In July, the average 30-year fixed-rate mortgage fell below 3% for the first time in history.1 And while many Americans have rushed to take advantage of this unprecedented opportunity, others question the hype. Are today’s rates truly a bargain? While average mortgage rates have drifted between 4% and 5% in recent years, they haven’t always […]
The Real Estate Market Takes a Sudden Turn
It seemed to happen overnight. The residential real estate market here has turned! Taking advantage of unbelievably low mortgage interest rates, buyers are now out in force. We are seeing multiple offers on properties. We just had a listing that had 10 offers! All but one over asking price. This is happening all over! […]
Is the Real Estate Market Going to Crash? (2020) [VIDEO]
Question: Libby, is the real estate market going to crash? Answered by Libby Guthrie Video Transcript Hi, I’m Libby Guthrie with Keller Williams Realty in Northern California, and I have a lot of clients asking me about whether or not the real estate market is going to crash like it did in 2008. So I’d like […]
How Will the Fed Slashing Interest Rates Affect Mortgage Rates
As you may have heard, the Federal Reserve (Fed) slashed interest rates this week to 0% in response to the economic crisis spurred by the COVID-19 virus pandemic. So, many of you are wondering how this will affect your current mortgage rate or your ability to purchase a home under the new interest rates set […]
2019 Real Estate Market Report for East Contra Costa County
So, how did the real estate market do in our area in 2019? Median Home Sales Prices I just finished running the numbers we’ve used as our guides for many years now. I’m writing this in early January 2020. Of course, everybody’s first question is “are home sales prices up or down?” Well, they are […]
The 2020 National Real Estate Market Forecast
We’re in the midst of the longest economic expansion in U.S. history, and economists think there’s still room to grow. A recent survey by the National Association for Business Economics found that experts believe the U.S. economy will remain positive throughout 2020.1 Still, given that recessions are a natural (and necessary) part of a business […]
How’s the National Real Estate Market?
National Real Estate Market Snapshot [September 2019] The U.S. unemployment rate is at a 50-year low, and consumer confidence remains high. In fact, the University of Michigan’s latest Surveys of Consumers found that Americans have their most positive personal finance outlook since 2003.1 However, if you follow national news, you’ve probably heard speculation that we […]
