October 2024: Real Estate Trends In The SF Bay Area
Home Prices?
Expected to Rise in 2024
FED lowering rates in 2024? Over 60% of the 2023 housing demand was unfulfilled due to historically low inventory and rapidly rising interest rates. Nationally, the experts predict home appreciation in 2024 slightly higher (CoreLogic 2.5% increase, FannieMae 3.25% increase, Goldman Sachs 5% increase, Moody's 0.4% decline, Morgan Stanley 3% decline, Mortgage Banker's 4.1% increase, NAR 1.4%, Redfin 0%, Wells Fargo 2.5% increase).
So what are the latest SF Bay Area real estate trends? And is now a good time to buy, sell invest in single family homes, condo, or multi-family in the SF Bay Area? Read our monthly reports + subscribe to our weekly updates to stay informed on local SF Bay Area real estate markets. To subscribe, click here or the link below.
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