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San Francisco June Housing Market Report (2022)
The Big Story Mortgage rate increases slow; housing stays hot Quick Take: Record high home prices continue in the face of rising mortgage rates and record inflation. All-cash sales jump because buyers want to avoid higher rates and maximize purchasing power. The housing market is roughly four to five years behind on building new homes, […]
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San Francisco May housing market update (2022)
The Big Story Rising rates may not normalize the housing market, but they may help inflation Quick Take: Record high home prices aren’t going away, even with rising rates. However, the rising rate environment will prevent a significant amount of money from entering the economy. With nearly full employment, the Fed is hyper-focused on price […]
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San Francisco April Housing Market Report (2022)
The Big Story Will rising rates normalize the housing market? Quick Take: Home prices in the United States hit a record high. Historically low inventory, coupled with an urgency around rising interest rates, incentivized homebuyers to buy sooner rather than later. Inflation is driving the Federal Reserve’s (the Fed’s) monetary policy. The Fed indicated at […]
