The market report for Fremont, Ca. as of 11-30-12 is going to sound a lot like the market report for the previous period. Inventory continues to be scarce. Hard to believe but inventory right now is even lower than it was a month ago.
When you hear news reports that the number of homes sold has declined from one month to the next in the current market, it is not because buyers don’t want to buy. It is because buyers cannot find anything to buy! You cannot buy what is not for sale. New home construction is up but it will be quite some time before the new homes coming on the market provide adequate inventory to meet the strong buyer demand in Fremont and all around the Bay Area.
If you can find a house to buy that meets your needs, jump on it! With prices way lower than they were a few years ago and interest rates remaining at historic lows, you will be making a good decision.
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