Livermore home buyer trends

The average Livermore home in the entry level price range in still averaging about 60 days on the market. About 70% of all homes sold in Livermore are under 600K. (steveshomesearch.com) this tells me that homes in the mid to high price range are either out of reach for the market of buyers buying right now, or the people that can afford the higher end homes are waiting on the fence to see what the market will do, or there may be a bigger inventory of available entry level homes too... Another theory is most of the people buying right now are not buying because they think it may or may not be "the right time" they buy because they have to buy....or rent. With family's expanding, people getting married, family wanting to be close to each other, weighing out tax advantages rent/verses own..... if they choose to rent they have no tax breaks, live under the thumb of the big bad wolf landlord, are not in a position to ride the next equity waves when it hits. Most everyone knows the advantages to buying. There are enough rescores out there that anyone that is remotely able to buy and gives it any half ass attempt will know weather they can or not pretty quickly. I say this only because its not hard these days to find out if you qualify for a loan unless you don't own a phone, tv, talk to friends or family members or come in contact with the ever so abundant population of loan agents and realtors on every corner....www.StevesHomeSearch.com Steve Eveleth Every time rates drop it widens the gap of first time buyers in the Livermore real estate market that can now purchase a home.
Now about interest rates, if history dictates the coming months ahead, I am hoping for some rate decreases coming in the next couple months. As long as inflation does not get out of control. In order for inflation to stay under control, gas prices need to remain stable...or drop....what does gas prices have to do with inflation? Simple. It costs the retailors more to get the product to them, so they pass that cost on to you...you know who we can thank for that? That's right Mr Bush! Did you know that most of his money is invested in oil stocks? Do you think he is worried about the price of gas???Hell no, every time he fills up he is just reinvesting his money in his own pocket!!!! OK im ganna get crazy here...time to stop, besides im way off the subject.... http://www.steveshomesearch.com/ Steve Eveleth