Color Scheme Color Scheme Katherine August-deWilde President & Chief Operating Officer
Color Scheme Bay Area Real Estate Review Home prices appear to have stabilized, sales activity is increasing in the Bay Area Competition for qualified home loan borrowers is intense Current market conditions may make it an ideal time to buy in the Bay Area
Color Scheme Prices Stabilize, Sales Activity Rises Bay Area sales volume rose 6.6% in September compared to a year ago Tech money is having a very positive impact on Bay Area real estate Multiple offers and rising prices are common in highly desirable neighborhoods, especially Silicon Valley and San Francisco Housing markets are stronger closer to employment centers Different housing preferences have emerged among younger wealth creators
Color Scheme Luxury Home Prices Stabilizing
Color Scheme Intense Competition for Quality Borrowers Banks are competing aggressively for high-quality borrowers Well-capitalized banks are lending
Color Scheme Intense Competition for Quality Borrowers
Color Scheme A Compelling Time To Buy Housing affordability is at or near all-time highs Interest rates are at historic lows Bay Area housing prices have declined about 20% from their peak Rents are rising, making home ownership a good value
Color Scheme Interest Rates Are At Historic Lows
Color Scheme Bottom Line The Bay Area market is holding up well relative to other markets Despite what others may be doing, First Republic’s lending activity is robust Now may be a good time to buy a home or investment property
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