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The State of Novato Real Estate Market, Now and Then
The buzz on the local market since the end of last year, although gingerly made, has been that we might have hit the bottom of the market, and are on our way to crawl out of that black hole.
As we held our breath while watching the market during the past five months, we became cautiously optimistic about the market – the Feds declared they plan to hold the interest rate down, the Congress is finding ways to encourage/enable underwater homeowners to stay in their homes, the banks are learning from their mistakes, streamlining short sale processes as well as not flooding the market with bank owned homes, inventory is also low due to homeowners being more careful and are staying put instead of trading up or down without any fear as it was during the boom time. .  
Being in the Bay Area, we are also seeing the economy getting better; the air of optimism is moving from southbay thru San Francisco (where the housing market held relatively strong during the down time); to the northbay.   Similarily, we see buyers coming from different bay areas, from out of state and from different countries.     
We witness the optimism in ... more

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