If you need assistance, please call 925-212-7783

Interest Rates | J. Cherné Homes & Assoc. Blog

Tuesday, August 16, 2022   /   by Jim Cherne

Housing Market Forecast for the Rest of 2022 [INFOGRAPHIC]

Some Highlights

The housing market is shifting away from the intensity of the past two years. Here’s what experts project for the remainder of 2022.
Home prices are forecast to rise more moderately than last year. Mortgage rates will respond to inflation, and home sales will be more in line with pre-pandemic years.
Let’s connect so you can make your best move this year. ...

Read More


  buying a home, home buying, interest rates, price appreciation, home seller, housing inventory, sellers market, selling a home

Thursday, July 28, 2022   /   by Jim Cherne

The Federal Treasury Increased the Federal Funds Rate By .75%. What Does that Mean to the Housing Market?

The Feds pulled out their big stick again and increased the federal funds rate by .75% for the second time in less than two months.  This hasn’t happened since 1994!  With runaway inflation, the government is using the few tools it has to control our economy, and increasing the federal fund rate is one of them.  Unfortunately, increasing the fund rate affects inflation indirectly by reducing borrowing power.  It doesn’t decrease the cost of gas or a bag of groceries.  We will feel the hurt before the help.

Mortgage rates have gone up from under 3% last year to over 6% earlier this year finally settling down to around 5% now.  Although 30 yr. fixed mortgages usually follow the 10 yr. treasury bond rate, we will probably see another roller coaster ride in rates from the latest increase in the Federal Fund Rate.

Here are some stats:


The Federal Fund Rate is now 2.25% to 2.50% - This is what is considered a neutral rate – neither t. ...

Read More


  buying a home, home buying, interest rates

Friday, July 15, 2022   /   by Jill Cherne

Housing Experts Say This Isn’t a Bubble!

Real Estate with JILL CHERNE


Housing Experts Say This Isn’t a Bubble!
For Buyers, For Sellers, Housing Market Updates

With so much talk about an economic slowdown, some people are asking if the housing market is heading for a crash like the one in 2008. To really understand what’s happening with real estate today, it’s important to lean on the experts for reliable information.
Here’s why economists and industry experts say the housing market is not a bubble ready to pop.

Today Is Nothing Like 2008
The 2008 housing crash is still fresh in the minds of many homebuyers and sellers. But today’s market is different. Odeta Kushi, Deputy Chief Economist at First American, says:
“This is not the same market of 2008. . . . It’s no secret the housing market played a central role in the Great Recession, but this market is just fundamentally different in so many ways.” ...

Read More


  buying a home, home buying, interest rates, price appreciation

Monday, July 11, 2022   /   by Jill Cherne

Should I Buy a Home Right Now?

Real Estate with JILL CHERNE


Should I Buy a Home Right Now?

First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Pricing

If you’ve been thinking about buying a home, you likely have one question on the top of your mind: should I buy right now, or should I wait? While no one can answer that question for you, here’s some information that could help you make your decision.

The Future of Home Price Appreciation
Each quarter, Pulsenomics surveys a national panel of over 100 economists, real estate experts, and investment and market strategists to compile projections for the future of home price appreciation. The output is the Home Price Expectation Survey. In the latest release, it forecasts home prices will continue appreciating over the next five years (see graph below):


As the graph shows, the rate of appreciation will moderate over the next few years as th ...

Read More


  buying a home, home buying, interest rates, price appreciation

J. Cherné Homes & Assoc.
Jill Cherne
601 Sycamore Valley Road
Danville, CA 94526
925-212-7783
DRE# 01731991
<img src="https://s-static.cinccdn.com/images/uploads/UPC6F626C4C8C144.jpg" max height="150" max width="300">

Bay East© 2023. CCAR© 2023. EBRDI© 2023 Information deemed reliable but not guaranteed. This information is being provided by the Bay East, CCAR or the EBRDI MLS.
The listings presented here may or may not be listed by the Broker/Agent operating this website. Data Last Updated: January 28, 2023 The information being provided is for consumer' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Each office is independently owned and operated. Copyright 2023, Contra Costa Association of REALTORS. All Rights Reserved.
 photo combinedLogo_zps6tkjf92d.jpg © Bay East ©2023. CCAR ©2023. bridgeMLS ©2023. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 1/28/2023 12:55 AM CST.
This site powered by CINC: www.cincpro.com