Low Interest Rates Boost Market Activity

While mortgage interest rates stay low into the new year, buyers see plenty of incentive for purchasing a new home. Although, they need to know exactly how much mortgage they can qualify for. They need to know that before starting a home search. And, they should do their research while consulting with a home mortgage lender for the bottom line. …

June 2020 Domestic Home Sales

New home sales outpaced, existing home sales activity in May. And, the same was true for June. Although, June existing homes sales was up from May. It did rebound significantly, by some reports, up over 20% MoM. At the same time, the rebound hit below expectations. As result, June’s uptick was below the mark for MoM and down by about …

First Time Home Sellers

Good News Spring 2020 Home Sellers

Do you want to sell your San Mateo County home? Although, do you have doubts due to the current, economic slowdown? Well, there are a few significant things to keep in mind with your decision making. Firstly, it’s true things looked iffy for home selling over the last several weeks. Although secondly, an uptick may already be in progress. And, …

National Economic Stability and Expansion

Someone would need to be asleep the past few months not to notice much of the posturing in stock market and political spheres. Also, it’s not hard to see how that serves to kindle uncertainty. In fact, it casts a shadow on national economic stability and expansion. After all, the stock market can be a reactionary and ‘hyper-sensitive’ beasty. Besides …

2019 Market Trends General Overview

On a domestic level, low mortgage rates had a real impact on the housing market. And, November data affirms the rates helped revive a general slow down. In fact, data for new home sales showed an uptick to the tune of 733,000, just in October. Now, that’s only one indicator. Other months in summer and fall 2019 also showed upticks …

February 2019 Home Sales Trajectory

A couple of points jump out about market activity, as of January. One, there’s been a downtrend in home sales, nationally. In fact, San Mateo County homes sales were down 4.8%, from last January. And two, a recent release of minutes from the Federal Reserve’s January meeting seems to indicate 2019 may not see any rate hikes. At least, not …