FERRARO-ZUGIBE

Rising Interest Rates Continued to Impact Supply & Demand in October, But Early November Brings Big Shift in Economic Indicators The heart of the autumn selling season was dominated by global conflict, falling stock markets – and interest rates jumping to their highest point in 23 years, further discouraging buyers who require financing, and prospective sellers reluctant to abandon their current loan terms. Then on November 1st, the October jobs report came out, the Fed extended their pause on raising … Continue reading “NorCal Monthly Market Insights Report: November 2023”

It is our pleasure to bring you the Compass SoCal Q3 2023 Market Report. Third-quarter home sales activity around Southern California declined in part due to interest rates. Exceptions included the Santa Barbara County beach town of Carpinteria where home sales activity increased by 38 percent. An 8 percent decline in the median sales price for single-family homes in Carpinteria to $1.6 million may have fueled that activity.  Heading down the coast to Malibu Beach the median price for single-family … Continue reading “SoCal Quarterly Market Insights Report: Q3 2023”