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...
The Big Story – East Bay, January 2024 Mortgage rates are plummeting, but how far will they fall? Quick Take:The average 30-year mortgage rate fell 1.18% in the last two months of 2023, which is a significant dr...
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...
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...
We have about a month left of the spring real estate market so let’s take a look at how things have been so far… Buyer demand is up pushing the average days on market down and allowing many sellers to obta...
Quick Take: Bank Failures and Rate Hikes Tighter credit, at least in the short term Look, we’ve all been there. You’re running a prominent regional bank that holds an outsized amount of uninsured deposits, which...
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Uncategorized
Quick Take · Home prices rose month over month, signaling that low inventory and seasonality are still affecting pricing despite higher mortgage rates. · Active listings in the East Bay rose slig...
Categories:
East Bay Story
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...
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Market Updates
Housing inventory was at its lowest point of the year over the holidays. While properties went pending quickly with multiple offers, there weren’t many to choose from. Not to worry, new homes are coming to the m...
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Real Estate Strategies
his post examines the state of the U.S. housing market now that much-needed supply has come to the market. We also explore why the worker shortage may not be as detrimental to the economy as was originally expected be...
