Diablo Valley Home Prices, Market Trends & Conditions May 2022Historically, 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… Read More
Lamorinda Home Prices, Market Conditions & Trends May 2022When 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… Read More
Oakland-Berkeley Inner East Bay Home Prices, Market Trends May 2022Even 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… Read More
Diablo Valley Home Prices, Market Trends & Conditions April 2022If 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… Read More
Lamorinda Home Prices, Market Conditions & Trends April 2022For 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… Read More
Oakland-Berkeley Inner East Bay Home Prices & Market Trends April 2022For 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… Read More
