Welcome to today’s episode where we delve into the intriguing world of real estate, comparing the US market to the bustling Silicon Valley. Join us as we explore the latest trends, economic indicators, and market dynamics shaping these two influential regions. In this comprehensive analysis, we’ll cover everything from home sales and prices to the labor market and inventory. So, let’s dive in and uncover the fascinating story behind these markets. In the US market, home sales have faced challenges, with a 3.4% month-over-month decline. Volatile mortgage rates and low inventory have contributed to this decline. Moreover, new listings have been 24% below the long-term average in May. While home prices have contracted slightly from their peak in June 2022, the housing market has slowed significantly compared to the white-hot market of 2020-2022.
Hello there. I am Nagaraj Annaiah, a local tech realtor who will give you realty updates on Bay Area, and also help you sell or buy a home here. Subscribe to my channel to stay updated on the latest realty happenings in Santa Clara, San Benito, Monterey, Santa Cruz, and San Mateo, among others. You can also hear me take questions from listeners on Bay Area real estate every Sunday between 1230pm and 1pm on Bolly 92.3, Bay Area’s Bollywood station. If you miss it, you can listen to a replay of it on podcasting channels like Apple Podcasts, Amazon Music, TuneIn, Stitcher, and Spotify, among others. Or visit: https://bayarearealtor.buzzsprout.com. And don’t forget to check out NagarajHomes.com and sign up to my monthly newsletter, or use the free mortgage calculator on the site to help you with your purchases.
* Want to schedule a time for a free consultation? Or want immediate help in buying or selling homes, call me today at (408) 805-4653. You can also visit me at: https://www.nagarajhomes.com/
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In April 2014, I came to the US as a software consultant. I started a performing arts and yoga studio in Santa Clara for my wife: Esha Yoga and Nrithyamanasa Performing Arts Center. As I loved networking with people, I realised that I should get into real estate as well. Therefore, I went to the right institutions for the skills required for the job. Soon enough, I became a qualified realtor and mortgage professional taking full advantage of marketing tools to ensure that your property is broadly promoted on a variety of channels, including major real estate websites. For buyers, I effectively analyze the local market and target trends to help you find the perfect home at the right price in the bay area. I sold more than 10 homes last year. I also work as a techie – that’s my full-time job. And yet, I try to find time to do other things in life to break the monotony, build a brand, and elevate my standard of life. Nothing happens with just a wish. You have to keep trying to succeed, and I am the best example of that.
DISCLAIMER: Videos are meant for informational, educational, and entertainment purposes only, and should not be construed as financial advice.
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