ARMOUR TEAM

MAX ARMOUR | CA DRE# 01446122

(415) 290-6058 [email protected]

Address

891 BEACH ST
SAN FRANCISCO CA 94109

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Explore Our Properties

SF Real Estate Market Report

April 2022. The San Francisco real estate market remained heated in Q1, seeing robust sales across property types, but interest rates have soared with large impact on the monthly cost of housing for those financing their purchase. Effects of the increase in interest rates will not show up in the statistics until later in Q2.

It is very difficult to accurately predict interest rate changes; 3 months ago, Freddie Mac predicted an average, 30-year, fixed rate of 3.6% for 2022; at the end of March, it hit 4.6%. Now in April, at 5% for the first time in over 10 years -- an increase of 61% since 2022 began.