Lawrence Yun of the NAR is forecasting a drop in mortgage rates to perhaps as low as 6.5%. This may bring additional buyers that were priced out back into the market. As always, the time to make a move is based on you...
The average 30-year mortgage rate has been above 6% since September 2022, and since then, the housing market has been slower, especially on the selling side, which of course feeds into the buying side, since buyers ca...
Quick Take: Higher Inventory, Higher Prices Price appreciation has been substantial across most of the East Bay this year, to say the least. Single-family home prices rose 20% in Alameda and 17% in Contra Costa, while...
Home prices are up across the Bay Area as inventory plunges to its lowest level in decades and sales fall. Median home price averages from the last three months were up across all 11 bay area counties, though still be...
The Big Story The Fed hints at pausing rate hikes Quick Take: Recession isn’t the right word. So what are we in? While we can say that we aren’t in a recession, it remains difficult to name the exact state of our econ...
While the news tells us that real estate values are declining, the real story is that values have continued to increase, just at a slightly slower rate. Home equity across the East Bay remains high despite the shift w...
It’s important to understand the current demographic and migration trends shaping the country. These trends impact our local housing demand, which impacts construction, which will go on to shape availability and affor...
Categories:
Market Updates
The market is changing. The past two years have seen a continual decrease in inventory with sky high prices. But the Covid-era market is beginning to cool just a bit. The good news is that the market should be able to...
Categories:
Market Updates
Is the real estate market FINALLY starting to SLOW?! That is the question everyone is asking. We are starting to see homes sit on the market a little longer, some not even receiving any offers in the first week ...
Categories:
Market Updates
Many experts have predicted home sales will remain strong in 2022 with prices increasing another 10%, but look at these numbers! Last week, the average home continued to sell for well over asking: Pleasanton: 114% Dub...
Categories:
Market Updates
