Piedmont Market Update - April 2024

Your Trusted Piedmont Real Estate Team – Buy or Sell with Confidence

Thinking of buying or selling a home in Piedmont? At Calia Homes, we specialize in guiding East Bay clients through the unique Piedmont real estate market with care and confidence. Whether you're searching for your dream home on a quiet tree-lined street or preparing to sell a legacy property near Piedmont Park or Crocker Highlands, our experienced Piedmont Realtors provide trusted advice, deep local insight, and a people-first approach. With decades of experience and a reputation built on referrals, we’re here to help you make smart, successful real estate decisions in Piedmont and the surrounding East Bay communities.

"Don't wait to buy real estate. Buy real estate and wait." - Will Rogers, actor. Benefits of Home Ownership. At Calia Homes, we believe homeownership matters. We also pay attention to real estate economic research, data, and trends. National statistics show that, nationwide, homeowners are able to build a net worth approximately 40 times nigher than that of renters. The disparity could be even greater in the Bay Area. Our team works with many first-time homebuyers and we sincerely understand how challenging it can be to buy your first home. (We were once first-time homebuyers too!) What History Tells Us Larence Yun, the Chief Economist the National Association of Realtors, summarizes  the benefits of homeownership: "Over a long period of time, home ownership is a solid path towards building wealth. It works in two ways: First, you have the advantage of home price appreciation, and second, it forces homeowners to save for monthly mortgage payments, which renters don't have." Since rates began dramatically increasing in 2022, many first-time homebuyers took to the sidelines, hoping that rates might come down to historically low rates below 3% again. If we review mortgage trend data going back 40 years, this scenario s e e m s unlikely. Given that the average annual appreciation across the nation has been 4% per year nationally (6.2% locally), and given the value of leverage that most buyers are able to utilize when buying their first home, we concur with the advice of American billionaire hedge fund manager John Paulson : "If you don't own a home, buy one. If you own a home, buy another one. If you own two homes, buy a third. And lend your relatives the money to buy a home."