The Paragon Real Estate Group is offering an August 2012 market update on the cycles in the homes market in San Francisco since 1983.

San Francisco, CA (PRWEB) August 18, 2012

The Paragon Real Estate Group is announcing the release of its August 2012 market report. The update from the real estate investment and brokerage company discusses the historical dynamics of the San Francisco home market from a longer term perspective with an eye to what lessons the past may hold regarding future trends.

“Financial market and housing market cycles have been around for hundreds of years. While future cycles will vary in their details, the causes, effects and trend lines are often quite similar, and may offer useful perspective and hold lessons for the future,” Patrick Carlisle, chief market analyst for Paragon Real Estate Group, said.

“Over the past 30 years, there have been two full housing market cycles, and we are now on the cusp of a third. The first cycle starts with the country coming out of the late 1970s, early 1980s recession. As the economy recovered, the housing market started to appreciate in 1984 and this surge in values began to accelerate deeper into the decade. Over six years, the market appreciated almost 100 percent. Finally, the 1980s version of irrational exuberance, as well as the late 1989 earthquake here in the Bay Area, ended the party. A new recession arrived, home prices sank, sales activity plunged and the market stayed flat for four years. Still, even after the decline, home values were 70 percent higher than when the boom began in 1984.”

Carlisle continued, “The second cycle looks similar but elongated. In 1996, after years of recession, the homes market suddenly took off and became frenzied — similar to what we’re experiencing today. The dotcom bubble pop and the September 2001 attacks created a market hiccup, but then the subprime and refinance insanity, CDOs and derivatives, and Ponzi schemes super-charged a housing bubble. From 1996 to 2006/2008, the market went through an astounding period of appreciation. (Different areas hit peak values at different times from 2006 to early 2008.) Then, in September 2008 came the market crash.”

Across the country, home values fell 15 percent to 60 percent, peak to bottom, depending on the area and how badly it was affected by foreclosures — most of San Francisco got off comparatively lightly with declines in the 15-percent to 25-percent range. The least affluent areas got hammered hardest by distressed sales and price declines; the most affluent were typically least affected. Then the market stayed flat for more than three years, albeit with a few short-term fluctuations.

Paragon’s chief market analyst continued, “In 2011, San Francisco began to show signs of perking up. An improving economy and growing buyer demand coupled with a low inventory of listings began to put upward pressure on prices. In 2012, as in 1996, the market abruptly grew frenzied with competitive bidding. The city’s affluent neighborhoods led the recovery, and those considered particularly desirable by newly wealthy, high-tech workers showed the largest gains. However, virtually the entire city is now experiencing a high demand-low supply dynamic. The SF median house sales price has increased dramatically in 2012, though varying widely by neighborhood. But it’s still an early recovery — though seemingly a strong, healthy one — and the economy remains susceptible to big financial/political crises. However, the greater Bay Area, the state and the country are all beginning to show signs of a housing recovery. New home construction is rising, distressed sales are declining, the rent vs. buy equation has turned favorable to buying, and values are ticking up again.”

“Absent another financial crisis, we expect this positive trend in the San Francisco homes market to continue,” Carlisle said.

For more information about Paragon Real Estate Group, its real estate agents or its homes for sale, please view its website at http://www.paragon-re.com or visit 1160 Battery St. in San Francisco. For additional market analytics, visit http://www.paragon-re.com/MarketDynamics/.

About Paragon Real Estate Group

Article source: http://www.virtual-strategy.com/2012/08/18/san-francisco-real-estate-company-paragon-real-estate-group-releases-30-year-overview-san

San Francisco, CA (PRWEB) August 31, 2011

Paige Gienger, a San Francisco real estate agent with Coldwell Banker Residential Brokerage, announces the current market data shows that now may be the right time to purchase real estate properties.

As a premier real estate agent specializing in the San Francisco Bay Area, Paige Gienger’s mission is to provide clients with unparalleled service through all phases of the real estate transaction. Her past experience in market cycles has given her knowledge of the ebb and flow of the real estate market and she believes that now is the right time to buy.

“Now is a great time to explore purchasing real estate, specifically in San Francisco,” said Paige Gienger. “This is because San Francisco is one of five major cities where sale prices of homes expect to raise the second half of 2011. According to Clear Capital’s home data index July forecast. Clear Capital provides financial institutions with real-estate valuation and risk assessment information. San Francisco was less impacted by real estate speculation and where fewer foreclosures occurred. A return to the fundamentals of lending also contributes to a stable housing market.”

The local spring market showed a steady monthly increase in home sales, while year over year data for June reveals the lowest inventory and prices in two years. Historically low mortgage interest rates, rising rental rates and rental demand may make owning a home less expensive than renting.

There are other factors for the rise of San Francisco real estate market that are as a strong. The great Northern California location benefits moderate weather climates, close proximity to recreation, parks, beaches and mountains. The city and the surrounding areas have seen a recent increase in jobs and include top-rated universities and expanding medical centers. The Bay Area economy is enhanced by being a tourist Mecca with a known food and wine culture.

For more information about Paige Gienger, and to view her current listings, call her at 415-692-5623 or visit her on the web at www.ontherightpaige-sf.com.

About Paige Gienger

Born and raised in Mountain View and Los Altos Gienger is a proud life-long resident of the San Francisco Bay Area and is familiarized with all San Francisco’s desirable residential neighborhoods. A San Francisco homeowner and 21 year resident with concern and commitment to the community she serves.

Within the Gienger Family, Real Estate expertise comes naturally. Her mother is a top producing Coldwell Banker Agent. Working in her mother’s thriving business, she rapidly acquired inside knowledge and proven actions for sales success.

Paige’s personable and professional personality is the winning combination that has earned her a stellar reputation during her twelve years of helping clients buy and sell homes. Gienger’s personal philosophy is that customer service and satisfaction always comes first. She ensures an enjoyable real estate experience by incorporating her intimate knowledge of Bay Area communities and attention to detail while navigating through current real estate market hurdles.

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For the original version on PRWeb visit: www.prweb.com/releases/prwebreal-estate-agent/san-francisco/prweb8758532.htm

Article source: http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/08/31/prweb8758532.DTL