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Blog Archives: January 2013 — December 2013

Home Prices Go Up in San Francisco as Job Growth Increases

May 07, 2013
Phil Chen
We are in the middle of the 2nd quarter of the year and it seems that the pace for home prices is still on the rise. Wall Street Journal has noted that the increasing market prices in San Francisco is capable of being met due to its strong job growth and economic base, and is part of the "hot list"--along with Seattle and Dallas. Similarly, USA Today has indicated that the strongest gainer in home prices is Phoenix (23%), followed by San Francisco (almost 19%), and then by Las Vegas (almost 18%). For these 3 cities, job growth has also ...

Attention to All House-Hunters: Home Bidding Wars are Making a Comeback!

April 16, 2013
Phil Chen
In an article written in CNNMoney section, the real estate economy in the country, specifically in San Francisco and in Southern California, has reached a great amount of interest from house-hunters which has then resulted to an increase in home bidding wars. Many clients are ready to purchase their ideal homes and the competition is tighter now compared to the last 5 years. With limited inventories, prospective buyers offer to purchase houses for more than it's actual worth and they do get SOLD for more that their actual price--which is a ...

Market Trend for 2013

March 25, 2013
Phil Chen
2013 is said to be a promising one for the San Francisco's real estate market as confirmed with Quick Data, and Spring marks the best time to make an investment, wherein the housing market will recover from half of its loss of 2012.   True to this fact is new phenomenon called "Flash sales" wherein homes are sold for its full price--or even more--just within the day after being listed in the market.   With top companies and start-ups surrounding The Peninsula, more and more buyers are in the look-out for their ideal home within the ...

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