Less Rain and Longer Days!
Have you felt that change in the weather? I actually got to skip out on a big jacket this weekend for the first time in a while, and with the recent time change it feels like I have more time to appreciate a nice day.
I’ve packed this newsletter chock-full with everything from market news to an explanation of agents’ fiduciary responsibilities to their clients—read on for a bit of everything.
March Market News:
The Spring Market Begins
Spring 2018 was one of the hottest markets in SF and the Bay Area in the last 2 decades. Then the market began to cool in summer and autumn – demand, sales and appreciation rates generally dropping, while supply and price reductions increased – before the mid-winter doldrums took hold. The magnitude of these changes varied by county, with SF less affected than many others, but still certainly affected.
Since the recovery began in 2012, spring has typically been the most active season of the year, and usually the period during which appreciation gains have been the largest. The spring 2019 market is just getting started amid a diverse set of economic indicators. Financial markets have, so far, recovered in 2019, interest rates have dropped, and big local IPOs loom. We will know much more soon.
Ask an Agent:
What are you contractually required to do?
I shared how exactly we get paid last month, but it’s also helpful to know what we do for that paycheck.
This is an involved question since it’s my literal livelihood and therefore enough to occupy more than 40 hours a week, but to elaborate a beyond “we show properties to people who might want to buy them,” let’s start with the very foundation of our job by digging into our contractual obligations to clients, and what that legalese really means.
Arts & Culture in San Francisco
Close Out Women’s History Month with a Great Meal
I’ve been celebrating Women’s History Month, and Timeout offered some nice suggestions for celebrating it. I’m partial to all the women-run restaurants here, like the Michelin-starred Atelier Crenn (pictured above)—check out a few more in this handy round-up.