San Francisco Real Estate - 2023 Year-in-Review

LETTER FROM BRENDON

Dear friends & neighbors,

I hope this finds you well and getting settled into 2024! The older I get, the more I become aware of how fast time flies. It seems like I was just putting the final touches on last year’s Market Update. The great news is that as time is flying by I am having some of the best years of my life. With an amazing community of friends, neighbors, and family I am still amazed at the wonders of San Francisco and my near 30 years in this spectacular city. San Francisco continues to grow and evolve – and we are in a bit of an evolutionary stage. The national news pumped a continuous amount of “Doom Loop” news for the City by the Bay in 2023. It’s true, we have a lot of work to do to bring San Francisco back to being one of the world’s most popular tourist destinations and the groundswell of growth and innovation. The economic cycles seem to get shorter and shorter with higher highs and lower lows. Not to worry, San Francisco is one of the world’s greatest cities and will be on top again soon! A reminder to my San Francisco voters – please pay attention to local politics. With the amount of noise we have today it is easy to become apathetic to the political landscape right here. We need to truly band together to ensure that we make the most of the 2024 election cycle. The status quo and apathy have left many politicians in office who do not have the fortitude or strength to make the hard decisions. We have to elect the people who will work to help shape the San Francisco of the future. We need to elect the people who will make San Francisco a truly world-class destination again. Get out there, make some noise – and contribute to the campaigns of our future leaders! As for real estate, things are looking up. Interest rates are ever so slowly coming down, inflation just fell to under 3% and the stock market is going strong. If these 3 things keep heading in the right direction we’ll be back to normal in no time. In the meantime, reach out to me if you have any questions or want to review the performance of your home’s equity position. It’s all about the equity!

I’m looking forward to an amazing 2024! Here’s to a beautiful year with love, happiness, and success!

All the best,

Brendon

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