As the cooler weather sets in, the Bay Area’s real estate market is heating up with a mix of shifting rates, increasing inventory, and eager buyers making moves. With the Federal Reserve’s recent interest rate cuts and more homes hitting the market, both buyers and sellers are adjusting their strategies. Here’s what you need to know about how these trends are impacting Emeryville and the...
The Federal Reserve’s much-anticipated rate cut is finally here, and it’s sending ripples through the housing market. With the Fed lowering interest rates by 50 basis points (bps) for the first time since 2020, both homebuyers and sellers are watching closely to see how mortgage rates will react in the coming months. The September real estate market shows both challenges and opportunities as...
The real estate landscape in the San Francisco Bay Area is continuing its dynamic evolution as we move through August 2024. While the overall economic environment is showing signs of moderation, the housing market remains resilient, with several key indicators suggesting a nuanced but optimistic outlook for both buyers and sellers. Bay Area Housing Market Performance Year-over-year (Y2Y) changes in home...
As we dive into the middle of 2024, the San Francisco Bay Area real estate market continues to demonstrate its dynamic nature, influenced by various economic factors, buyer behavior, and regional trends. This market insight for June 2024 will shed light on the latest data, including housing prices, sales trends, and mortgage rates, providing valuable information for buyers, sellers, investors, and...
As we move further into 2024, the San Francisco Bay Area housing market is demonstrating its resilience amid a backdrop of fluctuating economic indicators and evolving market dynamics. May has been a month of significant activity, with diverse trends observed across the region's counties. This comprehensive analysis provides key insights and detailed statistics to help you stay informed and navigate the...
"August is like the Sunday of Summer." -- Kelly Dwyer Growing up, I didn't particularly like Sundays because it meant that the next day will be Monday--a school day. Now, as an adult, I love Sundays! I get to spend time with my wife and daughter. Then, the next day, my week resets and I get to start a new week with new goals. The same goes for August and the housing market, despite the pandemic, it...
We are already halfway through summer! I'm here to bring you an update on June's market activity. Inventory Trend First of all, let's check the inventory trend. According to the data collected by the California Association of Realtors, the Bay Area housing inventory is hitting an all time low at 1.4 months of supply in June. You may notice that the Bay Area inventory has always been low compared to the...
California has officially re-opened! We saw a lot of ups and downs this past year and the housing market was no different. Now that it is summer time, are you staying in town to shop for a new house or joining the crowd for some "revenge travel"? For those of you who chose to stay in town to shop for your next property, I think it's critical to remind everyone of the common real estate agent practice of...
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