Market News

Lamorinda Home Prices, Market Conditions & Trends February 2024

Mortgage rates have been stable for nearly two months, but with continued deceleration in inflation, rates are expected to decline further.     .    

The post Lamorinda Home Prices, Market Conditions & Trends February 2024 first appeared on PEB.

Diablo Valley Home Prices, Market Trends & Conditions February 2024

Spring, typically the most active selling season, will probably result in substantial changes in these indicators.     .    

The post Diablo Valley Home Prices, Market Trends & Conditions February 2024 first appeared on PEB.

Oakland-Berkeley Inner East Bay Home Prices, Market Trends February 2024

With dramatic improvements since October in interest rates, stock markets and consumer confidence, both buyers and sellers are re-engaging to a much greater degree, and the velocity of the market is accelerating.     .  

The post Oakland-Berkeley Inner East Bay Home Prices, Market Trends February 2024 first appeared on PEB.

Lamorinda Home Prices, Market Conditions & Trends January 2024

As often seen in recent years, the complex economic, political and social factors affecting interest rates, inflation, consumer confidence, and housing and financial markets can change quickly in unexpected ways.     .  

The post Lamorinda Home Prices, Market Conditions & Trends January 2024 first appeared on PEB.

Diablo Valley Home Prices, Market Trends & Conditions January 2024

Total sales volume plunged, while for many prospective sellers, the motivation to move was reduced by the mortgage lock-in effect.  .

The post Diablo Valley Home Prices, Market Trends & Conditions January 2024 first appeared on PEB.

Oakland-Berkeley Inner East Bay Home Prices, Market Trends January 2024

With the fall in inflation this past year, the Fed is widely expected to begin dropping its benchmark rate, probably in multiple steps, in 2024.     .    

The post Oakland-Berkeley Inner East Bay Home Prices, Market Trends January 2024 first appeared on PEB.

Lamorinda Home Prices, Market Conditions & Trends December 2023

In January 2023, buyer demand saw a substantial rebound due to a similar drop in interest rates in late 2022.     .    

The post Lamorinda Home Prices, Market Conditions & Trends December 2023 first appeared on PEB.

Diablo Valley Home Prices, Market Trends & Conditions December 2023

“For the third sixth straight week, mortgage rates trended down, as new data indicates that inflationary pressures are receding. The combination of continued economic strength, lower inflation and lower mortgage rates should likely bring more potential homebuyers into the market.” Freddie Mac (FHLMC).     .    

The post Diablo Valley Home Prices, Market Trends & Conditions December 2023 first appeared on PEB.

Oakland-Berkeley Inner East Bay Home Prices, Market Trends December 2023

A dramatic plunge in mortgage rates has caused mortgage applications to increase over recent weeks.        

The post Oakland-Berkeley Inner East Bay Home Prices, Market Trends December 2023 first appeared on PEB.

Lamorinda Home Prices, Market Conditions & Trends November 2023

This report will review trends in home prices, new and active listings, speed of sale, overbidding, listings going into contract, and sales volumes in both the general market and the luxury segment.          

The post Lamorinda Home Prices, Market Conditions & Trends November 2023 first appeared on PEB.

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