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Market Update June 2022 San Francisco
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, […]
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Market Update June 2022 Greater Bay Area
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, […]
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Market Update May 2022 Greater Bay Area
The Big Story Rising rates may not normalize the housing market, but they may help inflation Quick Take: Record high home prices aren’t going away, even with rising rates. However, the rising rate environment will prevent a significant amount of money from entering the economy. With nearly full employment, the Fed is hyper-focused on price […]
