Worried About Interest Rates? Just Be Glad It’s Not the 1980s

Rising interest rates are a real concern today, but a recent blog post on Freddie Mac’s website helps put the topic in perspective. The average interest rate on a 30-year, fixed-rate mortgage this week was 4.4 percent, up from 4.32 percent last week … Continue reading

Homebuyers Are Happy, Led by Millennials

Recent homebuyers are overwhelmingly happy with their purchases, according to a recent survey, but the reasons why depend on the age of the buyer. Most younger buyers consider their homes strong investments, while older buyers view their new homes as … Continue reading

California, Bay Area Economic Recovery Still Going Strong

As we reported earlier this week, Freddie Mac recently issued a sunny 2014 forecast for the U.S. housing market but noted that job growth will play a key role in the ongoing recovery. California’s February unemployment report bolsters Freddie Mac’s optimistic outlook here in … Continue reading

Home Prices in Three Bay Area Counties Near the Million-Dollar Mark

If home prices in certain parts of the Bay Area continue their steady rise, even more buyers will find themselves staring at seven-figure price tags in the near future. Strong appreciation over the past year has pushed the median single-family … Continue reading

SILICON VALLEY ECONOMY EXPLODING

The current tech boom is bringing high wages and low unemployment rates to Silicon Valley, so much so that a recent SFGate article claims that its economy has returned to heights seen in the dot-com era. Using data from Joint Venture Silicon Valley’s annual … Continue reading

Real Estate Roundup: Lengthy Government Shutdown Could Stall Housing Recovery

Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious: PROLONGED GOVERNMENT CLOSURE MAY HINDER MORTGAGE LOANS The U.S. government shutdown, which began October 1, could prove to be more than just a temporary annoyance … Continue reading

Real Estate Roundup: Home Prices Post Gains for 17th Consecutive Month

Here’s a look at recent news of interest to homebuyers, home sellers, and the home-curious: U.S. HOME PRICES INCREASE FOR 17TH STRAIGHT MONTH Year-over-year increases in U.S. home prices continued for the 17th consecutive month in July, according to CoreLogic. The company’s … Continue reading

Have Low Housing Inventories Hit Bottom?

Tight supplies of homes for sale have stymied would-be buyers in the Bay Area – and in many parts of California and the U.S. – for many long months. And the shortages have spurred bidding wars, driving up home prices … Continue reading

Good news for CA jobs

October ’11 Jobs Report By Stephen Levy, Director and Senior Economist, Center for Continuing Study of the California Economy (CCSCE) in Palo Alto. California has now posted back to back strong job growth months. The state economy added 25,700 jobs … Continue reading

Are You A Buyer Or A Seller?

Many people ask me…how is the market? It depends if you are a buyer or a seller…sellers need to be realistic if they want to sell their homes right now. While it is a great time to be a move … Continue reading