Happy fall!
The season starts with mortgage rates at their lowest level in ~2 years, putting some wind in the sails of homebuyers.
Right now we’re hearing a couple of common questions.
First, with rates falling, is it worth waiting for them to go even lower? As one Yale finance professor explains, mortgage rates already dropped significantly in anticipation of the Federal Reserve cutting rates. While the Fed has signaled more cuts going forward, the change in mortgage rates may be gradual, and nothing is guaranteed.
Real estate decisions are deeply personal. You might be happy to wait and see. Or, if you are ready to make a move, taking advantage of the current relatively low rates may be the prudent approach. There is the possibility to refinance later, if rates drop further, but again nothing is set in stone. Another thing to consider is that it often makes more sense to trade up while the market is down.
We're also frequently asked about the new rules around homebuyers and agents. (Here's a quick recap from Danielle.) Recently, some of the hottest pages on our website have been our Sample Buyer/Seller Forms as people search for information. Who knew paperwork could be so thrilling?
In a way, this response feels like confirmation of our approach toward total candor and transparency. We are here to be your trusted advisor on big, complex, personal decisions—not to gatekeep a few PDFs.
And just in time for spooky season, San Francisco's oldest house has recently been sold! We’re going to assume it’s for a cool new haunted house… 👻
As always, please feel free to reach out with any real estate questions. We are happy to help you and anyone you send our way!
San Francisco Real Estate in the news, and other interesting articles. Missed our recent newsletter on the topics above? Sign up to get all our updates directly in your inbox—no spam or games. Subscribe today.
The Fed Is Cutting Rates Soon. Should I Wait to Get a Loan?
Yale Insights
No, Wall Street Isn’t The Boogeyman Gobbling Up All The Single Family Listing Inventory
Housing Notes
San Francisco's oldest house sells to surprising new owner
SFGATE
Calling all dancing queens: A new Marina bar takes you back to the '70s
The SF Standard
Hikers, rejoice: Tiburon nature reserve with sweeping SF views finally open
The SF Standard
When to book holiday travel this fall: 'That window of low prices is brief,' economist says
CNBC
