the California Good Neighbor Fence Act. It makes both neighbors equally responsible for the cost of repairing or replacing a property line fence. A key requirement is that you have to notify...

Menlo Park Real Estate Trends

Menlo Park house price per sq.ft.

The plot of both average and median quarterly Menlo Park house prices will generally alert you to unusually high or low prices by the separation between the average and median prices changing.

Menlo Park house sales price vs. list price

Changes in the Menlo Park real estate market typically create significant changes in the sales price to list price. The list price is set by looking at recent sales prices. The comparison shows how well sales prices follow expectations.