↓5.2% projected decline in Bay Area home values between April 2025 and April 2026 according to Zillow.
Gradual market correction is expected rather than a sudden crash.
Over the past decade, the Bay Area’s millionaire population ↑ 98%.
The Bay Area is now home to 82 billionaires, leading global wealth hubs.
California homeowners are facing challenges with homeowners insurance due to risks associated with knob-and-tube wiring, an outdated electrical system prevalent in older homes. Insurers view this wiring as a liability, leading to higher premiums or policy cancellations. While some homeowners argue that K&T is safe, insurance companies maintain it poses a fire risk. Homeowners are advised to inspect their wiring, consider upgrades, and shop around for coverage to avoid potential issues. Taking proactive steps can help mitigate risks and ensure insurance coverage.
This day honors the brave men and women who have sacrificed their lives to defend America's freedom.It became an official federal holiday in 1971.
Americans observe Memorial Day by visiting cemeteries and memorials.
Active listings ↑ 67.9% yearly
New listings ↑ 32.8% yearly
February saw a significant increase in home inventory, the highest since before the pandemic, with a 52% year-over-year rise. This has kept price growth modest, with the median price of a single-family home in the Bay Area slightly declining to $1.25 million. Despite the increased inventory, buyer demand remains cautious due to a weak stock market and high interest rates, impacting sales, especially for condos. Many buyers are still motivated, but challenges persist, particularly for first-time buyers facing high mortgage rates.
Spring typically boosts Real Estate, but 2025 sees hesitant buyers delaying offers despite listings.
A renovated San Francisco condo received interest but no offers, reflecting widespread buyer caution.
Mother's Day is a celebration honoring the mother of the family or individual, as well as motherhood, maternal bonds, and the influence of mothers in society.
The origins of commemorating motherhood dates back to the Ancient Greeks, where in spring festival, they celebrated the goddess Rhea, considered the Mother of the Gods.
Anna Jarvis’s lobbying of President Woodrow Wilson resulted in Mother’s Day becoming an official American holiday in 1914.
Many other countries around the world also celebrate Mother's Day, including Canada, with festivities, dinners, pampering and gifts.