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Now that Spring is finally here (and summer's just around the corner), more families are beginning to consider making a move.  Mortgage rates are still in a state of flux but are tending to steadily increase in the long run due to concerns about inflation.  The high-appreciation period that we experienced over the last few years has ended and we're now looking at a more normal 2 - 3% per year.  There are still some overpriced homes on the market, but if the sellers are serious about making a move, they'll need to finally realize the boom market is over and they need to adjust their price accordingly.  Housing inventories are still very high meaning there are quite a few homes on the market from which to choose.  This makes it easier on buyers because they can make a decision based on comparison and they're not rushed into that decision by the mutlitple offers we were seeing over the last couple years.  Remember that the value of a home is decided by the market as the price an educated buyer is willing to pay and an educated seller is willing to accept when neither is forced into a decision.
 

2 Comments on El Dorado County Housing Market Trend for May 2007

THIS POST IS IN THE WRONG CATEGORY.  Please refer to the following post  Should I post to Professional, Consumer or Both for guidelines to posting your posts.  Please correct or the moderators will remove your post from view.

05/04/2007 04:37 PM by Jeff Belonger -- The FHA Expert.com -- FHA Loans -- FHA mortgages -- Mortgages (Infinity Home Mortgage Company, Inc)


What is wrong with this post?  You say it is in the wrong category.  What are you talking about.  I'm in El Dorado County California and I'm providing my opinion of what's happening in the area.  How is this any different from what you do?

05/04/2007 05:25 PM by El Dorado County Relocation, Inc.


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Real Estate Brokerage: El Dorado County Relocation, Inc.
Gary Stout
Cameron Park, CA
More about me…
El Dorado County Relocation, Inc.

Office Phone: (877) 497-8688
Cell Phone: (530) 417-1259
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