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interest rates: History of Home Prices and Interest Rates - 02/08/10 05:13 PM
I couldn't wait to see what the graph looked like this year as 2009 was a down year for home prices across the country. In normal markets, when interest rates are low (see history of interest rate chart below), home prices normally increase. Even at the previous historic low in 1963 rates were around 6%. Last year they averaged just under 5%. The government has kept interest rates artificially low. There is always a price to pay when the government interferes in the markets. Unintended consequences can be expected later this year and in future years.
Here are the actual percentage decreases in home … (2 comments)

interest rates: Is it time to buy a home yet? - 02/08/09 05:07 PM
Last year was a slow one for real estate sales but it did start picking up towards the end of the year when buyers started realizing that homes were now affordable. Lot's of bank owned properties being sold 50% less than they sold for just a couple of years ago. If fact, everyone of the homes I sold last year were bank owned, REO properties.
We just went pending on a seller owned COOP I had listed in the Rossmoor retirement community back in 2007 for $180,000, but did not get any offers. We rented it out for one year then … (2 comments)

 

Gene Ward

Danville, CA

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Area Pro Realty NorCal

Address: 425 El Pintado Road, Suite 170, Danville, CA, 94526

Office Phone: (925) 552-1222

Cell Phone: (925) 890-6278

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Information and real estate market statistics for Alamo, CA. An inside look into the truth about real estate. How to find the right properties and negotiate the best deals. Real Estate professionals of Area Pr Reaty NorCal.


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