60 is the new 40, and August is the new September: the start of real estate’s second buying season.
A paucity of hikers on Russian Ridge, and a plethora of empty parking spaces at Stanford Shopping Center, suggest that many buyers are on vacation. But they’ll be back soon.
All the markets this newsletter covers were hotter last month than they were a year ago.
Another month of “to infinity, and beyond”.
The parking lots are full, and the freeways have turned into parking lots. Feels like another Silicon Valley boom.
Rising job creation and stock market wealth: I’ve seen two real estate downturns, and this doesn’t feel like one.
The big news around here is that top-end and midrange properties are selling for essentially what they were selling for a year ago.