Abio Properties

🏛️📉🏡 Market Pulse September 2024: Feds lower rates by 0.5%, will lower mortgages follow? As anticipated this September, the Federal Reserve lowered rates 0.5% or 50 basis points. Many are hopeful to see the housing market follow suit with lower mortgage rates, but what can buyers and sellers really expect at this point and in the future? Abio Properties broker and co-owner Cameron Platt weighed in during an interview with CBS News Bay Area KPIX-TV on what this may mean for buyers. “Realistically I think we have still a ways to go before we get into the territory that really moves buyers and demand,” he told CBS News, indicating that this is a good starting point for the economy, but coming with a price for home buyers in the market who are largely still waiting to see how things work out. Brady Thomas, Senior Mortgage Advisor, with LaSalle Mortgage has been monitoring any ripple effects so far into the mortgage market, “The Fed did what we all hoped for…but...the market did not cooperate. ‘After the cut, we saw mortgage rates move up (not down)...The reason for this rise in rates, even though we got the ‘big cut’, is that the Fed was not as forceful as many had hoped in telegraphing aggressive future cuts. ‘I do believe that rates will continue to come down. It will just take some patience. This is not going to be a straight line towards low rates.” ⭐️ Read the full Abio Market Pulse August 2024 with East Bay market updates at www.abiomarketpulse.com #marketpulse #marketupdates #marketreport #mortgagerates #federalreserve #sfbayarearealestate #eastbayrealestate #oaklandrealestate #contracostarealestate #residentialrealestate

🚌 🏡 Abio Market Pulse August 2024: Back to school, back to lower mortgage rates? Around the Bay, kids are heading back to school, but could Fall 2024 also mean a return to somewhat lower mortgage rates, a welcome change for the housing market? Brady Thomas of LaSalle Mortgage joined our recent Abio Properties "Say Hey" agent market meeting to share mortgage rate insights: "Good things are still in store. There's two things we are really looking at. One is inflation, and that has come down from 9% all the way to 3%, so we have made a ton of headway there in the last 12 months. The other one is jobs. The next big jobs number comes out in early September, and the Fed meets in late September. That is expected to be the first rate cut they will do in almost 30 months." Read the full Abio Market Pulse August 2024 with East Bay market updates at www.abiomarketpulse.com #marketpulse #marketupdates #marketreport #mortgagerates #sfbayarearealestate #eastbayrealestate #oaklandrealestate #contracostarealestate #data #residentialrealestate #realestatebrokerage #broker #realtor #abioproperties

📰 San Francisco Business Times recently quoted Linnette Edwards, Abio Properties Partner/Associate Broker in their article "Survival of the Fittest" along with other Bay Area brokerage leaders discussing the new rules reshaping residential real estate. According to Linnette, changes resulting from the much-publicized NAR Settlement which addresses the industry's approach to listing and buyer agent compensation are the most significant she's seen in more than two decades of doing business. She estimates that anywhere from 10% to 25% of local agents might leave the industry within the next 12 months. "The agents that are not taking this seriously and are not proactively moving forward with this new paperwork will be left behind," she said. "They will have declining business because they will be unable to effectively communicate confidently their value proposition." Abio Properties, which has offices in Oakland and Lafayette, is among the brokerages who have been proactively preparing agents to confidently guide clients through this transition via broker-led coaching, role-playing, scripting, and marketing resources. https://lnkd.in/gEYvipB7

Marketing Onboarding for another new Abio agent today. Great way to kick off the new year. LET'S GO ABIOOOOOOOO. 🤩