It's always a good idea for real estate professionals to spend a little time each week browsing the state of real estate in other parts of the country. It helps shape your own personal views on where things have been and where they might be going.
A few links that caught my eye this morning...
- San Francisco: Bay Area homes sales up 6.6% in September as prices fall
- Maui: Maui County single-family home sales rise 20%, condo sales fall 22%
- Seattle: Jumbo loans may weigh on Puget Sound home sales
Things are selling but prices are easing down from 12 months ago. Personally, I think it's going to take 3% 30 year fixed rates for at least half a year to get this housing market really moving.
Have a great week folks. Interest rates inched up last week. This Monday morning is starting off with a slight improvement but we have a way to go to get back to the record lows seen two weeks ago.
We'll post an economic report tomorrow. As always if you have any questions, give us a holler at 970.455.4131. ~ JB