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Diablo Valley Home Prices, Market Trends & Conditions August 2022

Diablo Valley Home Prices, Market Trends & Conditions August 2022

According to some agents, buyer interest has begun to rekindle with the decline in competition, increase in inventory, and economic changes mentioned above, but if this is part of a broader recovery in demand, it has not yet shown up in the statistics – which are lagging indicators of what’s occurring on the ground right …

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The post Diablo Valley Home Prices, Market Trends & Conditions August 2022 first appeared on PEB.

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Lamorinda Home Prices, Market Conditions & Trends August 2022

Lamorinda Home Prices, Market Conditions & Trends August 2022

As of early August, the average, weekly mortgage rate for a 30-year fixed rate loan fell below 5% for the first time since April, and stock markets have seen large rebounds since early July – but these and other indicators have been subject to sudden and often dramatic volatility, and their future directions can’t be …

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The post Lamorinda Home Prices, Market Conditions & Trends August 2022 first appeared on PEB.

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Lamorinda Home Prices, Market Conditions & Trends July 2022

Lamorinda Home Prices, Market Conditions & Trends July 2022

Outside the 2008 crash, market corrections over the last 4 decades typically ran from a simple flattening in appreciation, to price adjustments of 5% to 10% (relatively small compared to the appreciation rates which preceded them). It is far too early, with far too many factors at play, to make predictions.      

The post Lamorinda Home Prices, Market Conditions & Trends July 2022 first appeared on PEB.

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Lamorinda Home Prices, Market Conditions & Trends June 2022

As of late Spring, across the Bay Area, less expensive home sales have been considerably impacted by rising interest rates. Sales of higher price homes have held up much better – Lamorinda is a very affluent market – but cooling demand is beginning to show up in pending sale data.      

The post Lamorinda Home Prices, Market Conditions & Trends June 2022 first appeared on PEB.

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