Supply and demand ultimately determine the value of an. y product with homes being no exception. However this relationship is sometimes disguised as it surely is this year. The stock market, China devaluation of their currency, financial problems in Europe and war in the middle-east should all dictate a slowdown in the rise of home prices. There are less buyers out there looking for a home but as it turns out, those looking are highly motivated and buying homes. The low inventory of homes for sale has kept homes scarce and given home owners confidence to list at a higher price. Homes prices are still far below, about 10%, where they were at the peak of the market. There are now many more people in need of a home as there have been many new families started since the recession. Many single people, especially females, are buying homes knowing that ownership is much smarter than renting. We should be in a rising market for many years to come. A high priced home today could be a steal in just six more months. Would you like to discuss selling or buying a home? Call, Text or Email us. We will share our knowledge and expertise with you even if you are not working with us. You see, we get by giving.
Your Friends & Realtor,
Tony & Dani Lewis RE/MAX of Valencia
Call/Text - 661-510-7975