The dip is due to a weak July jobs report, a neutral inflation report and home sale prices moving past their peak as fall approaches. Those factors give buyers significant leverage.
Source: Inman News
Mortgage rates hit 10-month low, spurring lower monthly payments
Published in Analysis, bay area, Chen Zhao, concessions, days on market, fed, federal reserve, first-time buyers, Home Buyer Leverage, home price, home sale price, housing inventory, housing market, inventory, inventory growth, Josh Felder, Lillian Dickerson, Listings, market competition, Markets & Economy, monthly mortgage payment, Mortgage, mortgage payment, mortgage rate, mortgage rates, mountain view, News Brief, Redfin, san francisco and Select
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