Monthly Archives: March 2020

Mortgage rates head up again, another blow to real estate market

So much for record-low mortgage rates. After hitting an all-time low two weeks ago, the average rate on a 30-year fixed-rate mortgage jumped 0.3% this week to 3.65%, the highest it’s been since mid-January. That’s still lower than a year … Continue reading

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Coronavirus: East Bay realtors believe virus is lowering interest rates, heating up home sales – KGO

CONTRA COSTA COUNTY, Calif. (KGO) — When it comes to the Bay Area real estate market, things are heating up more than was expected at the start of 2020. Novel coronavirus is behind some of the surge in home buying. … Continue reading

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Real estate agents are feeling pressure from low housing inventory

As housing inventory continues to dwindle, competition with buyers and agents has reached a high. According to a recent realtor.com report, the nation’s inventory of homes for sale sank 14% in January, falling to the lowest level since at least … Continue reading

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What the coronavirus shutdown means for the Bay Area’s housing crisis

As much of the Bay Area’s economy sputters to a halt due to the new coronavirus, housing builders are plugging away — pouring concrete and hanging drywall — even as they impose strict hygiene rules and ask workers to keep … Continue reading

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Who can leave their home? Read the ‘shelter in place’ order for 7 Bay Area counties

For complete coverage of the COVID-19 outbreak, head to mercurynews.com/coronavirus. The following is the text of the legal order from Contra Costa County announced Monday afternoon. Other Bay Area counties – Santa Clara, San Mateo, San Francisco, Alameda, Santa Cruz … Continue reading

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