I can't understand the media who contiually puts our negative comments about the market. Yes, it is different but why does that make it bad. Living in Northern California in the heart of Silicon Valley, I wonder where the rescission is. My wife and I went out to dinner last monday night and had to wait for a table. This is a wonderful time to buy. I just wish I was in the market right now. Prices have softened (slightly), rates are low and sellers are open to better offers (e.g. making some repairs, etc) What more could a buyer ask for. Will they wait until prices go up, and at the same time interest rates.
Here is the real answer. If you live in an area that you think people want to live in and you expect that employment will continue, then real estate is always a good investment. In northern California, we are in the heart o Silicon Valley. It is the center of technology and will continue for a long time. Also, it is gorgeous here and the weather is fabulour.
Agents are always telling me that it isn't there place to tell the clients what they think. I believe that agents should always tell the clients the truth. And, if they believe that it is time to buy, then they should sell a little harder. years from now, the clients will thank them.
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