Every time I pick up the newspaper, I read conflicting reports about Real Estate. I feel it irresponsible that a newspaper one day can state a decline in the sale of homes, and the next, a leveling off of the market. As a Realtor, it is very important to my family and me what the true market trends are.
I know that a couple of things to be true there is a” Buyers" and a "Sellers" market. These conditions are dictated by Economic terms like supply and demand. We also have established times of a year that are inherently better than others to sell a home are. Between May and September is better than November and January. It seems that headlines are gotten if you can shock the public. It is a "Buyers" market but there are other contributing factors to home buying and selling. Interest rates, location, job markets, rents and consumer knowledge are some.
Riding the fence describes the future homebuyer waiting to buy a home. The first time homebuyer looks for the biggest, cheapest, lowest interest rate and best neighborhood with a view of all the city and mountains home. Realistically, I think only the likes of Donald Trump or Bill Gates are realizing those dreams. For the majority of homebuyers the fact that they are buying a home of their own should be good enough; if the home has investment potential, that is just icing on cake.
I live and work in the Walnut Creek Bay Area. I think our local conditions are completly different from those of someone two or three thousand miles away. There is no better time than the present to buy a home.
Log on to Luis@WalnutCreekHomes.com for more information.
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