San Francisco Home Prices, Market Conditions & Trends December 2023

San Francisco Home Prices, Market Conditions & Trends December 2023

A Sudden, Positive Shift in Economic Indicators. “For the third sixth straight week, mortgage rates trended down, as new data indicates that inflationary pressures are receding. The combination of continued economic strength, lower inflation and lower mortgage rates should likely bring more potential homebuyers into the market.” Freddie Mac (FHLMC).

 

 

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The post San Francisco Home Prices, Market Conditions & Trends December 2023 first appeared on Paragon Specific.

San Francisco Home Prices, Market Conditions & Trends September 2023

San Francisco Home Prices, Market Conditions & Trends September 2023

“The surprisingly quick recovery [of the housing market] suggests that the residential real-estate downturn is turning out to be shorter and shallower than many housing economists expected after mortgage rates soared last year…There still aren’t enough homes for sale to meet demand.” The Wall Street Journal, “The Fall in Home Prices May Already Be Over,” 9/8/23

 

 

 

 

 

The post San Francisco Home Prices, Market Conditions & Trends September 2023 first appeared on Paragon Specific.

San Francisco Home Prices, Market Conditions & Trends July 2023

San Francisco Home Prices, Market Conditions & Trends July 2023

Underlying market and economic dynamics in 2023 have been a mixed bag of often contrary and volatile factors – including downward-trending inflation; interest rates bouncing between 6% and 7%; unceasing uncertainty regarding what the Fed will do next; substantial rebounds in stock markets; bank, commercial real estate and debt-default crises; international political, economic and military conflicts; high-tech layoffs amid generally strong employment statistics; and a recovery in buyer demand, sales activity and home prices, but all 3 remaining significantly lower than the peak of the market in spring 2022.

 

 

 

 

 

 

The post San Francisco Home Prices, Market Conditions & Trends July 2023 first appeared on Paragon Specific.

San Francisco Home Prices, Market Conditions & Trends May 2023

San Francisco Home Prices, Market Conditions & Trends May 2023

Looking at the overall Bay Area, buyer demand has continued to rebound from its late 2022 nadir. Though mortgage applications are still well down year over year, many buyers have accepted higher interest rates as the new normal and decided to move forward – and rates have recently been trending downward.

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