Skeoch Group Real Estate

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Is the value of your property lower than what it’s assessed for?

When the Covid pandemic hit, there was a lot of uncertainty in the world, especially with the real estate market. We quickly saw home prices began to skyrocket as interest rates fell. Over the next couple years many b...
Posted by: Skeoch Group
Categories: Economic Updates, Real Estate Strategies

The East Bay Story, June 2023

Quick Take: Higher Inventory, Higher Prices Price appreciation has been substantial across most of the East Bay this year, to say the least. Single-family home prices rose 20% in Alameda and 17% in Contra Costa, while...
Posted by: Skeoch Group
Categories: East Bay Story, Market Updates

The East Bay Story, May 2023

The Big Story The Fed hints at pausing rate hikes Quick Take: Recession isn’t the right word. So what are we in? While we can say that we aren’t in a recession, it remains difficult to name the exact state of our econ...
Posted by: Skeoch Group
Categories: East Bay Story, Economic Updates, Market Updates

Spring 2023

We have about a month left of the spring real estate market so let’s take a look at how things have been so far… Buyer demand is up pushing the average days on market down and allowing many sellers to obta...
Posted by: Skeoch Group
Categories: East Bay Story, Uncategorized

East Bay Story (cont.)

Quick Take: Rising Demand still Outpaces Rising Supply Every year, by at least March, we expect to see inventory rise after a high number of new listings come to market, which easily accommodate the increase in sales ...
Posted by: Skeoch Group
Categories: Uncategorized

The East Bay Story – April, 2023

Quick Take: Bank Failures and Rate Hikes Tighter credit, at least in the short term Look, we’ve all been there. You’re running a prominent regional bank that holds an outsized amount of uninsured deposits, which...
Posted by: Skeoch Group
Categories: Uncategorized

The East Bay Story, March 2023

Quick Take ·  Home prices rose month over month, signaling that low inventory and seasonality are still affecting pricing despite higher mortgage rates. ·  Active listings in the East Bay rose slig...
Posted by: Skeoch Group
Categories: East Bay Story

Multifamily Housing Starts

Interesting analysis of national housing construction starts from Lawrence Yun at the National Association of Realtors. He foresees stabilizing rents leading to lower inflation and even lowered mortgage rates. Give it...
Posted by: Skeoch Group
Categories: Economic Updates