Mortgage interest rates have increased by more than half of a point since the beginning of the year. They are projected to increase by an additional half of a point by year’s end. Because of this increase in rates, some are guessing that home prices will depreciate.
However, some prominent experts in the housing industry doubt that home values will be negatively impacted by the rise in rates.
Interest rates for a 30-year fixed rate mortgage have climbed from 3.95% in the first week of January up to 4.61% last week, which marks a 7-year high according to Freddie Mac. The current pace of acceleration has been fueled by many factors.
Sam Khater, Freddie Mac’s Chief Economist, had this to say:
“Healthy consumer spending and higher commodity prices spooked bond markets and led to higher mortgage rates over the past week.
Not only are buyers facing higher...
1817 California Street, #106 - Just Listed!
This lovely One Bedroom, One bath Pacific Heights Condo just came on the market for $700,000. Perfect entry level home or down sizers looking for a ground level home with easy access to the elevator.
Ground-level Pacific Heights condominium just 1/2 block from Whole Foods. Convenient to nearby shops, restaurants, and entertainment as well as tech bus stops and public transportation. 1.5 blocks off Van Ness with walk score of 98! Patio adjoins landscaped common courtyard with lush gardens and heated pool.
Other building amenities include laundry room and shared storage. Unit includes assigned one-car garage space accessible by elevator or nearby stairs. Attractively...
Just listed: 1817 California Street! This wonderfully-located 1 Bedroom, 1-Level Ground-floor Pacific Heights condominium only 1/2 block from Whole Foods. Convenient to nearby shops, restaurants,and entertainment as well as tech bus stops and public transportation. Patio adjoins landscaped common courtyard and heated pool. Other building amenities include laundry room and shared storage. Unit includes assigned one-car garage space accessible by elevator or nearby stairs. Attractively updated with new paint and carpet. Great for downsizers, investors or as a pied a terre!
For more information, including contacts and open house dates/times, see property website
650 Delancey Street #407 San Francisco CA 94107 - Sold!
A super hip loft in a historic building, The Oriental Warehouse, a fabulous listing partner and the coolest client I have ever had the pleasure of working with. Feeling very grateful for the whole experience.
I was fortunate enough to co-list this property with my long time and dear friend, Eric Turner. He is a premiere listing agent in the South Beach neighborhood in San Francisco. We successfully prepared, staged, marketed and sold this live/work loft space together for over asking price. We made a great team, combining our skill sets to get our client the highest and best price for her loft.
4 Bedrooms | 2 Baths | 1,505 SF | 9,790 SF Lot
For more information visit www.218ElDivisadero.com.
4 Bedrooms | 2 Baths | 2,146 SF | .62 Acre Lot | $1,550,000
For more information visit www.99DonnaMaria.com.
3 Bedrooms | 3 Full Baths | 1,756 SF | $825,000
For more information, visit www.75Siena.com.
I had the pleasure of representing the sellers for the second time in 4 years. These are the sellers from heaven who have good karma sending out positive vibes that comes back to them in spades.
Their highly sought-after ground level 2-bedroom/2-bath condo with 1-car garage was snapped up quickly by a buyer who can hardly wait to move in. Built in the early 1990's, the Marin Lagoon condos in San Rafael are new construction by Marin standards and have a nautical theme on a man-made lagoon. The condo has architecturally interesting features, an open floor plan, lots of light and a large outdoor space for entertaining. There is a pool and clubhouse. The Marin Lagoon community is so convenient to the Marin Civic Center, Northgate Shopping Center, 101,...