Will YIMBY Create Increased Condo Demand?

A recent look at YIMBY vs NIMBY said that a person's attitude about high-density housing was strongly affected by how urban centers were widely viewed when that person was about 18. Boomers were about 18 years old at a time when urban centers had numerous problems reported. When other generations were 18, urban life was viewed as having more activities, parties, and nightlife. Other generations were 18 when suburbs were claimed to be resource-wasteful and caused excessive ecological damage.

Currently Sunnyvale house prices are growing faster than Sunnyvale condo prices. This could be due to a different proportion of renters vs owners for condos vs. houses. It could be due to houses typically being larger than condos.

It should be noted that increased mortgage interest rates have increased the cost of buying a condo. Flat prices do not mean demand is falling.

Will the attitudes of new generations drive the demand for condos and thus their prices up? More discussion is posted at https://julianalee.com/blog/nimby-yimby-condo-demand/

Will YIMBY Create Increased Condo Demand?

A recent look at YIMBY vs NIMBY said that a person's attitude about high-density housing was strongly affected by how urban centers were widely viewed when that person was about 18. Boomers were about 18 years old at a time when urban centers had numerous...

Price Appreciation vs DOM

Although home buyers and home sellers should know days on market in order to make decisions, DOM is not a good way to predict house price appreciation. House price appreciation in Sunnyvale has differed significantly from that in Daly City. Days On Market has been low...

GPM – Graduated Payment Mortgage

Many home buyers have heard about adjustable-rate mortgages (ARMs). They typically have the advantage of lower mortgage payments than fixed-rate mortgages. This enables the home buyer to get a larger mortgage and buy a more expensive home. An ARM comes with the risk...

Airbnb & Vacation Rental Real Estate

Short-term rental income, such as is typical from Airbnb & Vacation rental real estate, is typically higher per day than from conventional long-term home leases. For many investors, the opportunity short-term rental provides for using depreciation losses to reduce...

Why Make A Preemptive Offer To Buy?

Unfortunately many first time home buyers believe that if a house is offered for sale with a specified offer date, they have to make their offer on that date, or perhaps later if it isn't sold. There are no laws that prevent home sellers from accepting a purchase...

Multiple Counter Offer

In Silicon Valley, multiple offers to purchase a home are often received within a short time period. A seller cannot respond to multiple offers by sending a simple counteroffer to each potential buyer. The seller needs to make a "multiple counter offer". The seller...

Juliana Lee Real Estate Team

Many real estate agents say they are part of a team or part of a group. Rarely would one person try to do everything required to regularly sell real estate. The recent Juliana Lee Real Estate Team Video provides a glimpse into why these real estate agents are a team.

East Palo Alto Real Estate Trends

East Palo Alto house price per sq.ft.

The plot of both average and median quarterly East Palo Alto house prices will generally alert you to unusually high or low prices by the separation between the average and median prices changing.

East Palo Alto house sales price vs. list price

Changes in the East Palo Alto real estate market typically create significant changes in the sales price to list price. The list price is set by looking at recent sales prices. The comparison shows how well sales prices follow expectations.