These words, written by this famed Oakland resident, resonate with me.
I would like what I do everyday to create meaning and value to others. Real estate isn’t a job – it’s a calling. I want to do that which is important and imposing.
The place where one lives, which I am affectionately focused on, is the city of Oakland and its surrounding areas. The real estate market is extremely challenging right now, given the competition among buyers, the lack of homes for sale, and difficulty in obtaining loans. Regardless, it’s a beautiful and changing time to be involved in Oakland!
This monthly newsletter is meant to inform, inspire and engage in matters related to the broader and local real estate market and community. I seek to connect the real estate dots by curating interesting articles that keep you connected. I plan on keeping things simple, honest and off beat.
Melody Yip – East Bay Realtor “Connecting heart with home.”
Why are so few homes for sale in the Bay Area?
Kathleen Pender, SF Chronicle
The Bay Area is suffering a scarcity in real estate inventory. Reasons include: sellers fearful that they will not be able to buy their next home, few foreclosures, a steady stream of foreign investors, as well as soaring rents that make it attractive for home owners to keep their homes as an investment and rent it out.
Millennials are starting their lives later and have challenges that they have to handle such as: student loans, a tough job market, and tight credit restrictions. When buying a home, they value speed, transparency, and simplicity.
Tech startups that were once in Downtown San Francisco are moving to Uptown Oakland. Uptown Oakland offers lower rent, close proximity to Bart stations, restaurants/bars and allows these start ups to be part of the local art scene.
Here are a few establishments recently added to the Oakland scene, carefully by tested by yours truly.
There is so much to be grateful for each day. Thank you Allison Lowe for capturing the view of Oakland from your Chinatown balcony. Thank you Katherine Zapata for rubbing off your enthusiasm for West Oakland onto me. Thank you 10th and Wood for making the best chocolate cookie I have ever had. Thank you Nathan Zagal for the open house opportunity. Thank you Philip Wong for being a supportive partner – emotionally, financially, and being my newsletter consultant. Thank you Alex Bloomberg for making the podcast “the startup” and showing the citizens of the world how challenging it is to start your own business. Thank you Chris Tran for coaching me through climbing down half dome!
If you or someone you know are looking for a hard working realtor in the East Bay – please do hesitate to contact me! Referrals are the heart of soul of my business!