Lots of inventory right now at entry level pricing.How long will it last? Average price in Tracy for a newer 4 bdrm 3 bth 2000+ sq ft is $350K. This is right under FHA loan amout guidelines & under the jumbo loan amount limit of $417k. What does this mean? Lots of demand & killer interest rates for buyers on anything under these price ranges.steveshomesearch.com Get the good deals while they last. Inventory will eventually tighten up. Tracy & Mountain House homes under these price ranges are moving, I dont care what the news says. I am living it!The prices have come down enough now that the affordability gap is widening causing suppy & demand to tighten on entry level homes under $362 & $417. Congress is now working on raising jumbo loan amount to $625!!! If this happens it will creat a whole new demand on everything under $625!! Again inventory will tighten. Also eventually the REO's & short sales will dry up & booommm we;ll be in a normal market again prices will flatten & that will for sure be our bottom...remember less inventory, more demand, more demand higher prices...steveshomesearch.com
If you would like some help with buying a home in the Livermore, Tracy, Mountain House area I am available at your request. If you are pre-approved or need to get pre-approved let me know. If you would like to schedule a time to get inside homes or like me to send you listings via email,no problem. Just contact me with address of homes you want to see from your list or pick from mine & I will set everything up. I will meet you at houses, get you inside & handle everything for you. I will need to see your pre-approval letter & you will need to have deposit check for 1% of purchase price at time of offer submit.Let me know what your needs are & how I can best help you. Lets get you into a home in 2008! steve eveleth steveshomesearch.com 925-487-2246 info@steveshomesearch.com
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