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Diablo Valley Home Prices, Market Trends & Conditions July 2023

Diablo Valley Home Prices, Market Trends & Conditions July 2023

For most Bay Area markets, summer has historically been a slower period after spring – with some regions, such as San Francisco, seeing a relatively short (6 to 8 week) spike up in activity in autumn before the big midwinter slowdown – but typical seasonal trends have been upended a few times in recent years. …

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The post Diablo Valley Home Prices, Market Trends & Conditions July 2023 first appeared on PEB.

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Diablo Valley Home Prices, Market Trends & Conditions June 2023

Diablo Valley Home Prices, Market Trends & Conditions June 2023

With bank crises, fed actions, inflation readings, and U.S. debt-default fears, interest rates have been volatile in 2023, with significant ups and downs. As of early June, 30-year, fixed-rate mortgages are running about a quarter percent below 7% (but rates can change quickly).      

The post Diablo Valley Home Prices, Market Trends & Conditions June 2023 first appeared on PEB.

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Lamorinda Home Prices, Market Conditions & Trends May 2023

Lamorinda Home Prices, Market Conditions & Trends May 2023

The Bay Area is one of the world’s great metropolitan areas – as a financial and cultural center; in the spectacular beauty of its setting and surrounding open space; as a hothouse of innovation; in its diversity, openness and opportunity – and despite its current round of challenges, we expect it will continue to be …

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The post Lamorinda Home Prices, Market Conditions & Trends May 2023 first appeared on PEB.

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Diablo Valley Home Prices, Market Trends & Conditions May 2023

Diablo Valley Home Prices, Market Trends & Conditions May 2023

Over the past 40 years alone, the San Francisco Bay Area has seen 4 major upcycles or housing booms. In each, there have been enthusiasts who argued that this time the boom times would never end – but each ended, typically after hitting a final peak of what economists call “irrational exuberance.” Upcycles were followed …

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The post Diablo Valley Home Prices, Market Trends & Conditions May 2023 first appeared on PEB.

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