Stewart Moore Real Estate

What's Happening with Mortgage Rates: If you've been watching the mortgage market lately, you might have noticed things have been a bit sleepy. That's because mortgage rates are closely tied to the bond market, and for the past couple of weeks, bonds have been exceptionally calm. While this doesn't guarantee a predictable seasonal pattern, it often means that August is a time for minimal volatility and little in the way of major movement. The lack of action is particularly noticeable when you look at the bigger picture. Mortgage rates have been trading in a very tight range, even tighter than the wider bond market. For example, the 10-year Treasury yield, a key benchmark for mortgage rates, has bounced back significantly since the big dip after the August 1st jobs report. Mortgage rates, however, have barely budged. While the 10-year yield has regained over half of its post-jobs report decline, mortgage rates have only recovered a quarter of theirs. This "quiet per...

Sonoma County Real Estate: Your Mid-July 2025 Market Update from Stewart Moore Real Estate Welcome to your latest real estate insights from Stewart Moore Real Estate! As we navigate mid-July 2025, the Sonoma County housing market is showcasing a fascinating blend of trends, offering unique opportunities for both buyers and sellers. Let's dive into what the data tells us about our vibrant local market. A Shifting Landscape: More Choices for Buyers The most significant takeaway from our latest analysis is a discernible shift towards a buyer-favored environment in many parts of Sonoma County. The median home sold price in June 2025 hovered around $806,916, showing a modest 0.6% increase year-over-year. However, the real story lies in the inventory. We've seen a substantial 43.7% year-over-year rise in active listings by June 2025, bringing the supply of single-family homes to a healthy 3.5 months of inventory. This increased supply means more choices for prospective buyers and a b...