Declining interest rates stimulate demand: In recent years, large rate declines subsidized much of the surge in home prices. Escalating interest rates initially fueled demand in early 2022 as buyers rushed to avoid further rises, but at a certain point, big increases, especially if coupled with peak prices, batter
Read → May 10, 2022In April 2022, the Bay Area continued to see appreciation, overbidding and days-on-market reflecting extremely intense demand. But sales are a lagging indicator reflecting offers accepted 3-6 weeks earlier, April sales mostly reflect buyers who locked in mortgage rates before the big late-March/April jumps, buyers highly motivated to buy before
Read → May 09, 2022The market remained heated (probably overheated) in Q1, as our review of home-price appreciation, and supply and demand indicators will illustrate.
Read → April 11, 2022Soaring interest rates & housing costs; continuing strong demand, low inventory of house listings and high market velocity. Sales were robust in Q1 for all property types, but the supply of house listings in particular was very low. The post San Francisco Home Prices, Market Conditions & Trends April 2022
Read → April 07, 2022The prevailing dynamic remains one of the strong buyer demand competing for an inadequate inventory of listings for sale: Crowded open houses, multiple offers, fierce overbidding, and fast sales remain common.
Read → March 08, 2022So far in 2022, Bay Area real estate markets appear largely unfazed by higher interest rates, volatility in financial markets, and troubling international events. The post San Francisco Home Prices, Market Conditions & Trends March 2022 first appeared on Paragon Specific.
Read → March 07, 2022Mortgage interest rates have risen 14% in 2022, putting them 34% above the low 1 year ago. Inflation is at a 40-year high and the Fed plans to make major changes to its interest-rate policies and its interventions in the economy generally.
Read → February 08, 20222021 was one of the most frenzied real estate markets ever, with buyer demand far exceeding the supply of listings available to buy – and all the usual indicators, including home price appreciation trends, reflected this severe imbalance. As is the normal seasonal trend, listing and offer activity dropped substantially
Read → February 07, 2022The market for luxury homes fluctuates by season, with spring Q2 typically the dominant selling season of the year. 2020 was deeply affected by the pandemic, but 2021 appears to have reverted back to normal seasonal trends.
Read → January 10, 2022Seasonal fluctuations are common and it’s not unusual for median sales prices to peak for the year in spring Q2. Longer-term trends are more meaningful than short term changes. The post San Francisco Home Prices, Market Conditions & Trends January 2022 first appeared on Paragon Specific.
Read → January 07, 2022
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