The Lurie Group
Interest Rates, Inflation, Stock Markets and many more!

Interest Rates, Inflation, Stock Markets and many more!

  • Alexander Lurie
  • August 15, 2023

Latest average interest rate data: daily and weekly calculations -  Still bumping along in the vicinity of 7%. Markets seem somewhat bemused by the variety of indicators coming out recently.

Bar chart of daily 30-year fixed mortgage rates from February to August 2023, with financial events marked.

Chart of 30-year mortgage rates, rising from about 3.2% in January 2022 to 6.96% in August 2023.

The latest forecast from NAR on interest rates, from a presentation by Lawrence Yun, NAR chief economist on 8/2/23. Personally, I don't trust interest rate forecasts.

Mortgage rate forecast chart, with rates from 2019 to 2022 and forecasts for 2023 and 2024.

Inflation index rates - released today - basically remained stable in July, with the general index ticking up slightly and the core index ticking down slightly: 

Chart comparing monthly CPI and Core CPI year-over-year changes from January 2021 through July 2023.

Stock markets:  Short-term volatility is common. 

Chart of 2023 Nasdaq and S&P 500 gains through August 10, ending at +32% and +17%, respectively.

National percentage of all-cash purchases. (Sorry, I don't have local data on this.) 

Chart of U.S. all-cash home buyers from 2015 to June 2023, highlighting an eight-year high in 2023.

Bay Area foreclosure rate - as of Q1 2023, still close to zero. Thank you, long-term, fixed-rate mortgages.

Chart of Bay Area mortgage foreclosure rates, with a sharp peak during the 2007–2011 foreclosure crisis and rates near zero by 2023.

Selected Q2 "metro-area" median single family home sales prices around the country, and their year-over-year appreciation/depreciation rates. Note that metro areas can cover multiple counties, and sometimes parts of several states, so they are very, very general measurements. The "San Francisco Metro Area" covers five Bay Area counties (including Marin, Alameda, Contra Costa, San Mateo); the "San Jose Metro Area" covers 2 counties (Santa Clara and, oddly, San Benito).

Chart comparing Q2 2023 median home sale prices and year-over-year changes across U.S. metro areas.

Average national rent appreciation: 

Chart of U.S. primary residence rent rising from an index of 100 in 1984 to 394 in 2023.

Alexander Lurie smiling in a dark blazer and striped shirt.

Meet Alexander

Meet Alexander Lurie

Alexander Fromm Lurie is a highly accomplished San Francisco real estate professional and the leader of The Lurie Group, a top-performing team recognized among the top 1% of agents in the city. With over a decade of experience in the real estate industry and California DRE License #01952347, Alexander has built a reputation for delivering exceptional results, with hundreds of homes sold and over $1 billion in total sales volume. Born and raised in San Francisco, he brings deep local expertise, generational knowledge of the Bay Area, and a strong connection to the community into every client relationship. His approach goes beyond transactions—focusing on helping clients build meaningful connections to neighborhoods, schools, and local culture while navigating the buying or selling process with confidence.

Alexander’s background in management consulting and entrepreneurship further strengthens his strategic approach to real estate, allowing him to provide clients with a competitive edge in pricing, negotiation, and marketing. Known for his integrity, discretion, and client-first mindset, he continues to be a trusted advisor for buyers, sellers, and investors across San Francisco’s dynamic real estate market.

Alexander Lurie

Founder | Real Estate Advisor
LICENSE NUMBER
01952347
ADDRESS
629 Divisadero Ave, San Francisco, CA 94117

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