-
SAN FRANCISCO REAL ESTATE MARKET UPDATE – September 2022
The Big Story July sees a huge mortgage rate drop and more inventory on the market Quick Take: In July, the average 30-year mortgage rate declined significantly, by 0.50%, positively affecting affordability. Economists predict that mortgage rates have already seen their peak this year, near 6%, and will stabilize around the current rate of about […]
-
SAN FRANCISCO REAL ESTATE MARKET UPDATE – August 2022
The Big Story To be, or not to be? That is the recession. Quick Take: The housing market strongly outperformed inflation and stocks in the first half of 2022 and shows no sign of reversing. The Fed rate hikes are dampening demand, allowing much-needed inventory to rise, although inventory remains far from the pre-pandemic supply […]
-
SAN FRANCISCO REAL ESTATE MARKET UPDATE – July 2022
The Big Story Mortgage rate increases slow; housing stays hot Quick Take: Record high home prices continue in the face of rising mortgage rates and record inflation. All-cash sales jump because buyers want to avoid higher rates and maximize purchasing power. The housing market is roughly four to five years behind on building new homes, which means […]
