News
May 14, 2022
Compass Curated
May 13, 2022
We’re not in a housing bubble, say Zillow economists
Historically speaking, the ongoing housing boom is an anomaly. Over the past two years, U.S. home prices have soared 34.4%—including 19.8% over the past 12 months. For perspective, home prices have risen on average 4.6% per year since 1987.
May 8, 2022
Turnkey Is King for Those With a ‘Move-in-Now’ Mentality
Amid the pandemic, some developers in Hawaii, California and other areas are catering to buyers looking for furnished and pre-decorated homes
April 7, 2022
Marin County Real Estate Report: April 2022 - Part I
Soaring Interest Rates & Housing Costs; Continuing Strong Demand, Low Inventory of Listings & High Market Velocity
March 14, 2022
Mortgage Interest Rate Trends, 2016 – Present
Per Freddie Mac (FHLMC),on March 10, 2022, the weekly, average, 30-year interest rate was 3.85%, up from 3.11% on 12/30/21 (with small fluctuations in recent weeks). The low of 2.65% occurred in January 2021. In November 2018, the rate was 4.94%.
March 14, 2022
San Francisco Bay Area Luxury Home Market
Driven by both pandemic-related issues, and surging household wealth among the affluent, Bay Area luxury home sales rose dramatically in the second half of 2020, and then skyrocketed in 2021. This report focuses on sales and values by county, broad Bay Area trends in supply and demand, the effects of seasonality on activity, and a few macroeconomic snapshots. Spring is typically the biggest selling season – or spring/summer in counties with large second-home markets (Napa, Sonoma, Monterey, Santa Cruz). Currently, the usual, early-spring acceleration is well under way in new listings coming on market and the number of homes going into contract.
March 14, 2022
The housing market’s key metric just took an ugly turn for homebuyers
Enticed by record-low mortgage rates and employers allowing them to work from anywhere, home shoppers rushed into the housing market during the pandemic. That influx of buyers caused inventory—the number of homes for sale—to plummet. Of course, less supply in the face of higher demand is the perfect recipe for spiking home prices.
February 23, 2022
The red hot housing market isn’t sustainable—CoreLogic forecasts home price growth to slow
Entering into 2020, the nation already didn't have enough homes built to satisfy millennials who were entering into their peak first-time home-buying years. Then the COVID-19 crisis struck. The ensuing record low mortgage rates and flexible work from home policies—which allowed buyers to expand their home search further into the burbs—only attracted more buyers into an already tight and competitive market. Simply put: The pandemic created a perfect storm in the housing market.
February 10, 2022
Demand for Second Homes in the U.S. Hits Highest Level in a Year
Interest is up 87% compared to pre-pandemic levels, just below its peak of 90% in September 2020
February 10, 2022
U.S. Housing Affordability Worsens
Median sales price for single-family existing homes was higher in fourth quarter versus year ago in 181 of 183 metro areas