June 2015 newsletter

The market is cooling at the edges: the top end (in this area, over a zillion), and in challenged locations (on a busy street, for example). We’re getting into the summer slowdown, but we’re not slow. It’s an opportunity for buyers, or at least those who can stay focused on real estate during these lazy days of summer.

question man

Where are the first-time buyers?

The share of first-time buyers fell to its lowest point in nearly three decades, according to a survey released by the National Association of REALTORS. Of course, the “national” in National Association says that this is a national, not Silicon Valley, survey, and Silicon Valley often differs from the national market. But the story made me think back over who I’ve been working with recently.