Spring may be the season with the greatest amount of real estate activity in San Francisco, but just as predictably, September is the month that tends to bring the greatest number of new listings to market. (See the seasonality section in my market report.) If you’re looking to buy a home in the city, it’s arguably the best time of year, as inventory opens up and relieves some of the competitive pressure.

Before you hit the market, it’s important to have your financing lined up. The good news is that rates are extremely low right now. An August 8 story in the Wall Street Journal notes:

The rate on a 30-year, fixed-rate mortgage fell to 3.6%, mortgage-finance giant Freddie Mac said Thursday. That rate was nearly 5% in November. Mortgage rates are closely linked to yields on 10-year Treasury notes, which on Wednesday fell to 1.675%, the lowest since October 2016.

Lower interest rates combined with increased inventory means you have more buying power in the market. If you’re looking to buy and do not have your financing lined up, contact me, and I will connect you to my colleagues at RPM Mortgage, with whom I have worked very closely for years. Let’s find you your place in the world.