2010 is the year!

Real Estate Agent with Compass 01271748

Wow what a start!  While usually January is a sleeper month, not this year!! Buyers were out there anxiously waiting more inventory to hit the market and ready to jump on the somewhat perfect house out of desperation.  My business is booming and I hear that most agents are in the same boat, at least in the East Bay (Contra Costa and Alamdeda counties).  We saw a little bit of a lull from buyers afterwards waiting to see what else would come up and frankly nothing is coming up! There are only 5 homes total for sale in Albany and barely anymore in Berkeley!!  Those that come up do sell fairly fast unless they are way overpriced and the sellers are stubborn, not listening to the market speak.  I see from my pipeline and hear from others that spring will be very busy with lots of inventory waiting to make their grand entrance.  A lot of people are trying to time the tax credit deadline by getting their house ready in March for an April 1st market time.  I would frankly be surprised if the tax credit disappeared and interest rates increased as that could be lethal for the real estate market.  Any opinion?  Maybe one or the other but not both at the same time would make more sense so we can ease into it...

Comments (3)

Ralph Gorgoglione
Maui Life Homes / Metro Life Homes - Kihei, HI
Hawaii and California Real Estate (310) 497-9407

Same here.

I think the Los Angeles area definitely has some hot pockets this year.

Mar 03, 2010 01:10 AM
Loreena and Michael Yeo
3:16 team REALTY ~ Locally-owned Prosper TX Real Estate Co. - Prosper, TX
Real Estate Agents

It's the same here for me also. I'm not stopping or slowing down anytime soon.

Mar 03, 2010 01:16 AM
Mike Young
203kOnLine.com, covering the USA - Las Vegas, NV
FHA 203k Consultant 916-758-1809

Turns out you were right for us as well. 

Oct 17, 2010 12:35 PM