Send Your REFERRALS

Do you know a friend who is interested in buying a home?CLICK HERE

Schedule A MEETING

Meet with one of our agents for a consultation… CLICK HERE

Why Invest TODAY?

Check out these FAQs to help you decide whether to invest today or not… CLICK HERE

Why Bay Area home prices unlikely to drop despite higher mortgage rates

Source: SF Chronicle

Mortgage interest rates recently exceeded 5% for the first time in more than a decade. However, there are few signs that the sharp rise in mortgage rates will lead to noticeable declines in Bay Area home prices anytime soon.

The average interest rate for a 30-year fixed-rate mortgage reached 5.11% last week, up from 3% at the start of the year. But, experts say, low inventory and a willingness from high-earning home buyers to engage in bidding wars are expected to keep the Bay Area’s home prices from declining.

About Community Real Estate

Community Real Estate is a Real Estate Brokerage committed to provide quality professional services. We are a full service company with in-house lending. We are Realtor®s and HUD approved selling agents. We are expert Short Sales, Listing Agents and Buyers’ Agents. We also specialize in First Time Buyers, Second Homes, Vacation Homes, Investment Homes, Leasing and Rentals, Relocations, Foreclosures, Distress Properties and REO listings and sales. We support our America’s Heroes. We look forward to meeting you and your needs!
This entry was posted in Real Estate and tagged , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

FEATURED PROPERTIES

714-835-7126

714-835-7126

Contact Information

CA Department of Real Estate Lic.# 01960213
  • facebook
  • twitter
  • linked in