Andy Named One of 100 Most Influential Real Estate Leaders
I’m tremendously honored to announce that I was recently named as one of Inman News’ 100 Most Influential Real Estate leaders in 2010.
The Inman 100, an annual list of the 100 Most Influential People in Real Estate, recognizes those power brokers, thought leaders, experts, insiders, and visionaries who influence the real estate industry with their words, actions, insight and innovations.
This latest list recognizes brokerage company executives, technologists, government leaders, media players, economists, online luminaries and other industry heavyweights who hold the power to move the industry forward during this prolonged period of economic hardship and uncertainty. Individuals on the list were selected after a nomination process and an Inman News editorial review.
The reason I made the list is that a few years ago, I organized an event in San Francisco called Real Estate BarCamp, where real estate professionals could get together in an open and unstructed format to lead group sessions on the topics that they’re passionate about.
Building on the success of that first event, I encouraged others to organize events in their area and to date there have now been over 50 local RE BarCamps held across the world.
RE BarCamps have become a catalyst for us to bridge our online & offline worlds and allow us to share and learn from each other, while building relationships with some of the brightest & most forward thinking people in the industry. It’s something that I’m extremely proud of and look forward to each one I attend.
Ginger Wilcox, Brad Coy and I continue to organize the annual SF event (Summer 2011 will be our 4th!) and I continue to help local organizers put on successful RE BarCamps in their backyard.
Glen’s December East Bay Housing Numbers (through November 2010)
This month’s edition of Glen’s East Bay Housing Numbers is in and while sales are down from last year, the market continues to hold stable.
- November was the first month that we have seen a significant decline in inventory since the beginning of the year. 7,226 for the 38 cities tracked in Alameda and Contra Costa County. This is about a 7.5% decrease from the month before. The months supply for the area dropped as well from a 3.9 month supply, a high for the year to, a 3.6 months supply. Typically we see a seasonal drop in inventory this time of year. However, we usually see this trend beginning a couple of months earlier.
- We saw a small decrease for the amount of pending sales at 5,995, (homes that have gone into contract). This is well below the levels we saw in November of last year, 6,750.
- Our Pending/Active Ratio has increased from .78 to .83, an improvement, but still indicating that we are, on the whole, in a “buyer’s market.”
- Sales remain sluggish for Alameda and Contra Costa Counties, down 29% since mid year and down 36% as compared to the previous November in 2009.
- We also saw, across the board, that discounts were greater than the month before. The discount for what homes were selling at in comparison to asking, on average had slightly increased.
What does the future hold for the East Bay housing market? I think jobs are going to be key to any sustained recovery, which means that I’m keeping an eye on the local employment figures and C.A.R. President Beth L. Peerce echos my sentiment.
“Persistent worries about the economy and job security are affecting home sales, despite low mortgage rates and strong affordability” (link)
From most accounts it looks like we’re in for a slow recovery. The latest UCLA Anderson Forecast is forecasting
“Modest growth and distressingly high unemployment” for most of 2011, with an acceleration of growth late next year that will gradually lower the unemployment rate.”
As always, I’m available if you want to talk about the market, or explore your options for buying, selling or investing in East Bay real estate. You can reach me directly at 510.333.4460.
You can download the entire copy of Glen’s East Bay Housing Numbers through 11.30.10 here.
Additional reading;
DQ News, Bay Area Home Sales Fall Sharply; Median Price Dips Below Last Year
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