Conference Board is sounding a cautionary tone in its economic forecast: “Less support from monetary and fiscal policy, and a weaker global economy will gradually slow the economy to below 2.5 percent growth by the end of 2019. Already, higher interest rates along with labor shortages in construction, and higher Read More
Southern/Central Marin County Real Estate
Marin County Real Estate Market Report – August 2018
Fortune Magazine’s recent article “The End is Near for the Economic Boom” is representative of the cautionary tone of a growing number of financial advisors, investors and economists that the expansionary economy we’ve had since 2009 is nearing its end. Facebook’s dramatic 20% share price one-day drop (it’s still down Read More
Marin County Real Estate Market Report – July 2018
Two economic conditions currently in the U.S. may impact the Bay Area housing market. The first is the mounting trade wars with China, Europe, Mexico and Canada. The second is the rising interest rates (2 more are planned by the Federal Reserve Bank but with inflation rising there is talk Read More
Marin County Real Estate Market Report – June 2018
May’s median sold price in Southern/Central Marin reached a new high – $1,625,000, although the three-month rolling average showed no appreciation compared to the same time frame in 2017. The prior year’s appreciation was 14%, so this is a notable cooling of the price rises. The number of new listings Read More
Marin County Real Estate Market Report – May 2018
There has been a lot of news around the Federal Reserve raising interest rates but mortgage rates are up only 0.5% since December, currently at approximately 4.5%. So far, higher rates do not appear to have had a big impact on the market with many buyers still looking for both Read More
Marin County Real Estate Market Report – April 2018
In spite of very rainy, wet weather, Marin single-family home buyers were buying in March. Median sold prices rose for both homes and condominiums, with homes rising just slightly from $1,461,000 to $1,468,000 and condominiums jumping from $668,000 to $729,000. Single Family Homes: The three-month rolling average median sales price of $1,468,000 is up 9.7% Read More