areaexpertagent-blog

[areaexpertagent-blog]

Bay area real estate market insight

There is no meltdown in real estate markets, it is just price cooling. The real estate market boom is cooling off and prices are stabilizing. Price increase will be slow but there will be no crash. The economic indicators are still strong, and new constructions is abundant.  The bay area real estate market is still hot and different than the rest of the US. I believe that sellers should list their homes if they have been dueling on doing it, and buyers should start looking for a home as there are options, the inventory is larger than before and they can buy at a reasonable price. It is best to start building equity as the market direction is unknown. The ups and downs are normal but the peak and the bottom are hard to predict.

[areaexpertagent-blog]

It is time to buy a new home

It is a great time to start building equity if you are a first time home buyer or have been thinking about upgrading to a home that has more of the nice to have features. The inventory of houses for sale is larger, therefore there are more options available for buyers and the sales prices leveled off. Some sellers even lowered their properties’ prices. In addition, the bidding wars for houses are less frequent and you are less likely to walk away from a submitted offer.