The market is always up and down – check out these GIF charts illustrating changes over the last thirty years.  In 2006-2007, rates averaged 6.5%; today they are under 4%!! I’d say the summer forecast is UP!

This first chart below is a very simplified, approximate and smoothed out chart graphing the percentage ups and downs in San Francisco home prices over the past 30+ years. We have other charts that illustrate more exact changes in median sales prices, average dollar per square foot values, and Case-Shiller Index values.

San Francisco median home prices since 1993, by property type (houses, condos and TICs), in thousands of dollars ($950 = $950,000). Changes in median price are not perfectly correlated to changes in home values since median prices can be affected by a variety of factors. Still, the overall trend line is certainly reflective of market conditions.

Factors behind the market: 30-year average mortgage interest rates for conforming loans since 1981, per the FHLMC (Freddie Mac).

Factors behind the market: San Francisco employment trends since 1990.

These analyses were made in good faith using data from sources deemed reliable, but may contain errors and are subject to revision. Statistics are generalities and all numbers should be considered approximate.

© 2015 Paragon Real Estate Group