There isn't a whole lot of change to the real estate market in the past month. The trend of prices going up continue from last month's trend. Mortgage Demand This month, one of the biggest news is 30-year fixed mortgage interest rate broke 5% for the first time since 2011. Many of our clients are wondering how this is going to impact the demand for real estate. To answer this question, I'd like to...
by Lex Shan Is a Spring collapse coming? As Russia's invasion into Ukraine continued, money flew into the US stock money just as our last month's blog post predicted. This inflow gave temporary support to the stock market. Looking at February 2022's market data, we can see that the % of sales dropped pretty much across all the Bay Area counties. Many youtube videos (here and there, for example) have concluded...
by Lex Shan Impact Of The Ukraine Crisis Since Russian forces invaded Ukraine, all eyes around the globe are on this country. Attention is also on how the US will respond to the crisis. Just as most predicted, the US will not have military confrontation with Russia. Instead, the US will only impose the toughest sanctions. As a reader of this post, you must wonder how this conflict is going to impact the US real...
The December 2021 housing data may seem alarming at first glance. Month-on-month price and sales volumes changes are both negative, while year-to-year sales even recorded a 10% to 51% decrease in most counties. Are the Bay Area Real Estate Buyers withdrawing from the market? Fortunately, the answer is no. The decrease in sales volume is driven by a lack of inventory. In December 2020, there...
Happy Holidays! We are just days away from Christmas and 2022! Let's take a look at what happened this month in the market. The most significant economic news of December is probably the Federal Reserve's December FOMC meeting. After the meeting, the Fed announced that they would speed up the tapering of the bond purchases and eventually stop the program in 2022. What does this mean for the real...
We are now in the midst of the holiday season! As we are getting closer to Christmas and the New Year, we are seeing the typical cool-off in the real estate market. Let's take a look at October's sales statistics and the most up to date mortgage rates. Alameda, Marin and Napa counties are leading the pack in the transition to winter real estate, recording a moderate withdraw from high prices. Napa...
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