Zillow

You could easily drive through this leafy Silicon Valley suburb without realizing you were in America's richest neighborhood. From the road, it's all high brick walls and opaque gates.

Even with the small increase in mortgage rates this past week, the home purchase market stayed active and should remain so for the peak buying season.

Mortgage rates ticked up slightly, marking the first increase in four weeks, but they remain at levels which encourage borrowers to refinance, according to Freddie Mac.

Mortgage rates continued their slide this week, which along with positive economic news should continue to pump up purchase demand, according to Freddie Mac.

Home prices were up 3.9% annually in the San Diego metropolitan area in November, outpacing all other West Coast markets, the S&P CoreLogic Case-Shiller Indices reported.

After a months-long slump in Bay Area home prices, the market appears poised to drive higher as buyers act on low interest rates and fight for scarce inventory.

Mortgage rates continued sliding this week as investors put money into safer assets like bonds, contributing to the 30-year fixed-rate mortgage dropping 9 basis points, according to Freddie Mac.

Metro Atlanta home prices outpaced all but three other Sun Belt cities during the past year, according to a high-profile national survey.

Mortgage rates fell to their lowest level in three months, possibly because investors became nervous following the spread of a coronavirus in China and elsewhere.

The inventory of homes for sale is at a seven-year low and that is likely to continue to shrink in the coming months, a Zillow report said.