The Resolve Group
The Resolve Group May Market Update

The Resolve Group May Market Update

  • THE RESOLVE GROUP
  • May 17, 2024

Adam Touni in an olive-green collared shirt, filmed outdoors with trees and buildings behind him.

 

In May 2024, the Peninsula and Silicon Valley residential real estate market remains dynamic, with trends favoring sellers at every price point, from entry-level to luxury homes.
 
Interest rates continue to play a pivotal role in shaping buyers' decisions. With rates for 30-year fixed mortgages fluctuating between approximately 6.5% and 7.5%, buyers are treading cautiously. Yet, this hasn't deterred those who are ready to make their move this Spring.
 
Our clients, who recently purchased homes with us, are considering refinancing their loans when the Fed eventually starts to lower interest rates – a still uncertain move. Compass's Chief Market Analyst, Patrick Carlisle, points out that the Fed's plan to reduce rates by mid-year was put on hold due to rising inflation. However, the Fed has hinted at a possible rate reduction in the Fall.
 
 

WANT TO KNOW MORE? View the comprehensive market reports by clicking below.

 

Panoramic residential neighborhood at dusk, with glowing streetlights and a distant city skyline.

Aerial view of canal-front homes and winding waterways near a coastal city.

San Francisco skyline and Bay Bridge illuminated at dusk across the bay.

Aerial panorama of a blue bay, surrounding islands, and developed coastline.

Aerial view of a leafy residential neighborhood with curving streets and autumn foliage.

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The Resolve Group works with purpose and determination to find the best solutions for clients’ real estate needs. They bring together a complementary set of skills to deliver innovative, yet practical real estate services for sophisticated buyers and sellers.