Marin County Real Estate Blog

A Remarkable Recovery for the Housing Market

A Remarkable Recovery for the
Housing Market | MyKCM

For months now the vast majority of Americans have been asking the same question: When will the economy turn around? Many experts have been saying the housing market will lead the way to a recovery, and today we're seeing signs of that coming to light. With record-low mortgage rates driving high demand from potential buyers, homes are being purchased at an accelerating pace, and it's keeping the housing market and the economy moving.

Here's a look at what a few of the experts have to say about today's astonishing recovery. In more than one instance, it's being noted as truly remarkable.

Ali Wolf, Chief Economist, Meyers Research

“The housing recovery has been nothing short of remarkable…The expectation was that housing would be crushed. It was—for about two months—and then it came roaring back.

Fannie Mae

Recent home purchase measures have continued to show remarkable strength, leading us to revise...

Buyers: Are You Ready for a Bidding War?

Buyers: Are You Ready for a
Bidding War? | MyKCM

With businesses reopening throughout the country and some experts indicating early signs of a much-anticipated economic recovery, more homebuyers are actively entering the housing market this summer. Today, housing is truly driving the U.S. economy forward. With so many buyers looking for homes to purchase and so few houses for sale right now, there's a disconnect between supply and demand. This imbalance is pushing home prices upward while driving more bidding wars and multiple-offer scenarios. Danielle Hale, Chief Economist at realtor.com explains:

People are surprised that prices are rising, not falling, because in the last recession home prices fell, the difference this time is the severe shortage of homes for sale…We are seeing bigger price increases with [a limited] number of homes…That is likely to lead to more competition and potentially multiple offers and bidding wars.

According to the recent Realtors...

Current Homes for Sale
Southern Marin
City # Price Range
Belvedere 16 $3.0m - $29.5m
Mill Valley 62 $545k - $6.6m
Sausalito 32 $500k - $5.9m
Tiburon 40 $675k - $17.8m
Central & North Marin
City # Price Range
Corte Madera 18 $715k - $27.5m
Fairfax 9 $685k - $4.5m
Greenbrae 8 $579k - $2.4m
Kentfield 9 $995k - $5.5m
Larkspur 13 $479k - $3.8m
Novato 68 $345k - $3.2m
Ross 10 $2.3m - $43.0m
San Anselmo 19 $1.0m - $3.0m
San Rafael 84 $95k - $6.0m
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