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The banking crisis & real estate

April 3, 2023 By Geoffrey Disch Leave a Comment

Green Escrow | Real Estate

The current banking crisis may have some positive effects for the California real estate market. After hitting a high of 7.08 percent in November, mortgage rates have been declining, going from 6.73 percent before the bank crash to approximately 6.42 percent currently.

After the Silicon Valley Bank breakdown, many investors moved their money to U.S. Treasury bonds, which helped produce the lower mortage rates. Moreover, the Federal Reserve’s recently announced it would raise the benchmark rate by only a quarter percent.

While this bodes well for the housing market, many analysts see a fairly lackluster year for sales as many buyers are still priced out of the market.

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Filed Under: Real Estate Tagged With: Bank crisis

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“In my 30 years of doing business with escrow and title companies, my experience with Green Escrow is among the best and is at the highest level. Anytime I have the opportunity to suggest a service provider for title and escrow, I passionately recommend Green Escrow… they are responsive, intelligent and great professionals to have representing my clients and me. Thank you!”
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