San Francisco Real Estate
Rising Interest Rates Continued to Impact Supply & Demand in October, But Early November Brings Big Shift in Economic Indicators.
The post San Francisco Home Prices, Market Conditions & Trends November 2023 first appeared on Paragon Specific.
Economic indicators have been challenging since the fall selling season began: Interest rates continued to rise through early October and stock markets generally continued to fall from mid- summer, YTD highs.
The post San Francisco Home Prices, Market Conditions & Trends October 2023 first appeared on Paragon Specific.
Sold for $2,300,000
Buyer Represented
“The surprisingly quick recovery [of the housing market] suggests that the residential real-estate downturn is turning out to be shorter and shallower than many housing economists expected after mortgage rates soared last year…There still aren’t enough homes for sale to … Continue reading
The post San Francisco Home Prices, Market Conditions & Trends September 2023 first appeared on Paragon Specific.
Sold for $1,445,000
Seller Represented
Generally speaking, the market slowed in July, a common seasonal trend, and August is usually one of the quietest months of the year though last year, a sudden, but short-lived drop in interest rates kindled buyer demand in August. Underlying … Continue reading
The post San Francisco Home Prices, Market Conditions & Trends August 2023 first appeared on Paragon Specific.
Sold for $3,200,000
Buyer Represented
Underlying market and economic dynamics in 2023 have been a mixed bag of often contrary and volatile factors – including downward-trending inflation; interest rates bouncing between 6% and 7%; unceasing uncertainty regarding what the Fed will do next; substantial rebounds … Continue reading
The post San Francisco Home Prices, Market Conditions & Trends July 2023 first appeared on Paragon Specific.
Recapping the Spring 2023 Market. Median home sales prices have begun to recover from mid-winter lows, though remaining far below peak prices hit in spring 2022.
The post San Francisco Home Prices, Market Conditions & Trends June 2023 first appeared on Paragon Specific.
Looking at the overall Bay Area, buyer demand has continued to rebound from its late 2022 nadir. Though mortgage applications are still well down year over year, many buyers have accepted higher interest rates as the new normal and decided … Continue reading
The post San Francisco Home Prices, Market Conditions & Trends May 2023 first appeared on Paragon Specific.