The 2022 Real Estate Market Shift


In the last week of May, home listings leapt 9% in a year-over-year comparison. Between mid April and mid May, new listings increased twice as fast as they did in the same timeframe last year. But pending home sales in April were down almost 4% from March and down just over 9% from April 2021. Clearly, we’re seeing a cooling in the market, and depending on what side of the real estate transaction you’re on, that may or may not

Continue Reading

Long Promised, Interest Rates Finally Rise


Average rates on a 30-year fixed mortgage hit 5% for the first time since 2011, with the exception of two days in 2018. Assuming that expected rates stay this high, it will be the first time since 2013 that we’ve seen 5% interest rates. For context, rates this time last year were 3.38%. So, what do rising rates mean for homebuyers? As Mortgage Rates Rise, So Do Borrowing Costs The general rule of thumb is that for every 1% interest rate hike,

Continue Reading

Eight Tips for Buying a House During Times of Crisis


Recession. Natural Disaster. Pandemic. These are experiences that put people to the test, and we all handle them in different ways. Some of us squirrel away every penny. And some of us… buy property! If you’re eyeballing the historically low interest rates and have enormous faith in your real estate agent, here are eight tips for buying a house during times of crisis. Spoiler — these insider secrets come from our very own Leonard Steinberg at Compass, who has put

Continue Reading

4 Things Mortgage Brokers Want you to Understand about Getting a Loan or Refinancing During the Pandemic


COVID-19 is a pretty serious curve ball to just about everyone. For prospective homeowners in particular, it complicates every step of the home buying process. That includes the finance side of things. If you’re getting a loan or refinancing during the pandemic, here are four things to understand right out of the gate. Great Rates, Complex Process Yes, interest rates are at historic lows. In fact, last week they just hit a new all-time low. Unfortunately, securing a loan at these

Continue Reading

A Short List of San Francisco’s Most Famous Neighborhoods


For just seven square miles, San Francisco has a lot going on. Between the amazing restaurants, the iconic landmarks, and the world-famous streets, there are the neighborhoods themselves. The full list is lengthy – you’re looking at eighty plus distinct hoods – so we love 7X7’s handy short list of some the standouts. Check out the article here, and read on for a few of our favorites – plus a pair of listings in two of San Francisco’s famous neighborhoods. South

Continue Reading

Site Footer