Some More Encouragement:
Once again, we have seen some statistics indicating a continuing trend of rising prices in homes. As in the recent past when we reported such information, we have to emphasize that it is not by any means a cased of prices rocketing upward. Rather, it is a trend of very gradual and small increases in prices. The trend is being felt nationally, and there are some areas that are not benefiting from the rise. However, here in the San Francisco Bay area, we are in one of those areas experiencing some of the largest gains on average of any metropolitan area in the nation.
So, where does that leave you as an individual buyer or seller. Well, if you're a buyer, you're still in great shape! Even with these rising trends, mortgage rates continue at or near historic lows, and appear likely to continue to do so at least through the 3d or 4th quarter of the year, if no longer. So homes are very affordable.
If you're a seller, while prices remain relatively low even with these recent increases, the fact that these pricing indices are climbing is encouraging news for you and valuable in helping make a decision about selling your property.
If we can help you with your decision, or anything else in real estate, please give us a call! We'd be pleased to assist.