Chicago Title Company-Salinas

With Mortgage rates predicted to stay very low for the next 18 months by most analysts, resale inventory will be the big issue affecting prices and sales volume in Monterey County going forward.

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Latest update on housing prices.

Definitely seeing some of this in Carmel, Carmel Valley and Pebble Beach.

The latest on the mortgage rates.

Rate are staying low!

This is good news! The key piece of information is that now all 4 key measures that track the health of the real estate market are above the pre-pandemic baseline levels. The perseverance of the real estate professionals in this country is truly impressive. Stay safe and healthy!

This applies to many of the support products and services for real estate. Historically high volumes have put significant pressure on fulfillment. Proactively communicate with your vendors. This is the reality for at least the next 45-60 days. Stay safe and healthy!

It looks like all demographic groups saw gains, which is a great sign.

The mortgage market is seeing a lot of movement week to week. This story is from yesterday. Just this morning the news is that the 30 year mortgage rate is up slightly to 3.01%. The rates are still super low!

Amazingly low rates.

Wishing everyone a safe and happy Independence Day!

Looks like a lot of pent-up demand! We are definitely seeing that here in Monterey County.

News from the Federal Reserve. Fed rates typically have mixed impact on mortgage rates. The GDP prediction is a good number. Stay safe everyone!

"It is rather for us to be here dedicated to the great task remaining before us -- that from these honored dead we take increased devotion to that cause for which they gave the last full measure of devotion -- that we here highly resolve that these dead shall not have died in vain -- that this nation, under God, shall have a new birth of freedom -- and that government of the people, by the people, for the people, shall not perish from the earth." - Abraham Lincoln, from the Gettysburg Address. "Greater love has no one than this, that someone lay down his life for his friends." John 15:13

A surprising and very welcome piece of news!