by Megan Micco | Jun 25, 2024 | Market Update
Welcome to my June 2024 real estate market update! Following early year optimism that inflation had been tamed, the Fed signaled 3 interest rate cuts throughout 2024 in their March Summary of Economic Projections (SEP). Unfortunately, data subsequently released...
by Megan Micco | Jun 4, 2024 | Market Update
Last December, when the Federal Reserve projected a series of benchmark rate cuts in the coming year, some analysts speculated that mortgage rates—which had recently peaked near 8%—would fall closer to 6% by mid-2024. Unfortunately, persistent inflation has delayed...
by Megan Micco | May 22, 2024 | Market Update
This spring has been quite interesting from a Bay Area real estate perspective. We’ve seen a healthy increase in homes for sale after a couple of years of very tight inventory. However, even with pent-up buyer demand, comparatively high interest rates have meant...
by Megan Micco | Apr 17, 2024 | Market Update
My April 2024 real estate market update comes with some surprising uncertainty. Early in the year it looked like we were on track for a soft economic landing after nearly 2 years of Fed rate increases. The Fed was forecasting 3 rate cuts throughout 2024 and both the...
by Megan Micco | Mar 20, 2024 | Market Update
Welcome to my March 2024 Real Estate Market Update. The Federal Reserve board held their open market meeting this week to discuss possible interest rate modifications and chose to keep rates unchanged for the time being. However, they also maintained their forecast...
