Bay Area Mortgage & Market Update for March 1st

Real Estate Agent with Tucker Associates Real Estate Services Broker, CalBRE 01165309

Mortgage and Market Update

Bay Area Mortgage & Market UpdateEconomic News...This was a great week for housing news. While this may not come as a surprise for those of us on the front lines of real estate in the Bay Area the increasingly positive vibe of housing markets around the nation is certainly welcome. The S&P Case-Shiller Home Price Index continues to climb. The 20 city index climbed .9% for the month while prices out west are experiencing 1-2 percent monthly gains. New Home Sales numbers blew away estimates with the 381K anticipated eclipsed by the 437K actual annualized number. Pending Homes Sales also sailed by expectations but were flat out west which is more than likely attributed to the inventory issues we are having. The consumer is also feeling rosy as both Consumer Sentiment & Consumer Confidence continue to move higher in 2013.

Mortgage Markets...The mortgage markets have stabilized and turned to the positive in recent days. The 10 Year Note is currently trading at 1.856% versus last week’s closing level of 1.981%.

Next Week’s Market Moving Reports...Tuesday: ISM Non-Manufacturing Index Wednesday: ADP Employment Report, Factory Orders, Beige Book Thursday: International Trade, Jobless Claims Friday: Employment Situation

While I do not originate loans I make it a habit to keep abreast of mortgage & market conditions. If you are thinking of purchasing a home the first step is to meet with a mortgage professional. I will gladly provide several top-notch Bay Area advisers for your review if you are in need of a referral.

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Thinking of Buying, Selling or would just like to discuss what's going on in your neighborhood?


Doug Anderson

Doug Anderson An Independent Real Estate Broker - Executive Brokers, sm

 800.900.2634 Toll Free...925.974.1171 Direct...925.570.0611 Mobile


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California Bureau of Real Estate Broker Licenses 01165309 and 01190879 

Any statistics were compiled from Public Records and other industry sources and are deemed reliable but not guaranteed. Any square footage quoted is approximate and requires buyer verification. It is illegal to discriminate against any person because of race, color, religion, sex, handicap, family status or national origin.


Equal Housing Opportunity

© J. Douglas Anderson 2010-2013 All Rights Reserved

Comments (2)

Laura Allen, Lake Tahoe - Truckee Real Estate for Sale
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Doug - Another great Bay Area Mortgage and Market update.  Your clients are well served with this information!

Mar 01, 2013 09:50 AM
Doug Anderson
Tucker Associates Real Estate Services - Danville, CA
Bay Area Real Estate Views

Thanks Laura!

Mar 07, 2013 02:33 AM