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Economic Insights

Golden Gate Bridge view of San Francisco

Will San Francisco’s technology sector lead the housing market recovery?

The AI industry is flourishing, resulting in an expected real estate demand increase. However, Housing prices in San Francisco are still unaffordable. It remains unclear whether the housing market will improve in a big way, despite VeroFORECAST predicting a 3.6% drop in housing prices over the next 12 months in the city.

Will San Francisco’s technology sector lead the housing market recovery? Read More »

View of house in spring

What to expect in the upcoming spring housing market

The housing market situation is fundamentally different from that during the great recession of 2008. One of the key reasons why house prices have not declined significantly is because of the very low inventory of homes available for sale. There were fewer than one million existing homes available for sale in January 2023 compared to over 3 million in any month during 2007-2008.

What to expect in the upcoming spring housing market Read More »

Image of Low Housing Supply

The reasons for the stubbornly low housing supply

The housing market situation is fundamentally different from that during the great recession of 2008. One of the key reasons why house prices have not declined significantly is because of the very low inventory of homes available for sale. There were fewer than one million existing homes available for sale in January 2023 compared to over 3 million in any month during 2007-2008.

The reasons for the stubbornly low housing supply Read More »

View of 2008 vs. 2023

Top reasons why the expected decline in the housing market in 2023 is not the same as the crash of 2008

Housing market forecasts for 2023 have varied predictions, with some expecting gains of around 5% to others expecting a deterioration of over 5%. What is clear is that the era of low mortgage rates, buying frenzy, and double-digit price growths is over.

Top reasons why the expected decline in the housing market in 2023 is not the same as the crash of 2008 Read More »

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