According to Compass.com, the real estate market in Marin County and San Francisco is bouncing back after the holiday slowdown. New listings and pending sales are rising, with spring expected to bring increased competition and higher median prices.
Mortgage rates have dipped below 7% as the Fed holds rates steady. Stock markets remain strong but volatile, impacting consumer confidence. A recent climate disaster in California may also affect housing trends.
Freddie Mac expects a positive economic outlook, with inflation pressures easing and more inventory hitting the market as homeowners adjust to higher mortgage rates.
Contact Marks Realty Group if you have any questions, we are here to help you.
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Source: Compass.com
