Mortgage Rates Surge & Bay Area Real Estate Insights | Weekly Home & Market Update
In this episode, we discuss the recent surge in mortgage rates and its impact on home buying demand, which remains strong despite the hike. We cover the persistent issue of low housing inventory, influenced by large institutional investors buying up properties. Homebuyers can expect higher monthly payments, and election uncertainty seems to prolong market times. Featured properties include the Cupertino Home of the Week, Willow Glen Home of the Week, a luxury Pebble Beach mansion, and insights from the 12 Bay Area sales report. Plus, download our home inspection checklist for your next house-hunting trip.
Mortgage Rates Increase Once Again
Homebuying Demand Holds Up Even As Election Uncertainty, Stronger-Than-Expected Economy Push Up Rates
Cupertino Home of the Week
Willow Glen Home of the Week
Luxury Home of the week
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Home Inspection CHECKLIST HERE https://abitanogroup.com/homeinspectionchecklist
00:00 Introduction: Mortgage Rates on the Rise
00:31 Economic Impact on Home Buying
01:18 Inventory and Housing Market Dynamics
02:00 Institutional Investors and Housing Supply
03:04 Regional Market Variations
03:25 Election Impact on Housing Market
03:44 Current Mortgage Rates and Home Prices
04:16 Cupertino House of the Week
04:24 Exploring De Anza Neighborhood
04:41 Inside a Modest Ranch Home
05:13 Willa Glenn House of the Week
05:40 Luxury Home Tour in Pebble Beach
06:42 Bay Area Sales Report