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 […]
Lots of conflicting data out there right now. The Marin IJ today had the headline “$1,000,000″, because the median sales price exceeded $1,000,000 for the first time ever in Marin, and Marin is the first county in California to hit this level.
On the other hand, we’ve been looking at slowing sales and increasing days […]
