Welcome to the June Newsletter! Across the U.S. we are still seeing rising interest rates, high inflation and an ever-changing marketplace. As forecasted, the market has begun to cool as interest rates rise and demand begins to slow down. Here's some of the latest: |
Existing-home sales fell for the third straight month to an adjusted rate of 5.61 million. (NAR) The median existing-home sales price increased at a slower YoY pace of 14.8% to $391,200. (NAR) U.S. mortgage rates ticked up to 5.2% for a 30-year fixed loan in May. (Freddie Mac) The median cost of a new single-family home rose to $450,600 in April, up ~20% YoY. (NAHB)
Now let's see what that means for the Bay Area. |
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San Francisco's supply of active listings has slowly been increasing as listings that receive offers has declined from a peak seen last year in 2021. San Mateo roughly follows similar trends as appreciation rates have decreased from a peak of 25% in January to ~11%. Oakland-Berkeley area on the other hand have a supply of around 5 weeks, as the number of new listings are down ~2% compared to last year. |
Tri-Valley's number of new listings are up at 5% as listings accepting offers are down a staggering 26% compared to last May; indicating that the market is indeed cooling as demand slows. Santa Clara follows similar trends, as number of new listings is up 3% and active listings are up by 20%. Diablo Valley's number of new listings are actually down ~8% as listings accepting offers are also down 33%. |
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Now, here are some fun events around the bay! |
June 12 - June 18th | 12pm - 7pm For over 40 years, the Juneteenth in the Park Festival has been a pillar of San Jose and Silicon Valley. The Festival celebrates June 19th (Juneteenth), the oldest celebration of the end of slavery in the country, dating back to its abolition in 1865. |
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Chabot Telescope Viewings June 17 - June 18th | 7:30pm - 10:30pm
Take a visit to the Chabot Space & Science Center for a free telescope viewing (weather permitting). Chabot features a 241-seat full dome planetarium, interactive and hands-on exhibits, space artifacts, and more! |
J une 22 - August 24 | 6pm - 8pm
Spend some time outdoors and enjoy free music with unique and varied musical performances, including Motown, Celtic, Zydeco, Rockabilly, Funk, Soul and much more! Bask in the sun with families and friends in the relaxing Stafford Park. |
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Tender, moist lemon coffee cake loaded with blueberries crowned with a crunchy, sweet crumb topping and drizzled with a tart lemon glaze. A fun way to change up blueberry muffins. It makes a family-favorite breakfast or brunch recipe. |
If you love artichokes, here's a great way to prepare them on the grill. The trick is to steam them first. Artichokes take a long time to cook, and like moist heat, so it's best to just grill them at the end for the grill marks and smoky flavor. |
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This easy raspberry jam is as delicious stirred into yogurt as it is slathered on a slice of homemade bread. Kept sealed tight and refrigerated, it'll last up to two weeks. Here we answer some frequently asked jam making questions! |
Fried corn is a classic side dish from the American South. It's not fried as in deep-fried, but rather in the Southern sense of the word "sautéed." It's perfect served at any barbecue, alongside ribs, rolls, and salad. |
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Melatonin is a common nightly sleep aid on shelves here in the U.S., but did you know it's only available as a prescription in most other countries? |
With our devices being the center of our worlds, it is important that we learn how to use them in a way that helps us instead of harming us. The best way to achieve this is by taking back control and decluttering our devices. |
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The Myers-Briggs Type Indicator (MBTI) groups people into one of 16 categories based on personality, and there's one type that holds the spot as the debaters of the bunch: the ENTP. Here's what to know about this contrarian personality type, from strengths and weaknesses to relationship compatibility and more. |
If there are three things you need in your life to be successful, they are boundaries, wellness, and personal growth. |
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Wildfang sells a variety of clothing, accessories, and shoes for all women ranging from casual to professional styles. Co-founded by former Nike employees Emma McIlroy and Julia Parsley.
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What began as a dream on a farm in the Hudson River Valley some 40 years ago is now one of the most widely known LGBTQ-owned businesses of all time, seen in grocery stores and pharmacies across the nation.
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We are purveyors of specialty loose leaf teas, matcha, and tisanes (herbal teas) from around the world. Most of our collection is sourced from family-owned tea gardens in East Asia and Southeast Asia. We are also makers of modern tea blends.
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A wholesale coffee-roasting company serving online shoppers everywhere. Uncommon Coffee Roasters has been bringing much-needed caffeine to the masses since 1994, when Guy Darienzo and Stephen Keye opened it up as the “local gay coffee shop.” |
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Compass is a real estate broker licensed by the State of California operating under
multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075,
1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material presented
herein is intended for informational purposes only and is compiled from sources deemed reliable
but has not been verified. Changes in price, condition, sale or withdrawal may be made without
notice. No statement is made as to accuracy of any description. All measurements and square
footage are approximate. Equal Housing Opportunity.
Photos may be virtually staged or digitally enhanced and may not reflect
actual property conditions.
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