I am not one of profound wisdom, but I am hearing some positive signs of real estate making a turn around, a turn around for the better! Basically, the thinking goes like this, "Hmmm, real estate values are down, not only do I still have my job but I have some cash sitting around, and rates are very low - and may not go lower. So maybe I will stop renting and buy a place (or pick up that non-owner occupied property, or that vacation home), or at least see what is out there." The market will tell you that at some price, there is a buyer for everything.
San Francisco, the San Mateo Peninsula, East Bay and South Bay are experiencing a surge in homebuyers who are jumping off the fence to try and get their hands on property that they could have only wished they could afford a few years ago. Check out the news link below to see what I'm talking about!
http://cbs5.com/business/real.estate.sales.2.956968.html
Here's another example:
San Bruno 2 bedroom/ 1 bath
Listed at $344,900 just went pending with approximately 20 offers!!
Comments(0)