Ted Strodder Yelp

Get in touch

Ted Strodder


415.377.5222
Golden Gate
Sotheby's International Realty
189 Sir Francis Drake Blvd
Greenbrae CA 94904

November in Marin: Fed Rate Hike or El Nino, Which Will Have More Impact?

November is here and a wet winter is already here. Early storms brought an inch of rain to Marin, but more importantly, snow to Tahoe, allowing resorts there to open at the earliest date in recent memory. Something about the “Little Boy” seems to be in the headlines nearly every other day: It’s going to be a lot of rain, possibly warm rains, possibly a lot of warm rains, maybe even no rain. Whatever, at least they’ve got something to talk about at Peet’s.

Homeowners need to keep gutters and exterior drains clear of debris, for starters. Just don’t plan on getting a decent roofer out in the next 30 days. We hear they’re booked solid. The water could fall from the sky starting this month, we’ll see.

Thanksgiving2
The other (not so big) news is the Fed finally signaling they WILL hike rates sometime soon. Okay…yawn…thanks. Back to the rain. I’m kidding, but the consensus there is that the upcoming small hike will do nothing to the housing or stock markets. It’s all “built in” whatever that means, though it reminds me I wanted to get some of those cabinets for my garage, instead of shelves. You know, built-in’s.

As far as Marin’s housing inventory, it will remain ultra low. Like last November, we saw 14 homes Withdrawn from the market on the 1st, with only 11 new listings. This pattern will continue for the month as more sellers start to focus on Thanksgiving, pulling their homes from MLS for the winter, just as they do every year, like clockwork.

The buyers will also start to fade, mostly dissuaded by low or picked-over inventory. So if you’re thinking of selling, maybe get that baby on the market and grab a willing, able buyer before year end. If that same clockwork clock rolls around in a few months, watch for our market to take off again beginning February 15th, with no slowdown until July 1st.

That’s it for now. Please enjoy November wherever you are. Any questions, let me know how I can help. I’m around all month.

TS

Text or call 415.377.5222 or ted@gomarin.com