Market Update - Arrivva

home buying tips for the bay area market

Essential Home Buying Tips for Today’s Competitive Bay Area Market

Market Update / December 3, 2024

Understanding Today’s Market Reality In today’s hyper-competitive Bay Area real estate market, traditional home-buying approaches often fall short. Consider this: a recent Mountain View property listed at $1.99 million attracted 50 offers, with the winning bid expected to reach nearly $2.9 million. This isn’t an anomaly – it’s the new normal in desirable neighborhoods with […]

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Arrivva could have saved homebuyers 18.7 Billion dollars in 2022

Real Estate, Market Update / August 3, 2023

According to Statista the average home sales price in the US in 2022 was $540,000 with 5.03 million units sold. If every home was purchased through Arrivva’s flat fee model, then $18,750,000,000* would have been put back into the homebuyer’s pockets. *Skeptical? Here’s the math. Average home price = $540,000 multiplied by the average commission

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Why Rebates for Real Estate Are Great!

Market Update, Mortgage, Real Estate / February 21, 2023

Offering a rebate on a real estate transaction can be a powerful incentive for buyers to get under contract for several reasons: Overall, offering a rebate on a real estate transaction can be a smart strategy for attracting buyers and getting them under contract. It can help buyers save money, improve their negotiating position, and

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Justice Department and Class Action Suits v NAR

Market Update, Real Estate, Uncategorized / February 18, 2023

In November 2021, the United States Justice Department announced that it was pursuing legal action against the National Association of Realtors (NAR) for violating consumer protection laws and the Taft-Hartley Act. The NAR is the largest trade association for real estate agents in the United States, with over 1.4 million members. The Justice Department’s complaint

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CA and WA January 2023 Market Update

Market Update, Mortgage, Podcast, Real Estate / February 2, 2023

I’m going to call it right here. We have bottomed out in the real estate market and I’m talking about the major cities in California and Seattle, Washington. But there’s some of this going on all over the country. And here’s the reason why. Number one, the weather is better. I know that’s weird, but

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How Not Lifting the Debt Ceiling Will Hurt Real Estate

Market Update, Mortgage, Real Estate / January 19, 2023

If the debt ceiling is not lifted, it means that the U.S. government will not be able to borrow any more money, which could lead to a default on its debt obligations. This could have a negative impact on the economy and financial markets, which in turn could hurt the real estate market. The real

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Why it’s OK to buy now in California

Market Update / October 14, 2022

The “good” news for ending inflation is that the PPI is very low. Once the CPI calms down and the fed says that they are not increasing rates will be the next turning point. The question is will it lead to a recession. No matter what, it will lead to lower rates (and that is why

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Why It’s OK to Buy Now in this “Shitty” Market

Podcast, Market Update, Real Estate / October 11, 2022

How to make the numbers work. Transcription Fred: This is the rationale numbers-wise on why people should buy now and take a long-range look based on rates and equity. Fred:So let me just warn you, I’ve just done this with pen and paper. It’s not on a spreadsheet, but here’s what I’m figuring out. Last

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Fannie Mae 2022 rules for Student Loan payments are calculated in your debt to income ratio

Market Update / April 5, 2022

Fannie Mae: Lender must include a monthly payment in the borrower’s recurring monthly debt obligation, using one of the options below to determine this amount: If you have student loans and you want to buy a house, you’re going to need to know what the lender will see on your credit report. The first thing you

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Realities of a Real Estate Crash It Ain’t Happening!

Market Update / November 16, 2021

Realities of a Real Estate Crash It Ain’t Happening! Hi, it’s Fred Glick, talking today about what everybody’s thinking. When will the crash occur? We’ve seen the stock market have a little issue, then Bitcoin up and down. And the real estate slowed down, started back up, COVID, blah-di-blah. You can go through the news

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Don’t Use Price Per Square Foot

Real Estate, Market Update / July 16, 2021

Price per square is the best and only way to figure out the price of VACANT, UNIMPROVED office space. In residential real estate, that is not the case

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How the Waitlist Works at Lennar

Market Update / February 17, 2021

A few months ago I started telling all my clients to go look at new construction as opposed to being one of 100 putting offers in on overprice property. That was good for a while and now it looks like the weight lists are getting insane.

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Are REALTORS(TM) Helping to Spread COVID? (aka, another reason we do not belong to this organization)

Market Update, Real Estate / December 13, 2020

At the beginning of March, we all know that the world sort of got shut down. At that time, I figured that the economy would take a dive and that no one would be buying real estate. Alas, the fact that qualified people were then cooped up in their 1-bedroom apartments with the walls moving

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Hello San Francisco (Video)

Market Update / October 3, 2020

Update on SF market! What you want and need to know right now.

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Dual Agency Is Alive

Market Update / September 9, 2020

No matter how much you think ethics are getting slaughtered in Washington State, our real estate agent friends have not lost a step. My buyers (who are using me because of my flat fee and a 5-star rating on Zillow) saw a home before we connected. The listing agent showed them the house and gave

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