Greater Bay Area Housing Market Update - February 2025
The Big Story Mortgage rates were remarkably stable in January, and near-term Fed rate cuts look less likely Quick Take: After the average 30-year mortgage rate fell over 1% in November and December 2023, rates stabilized between 6.60% and 6.70% in January 2024. Median prices continued to de
January Housing Market Update 2025
The Big Story Elevated rates are here to stay Quick Take: Home prices declined modestly in Q4 2024, showing atypical price stability in the second half of the year. Because prices didn’t contract significantly in the second half of 2024, they will easily rise to new highs in 2025. Since September 2
Santa Clara, Santa Cruz, San Mateo Housing Market Update - November 2024
The Big Story Sellers are coming back to the market Quick Take: After the election of Donald J. Trump, bond prices increased in anticipation of his inflationary policy positions. Interest rates are the most significant factor financially in purchasing a home for most buyers, and as we’ve seen over
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