Mortgage rates eased further last week before rising slightly in the past couple of days. Recent economic reports indicate that consumer inflation is back on a downward trend, and retail spending has slowed more than expected. Although more than a few reports will be needed to justify rate cuts by the Fed, the new data offers hope that the central bank might still lower rates in their upcoming July or...
February Sales Surge Signals Hot Market Ahead February's closed sales painted a significantly more active picture compared to the same period in 2023. Across 7 out of 9 Bay Area counties, sales volume surged by over 20% compared to last year. Anticipation of lower mortgage rates in 2024, and consequently higher home prices, has buyers eager to enter the market. While this month's numbers may be somewhat...
by Lex Shan
Following a notable rise in housing activity driven by lowered rates in January, the recent uptick back above 7% signals a fluctuating path to recovery, particularly as pending sales have tempered. Nonetheless, the prevailing indicators suggest that buyers are acclimating to a more typical rate environment post-pandemic, setting the stage for a lively Spring homebuying season. It's important...
by Lex Shan Despite concerns of a sluggish economic growth forecast for 2023, last week's economic data indicates that the U.S. has consistently outperformed expectations. The robust economy has put upward pressure on mortgage rates, but the average 30-year fixed-rate mortgage remains below 7%, supporting the housing market's thaw. Pending sales have risen for the first time since early 2021, but...
by Lex Shan Discover the latest real estate data from the heart of the Bay Area! November 2023's Bay Area home prices and mortgage rates. Navigate the dynamic currents of the ever-evolving San Francisco Bay Area real estate landscape 🌎 Here is the key information for November 2023. If you wish to consult with one of our real estate experts, click the link below....
by Lex Shan Discover the latest real estate insights straight from the heart of the Bay Area! Join us as our CEO and Founder, Lex Shan dives into October's Bay Area home prices, mortgage rates, and more. Get ready to stay ahead in the ever-evolving San Francisco Bay Area Real Estate world 🌎 Real Estate Market Insight - October 2023 Data As APEC closes its curtain, the real estate market undergoes...
by Lex Shan
Discover the latest real estate insights straight from the heart of the Bay Area! Join us as our CEO and Founder, Lex Shan dives into September's Bay Area home prices, mortgage rates, and more. Get ready to stay ahead in the ever-evolving San Francisco Bay Area Realty world 🌎 Here is the key information for September 2023. If you wish to consult with one...
by Lex Shan 🏡 Discover the latest real estate insights straight from the heart of the Bay Area! Join us as our CEO and Founder, Lex Shan dives into August's Bay Area home prices 💰, mortgage rates 🏦, rental property analysis ⚖️, and more. Get ready to stay ahead in the ever-evolving San Francisco Bay Area Realty world 🌎 https://youtu.be/vR4RDF5B12s Here is some of the information Lex...
by Lex Shan 🏡 Discover the latest real estate insights straight from the heart of the Bay Area! Join us as our CEO and Founder, Lex Shan dives into July's Bay Area home prices 💰, mortgage rates 🏦, rental property analysis ⚖️, and more. Get ready to stay ahead in the ever-evolving San Francisco Bay Area Realty world 🌎 https://youtu.be/-opWD5FKuZw Here is some of the information Lex is referring...
https://youtu.be/7DW2cZRloQU Here is some of the information Lex is referring...
Compare listings
Compare