Home Prices decline 4.7% in 2019

Home prices declined for the first time since 2011. Demand decreased as days on market lengthen and the Final Sales Price over List Price percentage fell to single digits. The supply of New Listings remained consistent with prior years, resulting

Homeowners: Refinancing

What does inverted yield curves mean to homeowners? 30-year Fixed Mortgage Rates (blue line) have declined from 4.9% in November to 3.6% today, erasing rate increases that started in mid-2016. The current rates are now at 10-year lows and they

Market Update: 1H2019

Home prices and interest rates decline. The Silicon Valley real estate market has slowed-down significantly. This slow-down started in mid-2018 after a very strong 1H2018. Rising interest rates may have been a big contributor, fortunately they have declined in 2019.