An elegant white clock featuring 'DANIELLE LAZIER REAL ESTATE LOGO' on a sleek black background.Vivre Real Estate logo

Uncertain Economic Times and the San Francisco Real Estate Market

January 26, 2016

Home buyers are feeling a little bit skittish about buying when it seems like everything is going down. During times of economic turbulence, factors such as losing money from stock accounts, having to dip into retirement funds, and feeling unsure about the economy in general all create extra stress when it comes to buying a home.

We’re not just discussing national economic turbulence either. When big countries like China experience trouble in their economies, the effects are far-reaching. The tightening of domestic spending certainly affects the real estate market within those countries, typically in a negative way, since people don’t have the money to buy and sellers are forced to drive down their listing prices.

However, this does not mean there will be any negative effect on real estate here in the United States, and especially within the San Francisco real estate market. In fact, according to top real estate agents, like the team at Keller Williams San Francisco, it will most likely be the opposite...

  • When stocks go on their roller-coaster ride, more folks realize that real estate offers a more stable investment.
  • Countries experiencing the most economic turbulence, such as China, have already and will likely continue to drive more money from there to here.
  • Homes in the United States are a safer place for rich folks to park their cash and in San Francisco we see this a lot.
  • These world events—oil, China, etc.—are likely to keep mortgage rates low longer than we thought.

In general, Keller Williams San Francisco and I recommend that clients have their down payment liquid. It may be a good time to put into a cash account. And so far, the San Francisco real estate market has been super busy since January 1st. We had the usual seasonal slow down but now, open houses have been busy! One of my own listings this past weekend had over 120 groups come through and the places I toured were packed even in the cold rain.

If you have a solid financial plan and have an idea of both your short-term and long-term homeownership goals, then buying in the San Francisco real estate market, even during times of international economic turbulence, can be a wise decision. This is also where having a good Realtor, who has experience and knowledge about the local real estate market, will be your biggest asset.

Are you interested in buying a home? Reach out to me or the team at Keller Williams San Francisco. Let's talk!

-DL

Yelp logo
296 reviews
View All
Zillow logo
176 reviews
View All
Danielle Elazier Realtor on Google My Business- image of Google my business logo
117 reviews
View All

Danielle lazier real estate team

We care deeply about our clients and our commitment to exemplary results. Working with us should be a good fit for you. If you feel our team is the right fit for you and you’d like to talk with Danielle to make sure, contact us today for your complimentary initial consultation.
Contact Me

Do You Need Another Real Estate Newsletter?

Probably not. Yet, in our biased opinion, you should definitely sign up for our twice-monthly email for market insights, webinar invites, local news, gorgeous homes, and more. We never share or sell your information. And, when you’re ready to work with us, please email or call to discuss your plans. We’d love to help!

Danielle Elazier botanical illustration - 3 different California poppy flower branches. Black and white with line art
View Full Street Address SAN FRANCISCO, CA 94114 (415) 528-7355 ©2016 VIVRE REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES, OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS, AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT, OR ZONING EXPERT. IF YOUR PROPERTY IS CURRENTLY LISTED WITH ANOTHER REAL ESTATE BROKER, PLEASE DISREGARD THIS OFFER. IT IS NOT OUR INTENTION TO SOLICIT THE OFFERINGS OF OTHER REAL ESTATE BROKERS. WE COOPERATE WITH THEM FULLY. EQUAL HOUSING OPPORTUNITY. ALL INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED AND SHOULD BE INDEPENDENTLY REVIEWED AND VERIFIED.
enteruserclockcross