As we step into the cooler months, the Bay Area housing market continues to defy some seasonal expectations while reflecting the broader impact of elevated mortgage rates. Here’s your November snapshot of the San Francisco, South Bay, North Bay, and East Bay markets. San Francisco: A Resilient Market San Francisco’s housing market is holding strong, … Read more
March 2024 U.S. existing-home sales improved for the second month in a row, jumping 9.5% to a seasonally adjusted annual rate of 4.38 million units, exceeding economists’ expectations and marking the largest monthly gain in a year, according to the National Association of REALTORS®(NAR). The rebound in home sales comes amid fluctuating mortgage rates and … Read more
Spring in the Bay Area isn’t just about blooming flowers and longer days; it’s also the season when the real estate market really starts to heat up. With inventory blooming and buyers buzzing around new listings like bees to honey, navigating the spring market requires a blend of strategy, decisiveness, and the right team by … Read more
February 2024 U.S. existing-home sales grew 3.1% month-over-month to a seasonally adjusted annual rate of 4.00 million, exceeding economists’ expectations and marking the strongest sales pace since August 2023, according to the National Association of REALTORS® (NAR). Falling interest rates late last year, coupled with a recent uptick in inventory, helped existing-home sales to climb … Read more
Hey Real Estate Explorers, Buckle up because we’re about to embark on a journey through the twists and turns of the current real estate landscape. Grab your favorite beverage and get cozy, as we break down the big stories, delve into mortgage rates, and explore the unique dynamics of different regions. Let’s dive in! The … Read more
January 2024 U.S. existing-home sales slipped 1.0% month-over-month and were down 6.2% year-over-year as of last measure, while pending sales jumped 8.3% from the previous month, marking the largest gain since June 2020, according to the National Association of REALTORS® (NAR). Mortgage rates have dropped significantly from their peak last fall, and homebuyers are beginning … Read more
December 2023 U.S. existing-home sales rose from a 13-year low, climbing 0.8% from the previous month and breaking a five-month streak in which sales declined, according to the National Association of REALTORS® (NAR). Despite the increase, sales were down 7.3% compared to the same period last year, as affordability challenges continue to hinder prospective buyers. … Read more
November 2023 Low inventory, elevated sales prices, and decades-high interest rates continue to weigh on the housing market, causing sales of existing homes to fall to their slowest pace since August 2010. According to the National Association of REALTORS® (NAR), U.S. existing-home sales declined 4.1% month-over-month and 14.6% year-over-year as of last measure, as prospective … Read more
Bianca R. Kofman Baca
DRE #02125553
Park North Real Estate
DRE #01250523
2002 Irving Street, San Francisco, CA 94122
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