Northern California Markets Reaching Equilibrium?

By
Mortgage and Lending with Primary Residential Mortgage Inc. NMLS 3094 NMLS # 260747

In my marketing area, Ukiah, CA. or Mendocino County, business seems to have slowed a bit this summer. Maybe its just that time of year as it was the same last summer. Or, are the markets getting to the point where the price appreciation has made it more difficult for the buyers to qualify? Or perhaps its not longer cheaper to purchase then rent? I believe that the latter will slow things down.

 

In 2010/2011, one could argue that the cost of renting was more then purchasing a home so why not buy? I dont think we can say the same thing any longer at least not North of the Golden Gate bridge.

 

Very interested in knowing how other real estate markets are doing? 

Posted by

Rick Costa

rcosta@bayeq.com

707-981-7349

www.rickcostamortgage.com

@rickcostamortg

 

 

NMLS # 260747 Representing Bay Equity Home Loans NMLS # 76988

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Rick Costa

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Doing the hard to get done loan!
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