Mortgage Rates Going UP and How it Affects Your SF Home Purchase
Per the folks over at Daily Real Estate News mortgage rates are heading upwards. And while rates are STILL historically low, the increase in rates CAN affect your purchase power significantly. How significantly, you ask?
San Francisco Real Estate Trends at a Glance
Want a brief look at San Francisco Real Estate Trends? Of course you do! That’s why you’re reading a Real Estate Blog aren’t you!?!?!
These statistics are for ALL of San Francisco, and I can GUARANTEE you that YOUR neighborhood WILL be different.
San Francisco Real Estate Dances "The Bump"
As the good folks at the San Francisco Real Estate Blog noted, January is often the time when San Francisco home buyers shake off the holidays and add buying a home to the list of New Years Resolutions.
Zephyr Weekly Sales Reports – September 19th, 2007
Below is Zephyr Real Estate’s sales data for the previous week. These are NOT properties that have closed, just listings on which a purchase agreement has been ratified and the property has gone into escrow.
This week, Zephyr Real Estate’s pending sales have gone up by 272% from last week’s reported sales!!! I’d love to say the market has taken a huge jump in sales numbers, but this is common for the San Francisco market. Summer inventory is low, so the first two weeks after Labor Day show slow sales. But by mid-September, all of the properties that came on the market after Labor Day are starting to accept offers and go into contract. This means that we are back in full swing in real estate sales market. And homes in SF are selling!
To Rent or Not to Rent – That is the Question!
Rents in San Francisco are (surprise) on the rise! As less people qualify for loans due to the tighteninig restrictions in the mortgage industry (restrictions that I agree with wholeheartedly), more people need to rent, rent, rent their homes in San Francisco. And what happens with supply & demand? As demand goes up, supply goes down, and prices skyrocket.