Market Report: Stabilizing Trend on the Horizon?
It has been a difficult year for Marin real estate. Total unit sales are off 35% for homes, and 38% for condominiums. Condominium average sale price is down 10%. Some realtors are learning new phrases, like “Did you say one or two shots of espresso in that latte?”
We […]
It’s actually getting better if you’re trying to sell a house in Marin County right now, despite the national and local press.
We’ve been tracking percent in contract for over three years now, on a bi-monthly basis. Below 25% is a Buyers Market, and we’ve been there since mid-June.
Things bottomed out in mid-September, when percent […]
We just had our weekly sales meeting, and interest rates remain similar to last week. A 30 year conforming loan is 6 1/4%, a nonconforming five-year fixed is 6.5%, and a 30-year nonconforming is 7.5%.
As noted here a few days ago, the Fed rate cut has not affected interest rates. My good friend Rob […]
Statistics show we are now clearly in a Buyer’s Market in Marin County, as 23% of available homes are in contract. We consider it a Buyer’s Market when percent in contract dips below 25%, and it’s now been there since mid-June.
Inventory has been climbing, but shrank a bit the last two weeks, as there […]
We had our weekly sales meeting yesterday and heard from Adam Wise of North Coast Mortgage, our in-house mortgage broker.
In case you missed the news of the last two weeks, interest rates for mortgages have increased dramatically the the last two weeks. How much?
A conforming 30 year fixed is now around 6 7/8%, and […]
