SF Sellers take Homes Off the Market in Anticipation of IPO

  Home sales activity continued with annual declines posting a 10 percent year-over-year (YOY) decline in the first quarter. Sales priced over $2 million have slowed notably compared to 2018, down 25 percent YOY in Q1, but still above 2017 levels. However, after a short period of improved inventories, sellers in San Francisco took homes …

Compass March Job Report

Jobs Report suggests continued strength in employment, alleviating fears of looming recession. Today’s much anticipated national employment report from the U.S. Bureau of Labor Statistics provided further evidence of continued solid economic growth. There were 196,000 jobs added in March, after a wild swing between January’s 312,000 additions and February’s 33,000 additions. The three-month average is …

30-YEAR Mortgages see Biggest One-Week Drop in a Decade

  According to the FHLMC (Freddie Mac), the average 30-year mortgage interest rate dropped to 4.06%, the biggest 1-week decline in 10 years, and down from 4.94% in November 2018. That rates are approaching 4% is an amazing turnaround from expectations a few months ago. Two out of three people say now is a good …

California Cities See Nation’s Largest Home Value Gains Since 2009

  Bay Area, Los Angeles Home Values Rise by Six Figures over the past decade Thanks in part to plentiful, high-paying tech jobs, home values in major California cities have skyrocketed over the past 10 years, with Silicon Valley putting up the largest such gain in America. Read the full article @bethanywpatten #bayarea #homevalues #realestate …

Announcing the 12 Charity Beneficiaries of the Compass Community Giving Fund

  We are pleased to announce the 12 remarkable charity beneficiaries of the Community Giving Fund for 2019. These organizations are devoted to helping those in our Southern California community, and we are proud to be a part of their vital efforts. Starting this year, every dollar donated to the Community Giving Fund via agent …

2019 Mortgage Rates Are the Lowest in California

  California Homebuyers Enjoy the Lowest Mortgage Rates in America Although California claimed four of the nation’s five most expensive real estate markets in the fourth quarter, homebuyers here at least have a shot at scoring the lowest average mortgage rates in the country. View full detail @bethanywpatten #realestate #Mortgage #sanfrancisco #homebuyers #homesale #CA #compass …