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...
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...
In the long term, employment and GDP reveal much about the economic climate and typically trend with housing prices. GDP, according to the U.S. Bureau of Economic Analysis, gained 1.6% quarter-over-quarter in 2nd Quar...
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Economic Updates
