June 2014 newsletter.

Open houses aren’t as crowded as they were a month ago. You can find a parking space in downtown Palo Alto. My Facebook real estate page seems permanently stuck at twelve likes. Is this the end of Silicon Valley real estate? Or the beginning of summer vacation?

World profits

Silicon Valley’s most-volatile real estate markets?

Over the past few weeks we’ve looked at what I’ve called Silicon Valley “home price volatility” from 1994-2013 and 2000-2013.  But I realize that what we’ve been looking at can be better described as “historical downside risk”:  combined home price depreciation during the last two real estate busts.  Volatility isn’t just depreciation–it also includes the “good” volatility, appreciation.  But…

Plate of Red Chili Peppers

Homebuyers! Buy now or wait?

“My husband and I have been house hunting for a few months in the PA/MP area. The market has gotten VERY HOT this year and we are starting to wonder if the bubble is back…this time encouraged by zero inventory, a handful of IPOs and a great deal of foreign investors worried about the stability of the economy in their home country. Seems like a great time to sell but would you advise waiting for a market correction to buy? Thanks!”