PreIshi Homes and Mortgages

09/21/2023

07/13/2023

https://www.fanniemae.com/research-and-insights/surveys-indices/national-housing-survey
This seems to signal that consumers are adapting to the idea that higher mortgage rates will likely stick around for the foreseeable future. We continue to forecast home sales to slow in the second half of the year, compared to the first half, due to ongoing affordability constraints and lack of housing supply.”

On this webpage, you will find the most up-to-date analysis, research and insights of the challenges facing the housing industry.

05/27/2023

https://www.axios.com/2023/05/26/realtor-nar-real-estate-jobs

Tens of thousands of realtors are giving up on the profession after their ranks swelled earlier in the pandemic when the housing market was soaring.

05/04/2023

Mortgage rates have risen quickly in the past year, putting many mortgage-ready potential homebuyers on hold. As rates rise, according to recent Freddie Mac analysis, the pool of homebuyers who would qualify for the current average loan decreases notably — by around 15 million.

Mortgage rates have risen quickly in the past year, putting as many as 15 million mortgage-ready potential homebuyers on hold.

02/27/2023

https://www.housingwire.com/articles/the-uptick-in-housing-activity-will-be-temporary-fannie-mae/

According to Fannie Mae, the mortgage industry started 2023 with an uptick in housing activity, but fundamentals point to weakness ahead.

01/23/2023

Mortgage Rates are getting down continuously three weeks in row.
Source: freddiemac.com

01/15/2023

Is It a Good Time to Buy a House in the Bay Area?
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This is the toughest question wandering in minds of home buyers.
Let us what media says about it:

It’s still one of the best times to sell a home in the Bay Area, as many homes are selling above asking price and property values remain above pre-pandemic levels. Inventory is limited, providing sellers pricing power despite slower—yet stable—buyer demand.

However, sellers should consider listing their property sooner to have a higher probability of selling a home quickly. Buyers are beginning to require property inspections and submit lower bids, causing homes to stay on the market longer.

The San Francisco Bay Area real estate market is going through a transitional phase as home prices adjust to changing economic and housing trends. Homes are finally becoming more affordable, although the regional cost of living remains expensive. Here is a closer look at how home prices have perf

01/15/2023

Existing, single-family home sales totaled 237,740 in November on a seasonally adjusted annualized rate, down 13.2 percent from October and down 47.7 percent from November 2021, suggesting home prices in bay area may dip little more.

01/07/2023

“While interest rates are higher than year-ago levels, they have been declining since early November from the recent peak of over 7 percent,” said C.A.R. President Jennifer Branchini, a Bay Area REALTOR®. “With home prices cooling and market competition easing in recent months, some qualified buyers who missed out on the hurried market of the last two years are taking advantage of the shift and finding sellers more willing to negotiate than they have been up to this point.”