In a significant move this week, the Federal Reserve cut its benchmark interest rate by a quarter of a percentage point for the 1st time since December 2024. This could potentially impact the stock market and the housing market. More to come as the year progresses!
Meanwhile, San Francisco's real estate remains vibrant with seasonal trends, low inventory and increased demand from the tech buying sector. This summer, our market held steady, with the normal seasonal slowing. The spotlight now turns to the exciting fall market, where September to November is prime time for home sales. Expect a rush of new listings and heightened activity, especially for luxury properties.
Mortgage rates are nearing the 6% mark, potentially sparking renewed buying energy! The City's thriving Al sector, along with the soaring stock market are giving SF a competitive edge. Add to that the Fed's rate cut and this fall could be a game-changer for buyers and sellers alike. Stay tuned!
Call for more information about the market or to discuss your real estate goals!
Cece & Team
