In Fannie Mae’s (Federal National Mortgage Association) updated forecast this week, interest rates are projected to remain in the 5.5 percent range now through the end of 2023. Home sales are projected to be approximately 17.2 percent lower in 2023 than in 2022. New home sales are projected to fall at a higher rate than existing home sales. North Bay Real Estate Trends for August 2022 For all of the areas covered by our Multiple Listing Service (BAREIS), which includes Marin, Mendocino, Napa, Solano and Sonoma Counties, there is an inventory of 2,747 homes and condominiums for sale at the end of August. Inventory is 14 percent below that of a year ago (3,180) and it is 13 percent below th
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