Just before Christmas I dropped off a bottle of nice Italian wine to my ex-Maserati mechanic, Roberto–he still works on Maseratis, but not mine, because I’m a recovering Maserati owner–and to break the awkward silence Roberto mentioned that the guy who bought my car had brought it by his shop for repair.
Way way back in the day, back in the late 1990s, back before most of you were born the experts predicted that the Internet would remove (“disintermediate”) the real estate agent from the real estate transaction. As in soon. Very soon. Not by 2025, but sooner. Like overnight.
For as long as I’ve been in real estate, the race has gone to the swift. To win these days, it helps to be Usain Bolt running downhill with a tailwind and a jetpack.
If I had a nickel for every time I’ve heard that, from buyers new to this area and from old-time residents, I’d be retired and living on a private island. “Prices never go down in Palo Alto” is part of the Palo Alto mystique.
It’s getting so that every time I see a Top 10 real estate list I reflexively click on the post to see where Silicon Valley ranks. But I’ve learned not to expect to see Silicon Valley on anyone’s Top 10 Most Affordable list.
The luxury housing market around the Bay remains strong as we head toward spring, with sales and prices climbing in most areas. But inventory shortages are starting to have an impact in some communities where listings are even more scarce than they were last year at this time. And that’s saying something.
Does it bum you that while “consumers and real estate professionals have eagerly adopted technology…a technology blind spot is developing”? Or are you cool with that?
In the real estate industry’s ongoing attempt to prove that Millennials are just like Boomers, only younger and better-looking, I bring you this reassuring infographic.