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Diablo Valley Home Prices, Market Trends & Conditions May 2022

Historically, after a down cycle runs it’s course, the market moves into the next upcycle and home prices climb (often relatively quickly) above previous peaks. Over the longer term, past appreciation trends – magnified by tax breaks & financing options – have typically made Bay Area real estate an excellent, and often spectacular investment.   …

The post Diablo Valley Home Prices, Market Trends & Conditions May 2022 first appeared on PEB.

Lamorinda Home Prices, Market Conditions & Trends May 2022

When hot markets shift cooler, effects are typically first reflected in reductions in multiple offers, overbidding and the number of homes going into contract; gradual increases in active listings and time-on-market; and gradual declines in year-over-year appreciation rates.    

The post Lamorinda Home Prices, Market Conditions & Trends May 2022 first appeared on PEB.

Oakland-Berkeley Inner East Bay Home Prices, Market Trends May 2022

Even the hottest markets eventually cool. This does not necessarily imply a large “bubble and crash” (terms much overused). Over the past 4 decades, a cooling shift has typically meant a gradual decline in sale activity, then either a leveling off in appreciation or price declines of 5% to 10%: More like a slow leak …

The post Oakland-Berkeley Inner East Bay Home Prices, Market Trends May 2022 first appeared on PEB.

Sonoma County Home Prices, Market Trends May 2022

The housing market is beginning to show preliminary, but not universal reactions. Accounts of less crowded open houses and fewer offer on new listings are becoming more common. Some buyers are dropping out or becoming more selective; some sellers are moving listing dates forward.    

Napa County Home Prices, Market Conditions May 2022

As of May 5, mortgage rates were up 69% in 2022, and the scale and speed of the increase make it difficult to predict precise effects; inflation is at a 40-year high; the S&P 500 is down 14% and the Nasdaq 22%.        

Marin County Home Prices, Market Conditions & Trends May 2022

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 affordability.    

Santa Clara County Home Prices & Market Conditions April 2022

Historically high market velocity has been pushing the supply of active listings down to historic lows. This report contains analyses reviewing many of these issues through Q1 2022. Q2 is typically the highest-demand, most active selling season of the year.     

San Mateo County Home Prices & Market Conditions April 2022

Low Inventory does not necessarily mean fewer homes are being put up for sale. Indeed, sales volumes hit multi-year highs in 2021, fed by an increase in new listings. But ”inventory” is measured by what is for sale on a given day, and even if the quantity of new listings is steady or climbing, the …

Diablo Valley Home Prices, Market Trends & Conditions April 2022

If both interest rates and home prices soar, there is a double whammy on housing affordability. It is very difficult to accurately predict interest rate changes: 3 months ago, Freddie Mac predicted an average, 30-year, fixed rate of 3.6% for 2022; at the end of March, it hit 4.67%.    

The post Diablo Valley Home Prices, Market Trends & Conditions April 2022 first appeared on PEB.

Lamorinda Home Prices, Market Conditions & Trends April 2022

For buyers financing their purchase, interest rates play an enormous role in monthly housing costs. Depending on the speed and scale of changes, declining interest rates can help supercharge demand, as they did in 2021, while rapidly increasing rates typically cool the market, as occurred in the 2nd half of 2018.    

The post Lamorinda Home Prices, Market Conditions & Trends April 2022 first appeared on PEB.

Oakland-Berkeley Inner East Bay Home Prices & Market Trends April 2022

For buyers financing their purchase, interest rates play an enormous role in monthly housing costs. Depending on the speed and scale of changes, declining interest rates can help supercharge demand, as they did in 2021, while rapidly increasing rates typically cool the market, as occurred in the 2nd half of 2018.

The post Oakland-Berkeley Inner East Bay Home Prices & Market Trends April 2022 first appeared on PEB.

Sonoma County Home Prices & Market Trends April 2022

Rates may stabilize, rise further, or drop back down – they can change very quickly – and the exact, follow-on effects are unknown. Interest rates are only 1 factor: Local economic conditions, financial markets, wealth creation, housing affordability, consumer confidence, inflation, migration, the pandemic, war, debt, and government policies can all have big market impacts,

Napa County Home Prices & Market Conditions April 2022

As of March 31st, mortgage interest rates have skyrocketed 50% in 2022, with a particularly large jump in March. Because of the time involved in the home-buying process – the search, loan qualification, going into contract, escrow, closing sale – any significant effects of the recent spike won’t show up until Q2.  

Marin County Home Prices, Market Conditions & Trends April 2022

The market remained heated (probably overheated) in Q1, as our review of home-price appreciation, and supply and demand indicators will illustrate.  

San Francisco Home Prices, Market Conditions & Trends April 2022

Soaring 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 first appeared on Paragon Specific.

Santa Clara County Home Prices, Market Conditions March 2022

The number of new listings normally climb rapidly through spring, characteristically the biggest selling season of the year.  

San Mateo County Home Prices, Market Conditions March 2022

As typical at the start of the year, the number of new listings coming on market and the number of listings going into contract continue to rise.  

Diablo Valley Home Prices, Market Trends & Conditions March 2022

The 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.  

The post Diablo Valley Home Prices, Market Trends & Conditions March 2022 first appeared on PEB.

Lamorinda Home Prices, Market Conditions & Trends March 2022

So 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 Lamorinda Home Prices, Market Conditions & Trends March 2022 first appeared on PEB.

Oakland-Berkeley Inner East Bay Home Prices, Market Trends March 2022

This report will review a number of standard indicators, as well as home values, interest rates, factors that can affect real estate markets, and how market cycles have broadly played out over the last 4 decades.

The post Oakland-Berkeley Inner East Bay Home Prices, Market Trends March 2022 first appeared on PEB.


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