mortgage rates

San Francisco Bay Area Market August 2024 Insights

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...

San Francisco Bay Area Market July 2024 Insights

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...

San Francisco Bay Area Market June 2024 Insights

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...

San Francisco Bay Area Market May 2024 Insights

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...

San Francisco Bay Area Market April 2024 Insights

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...

San Francisco Bay Area Market March 2024 Insight

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...

San Francisco Bay Area Market January 2024 Insight

  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...

San Francisco Bay Area Market December 2023 Insight

  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...

San Francisco Bay Area Market November 2023 Insight

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....

San Francisco Bay Area Market October 2023 Insight

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...

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