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The May numbers are in, so it's time for another update on the Northern California marketplace.
Just about every home that is in great condition is receiving multiple offers, which is great news for sellers. Buyers, on the other hand, are often having to compete with a handful of other offers. It's a wild market, but we can help. We have the strategies to help you win the home of your dreams without having to overspend. For instance, it's important to realize that price isn't the only thing that matters when submitting an offer.
Inventory is down 30% in the last 6 months or so. We have less homes on the market now than we did in November, which is usually a dead time for home sales, so that says a lot about the volume of buyers in our market. If you or someone you know has considered selling, now is the time to get top dollar for your home and sell quickly!
Also worth considering: all major interest rate analysts are predicting rates to rise significantly by 2016. NAR, Fannie Mae, Freddie Mac, and MBA all predicate that rates will be near 5% by the second quarter of 2016! If this busy market wasn't enough to convince you now is the time to move, rising rates should! Your affordability will take a hit if you decide to wait, plain and simple.
If you want more detailed information about where our market is heading, or if you have any questions about real estate, give us a call or shoot us an email. We would love to give you a hand!
Just about every home that is in great condition is receiving multiple offers, which is great news for sellers. Buyers, on the other hand, are often having to compete with a handful of other offers. It's a wild market, but we can help. We have the strategies to help you win the home of your dreams without having to overspend. For instance, it's important to realize that price isn't the only thing that matters when submitting an offer.
Inventory is down 30% in the last 6 months or so. We have less homes on the market now than we did in November, which is usually a dead time for home sales, so that says a lot about the volume of buyers in our market. If you or someone you know has considered selling, now is the time to get top dollar for your home and sell quickly!
Also worth considering: all major interest rate analysts are predicting rates to rise significantly by 2016. NAR, Fannie Mae, Freddie Mac, and MBA all predicate that rates will be near 5% by the second quarter of 2016! If this busy market wasn't enough to convince you now is the time to move, rising rates should! Your affordability will take a hit if you decide to wait, plain and simple.
If you want more detailed information about where our market is heading, or if you have any questions about real estate, give us a call or shoot us an email. We would love to give you a hand!
