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Recent Posts
- Bay Area adjustable-rate mortgages return as interest rates rise
- San Francisco’s Housing Market Is Cooling Faster Than Rest of the Region
- Housing Deconstructed Newsletter: Bay Area Housing Market Cooling Down, Burned Out House Listed for $765k, and SJ Offers RV Owners $500
- SF can follow Calgary and turn empty downtown offices into housing
- Bay Area ‘Western White House’ sells far below asking price
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Homes Millbrae Pages
Tag Archives: Interest Rates
Rising Mortgage Rates Cause ‘Rush to ARMs’
“Mortgage rates increased by the most in a single week since 2011, and refinance application volume dropped to its lowest level in almost two years. However, applications for conventional purchase loans picked up by more than 3 percent over the … Continue reading
Posted in Real Estate News
Tagged Application Volume, Banks, Buyer Demand, California Coast, Consumers, Cop, Depression, homes millbrae, Interest Rates, Job, Mba, Mortgage Applications, Mortgage Payment, Mortgage Rate, Mortgage Rates, Oceanside, Purchase Loans, Race Against Time, Rates Mortgage, Rental Apartment, Rush
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Rising Home Prices Are ‘Unsustainable’—Realtors
Also weighing on home prices are rising mortgage rates. May’s existing home sales report from the Realtors represents closed sales, so contracts and interest rates would have been signed and locked in March or April, before rates began to rise. … Continue reading
Posted in Real Estate News
Tagged According To Mark, Banks, Cnbc, Contracts, Debt To Income Ratio, Diana Olick, Existing Home Sales, Existing Home Sales Report, Facebook, First Timer, homes millbrae, Insurance, Interest Rates, Investors, June 27, Mark Hanson, Mortgage Rates, Participation, Realtors, Steam, Time Homebuyer
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Builders Can’t Keep Pace With Demand As Bay Area Housing Booms Again
SUNNYVALE (KCBS)— New townhome projects continue at a rapid pace in Sunnyvale, where home construction can barely keep up with demand. The 14 currently under construction probably won’t be empty for long. Home values increased nearly 11-percent nationwide over the … Continue reading
Posted in SF Bay Area News
Tagged 12 Months, Association Of Realtors, Booms, Case Shiller Home Price Index, Home Construction, Home Price Index, Home Values, homes millbrae, House Price, Interest Rate, Interest Rates, Kcbs, Marke, Rapid Pace, San Jose Realtor, Silicon Valley, Single Family, Sunnyvale, Survey Results, Townhome Projects, Two Million
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Record High New Home Prices Have Room to Grow
Supplies of new and existing homes are at levels not seen since the frenzy of the last housing boom. The phenomenon is national and not just relegated to the former boom markets. April listings were down 41 percent from a … Continue reading
Posted in Real Estate News
Tagged Affordability, Cnbc, Diana Olick, Facebook, Federal Reserve, Federal Reserve Chairman, Federal Reserve Chairman Ben Bernanke, Frenzy, Home Buyer, homes millbrae, Houses For Sale, Housing Boom, Interest Rates, Jane Fairweather, Labor Shortages, Mortgage Rates, Percentage Points, Phenomenon, Purchasing Power, Realtor, Waterstone Mortgage
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Homes Selling at Fastest Pace Since Boom
While homes are certainly selling faster, double digit price gains are not considered healthy, especially when wage growth is nowhere near that. At some point buyers will hit the wall, unable to afford the homes they want. (Read More: US … Continue reading
Posted in Real Estate News
Tagged 3 Years, Boom, Cnbc, Diana Olick, Distressed Properties, Facebook, First Time Home, First Time Home Buyers, Foreclosure, homes millbrae, Homes To Buy, Interest Rates, Mortgage Applications, Mortgage Rates, Nar, Pace, Price Gains, Processing Services, Realtors, Time Home Buyers, Wage Growth
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