San Francisco Homebuyers Face Acute Inventory Shortage
Here’s what went on in the San Francisco housing market last month.
Lorraine is enjoying her first real job after a career in journalism. She’s based in Washington, D.C., where she writes about housing and the economy. Before joining Redfin, Lorraine was at Bloomberg News reporting on politics, financial mayhem, housing and the economy. Her dream home is a top-floor loft with a pool, friendly neighbors and a terrace for throwing parties. Everyone's invited.
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Here’s what went on in the San Francisco housing market last month.

At tonight’s State of the Union, President Obama isn’t likely to say much about the state of the nation’s housing market. So we’ll do it for him.

Builders are coming out of their hiring funk, which should help homebuyers. Mortgage rates will rise and paychecks still aren’t growing fast enough.

Didn’t we tell you not to fear the Fed? The average rate on 30-year fixed mortgage fell this week, reaching 3.97 percent after ticking up at the end of 2015.

It was fun while it lasted. This week, rates on a 30-year fixed mortgage topped 4 percent for the first time since July.

That grown-up kid in the basement might not be unemployed. It might just be cool for him to live there.
Here’s what went on in the San Francisco housing market last month.

At tonight’s State of the Union, President Obama isn’t likely to say much about the state of the nation’s housing market. So we’ll do it for him.

Builders are coming out of their hiring funk, which should help homebuyers. Mortgage rates will rise and paychecks still aren’t growing fast enough.

Didn’t we tell you not to fear the Fed? The average rate on 30-year fixed mortgage fell this week, reaching 3.97 percent after ticking up at the end of 2015.

It was fun while it lasted. This week, rates on a 30-year fixed mortgage topped 4 percent for the first time since July.

That grown-up kid in the basement might not be unemployed. It might just be cool for him to live there.