many are wondering if the market will "balance out" "take a little dip" or ive even heard some talk about another "bubble". For those who like to think extreme take a look at these facts and from what I see (in my opinion) there will be no huge drop and heres why: I just looked up the amount of pendings in the past 60 days. 100! Thats about two per day. Yes inventory is building up a little and there are less multiple offers and properties are sitting here and there but I believe that's pretty typical for this time of year. I'm seeing at least 50% of my sales 20% down, 25% more than 20% and another 25% all cash. This is a stable solid market. Folks are not going to walk away from their homes in my opinion for a long long long time. Buyers who are getting loans are stable documented established wage earners with money down, money in the bank and very very mindful and strategic about their financial moves in real estate.
So if theres 100 pendings in the past 60 days and 148 active listings and no more homes came on the market, thats only 90 days worth of inventory really. I believe as long as rates stay stable, economic conditions continue to improve, people make good money in the Bay Area and the population continues to expand (people making babies lol) these factors will all keep the market stable with "moderate gains" and equal negotiations between buyers and sellers more prevalent throughout the year and next.
(IMO) who really knows!
http://www.580homesales.com/
No comments:
Post a Comment