FHA Loan Changes
2010 East Bay Real Estate Update: Smart Sellers Are On The Market NOW!
February 3, 2010 by Jim Walberg · 2 Comments
If you are a Buyer have you noticed that there are not many houses currently on the market in the East Bay? Inventory is at one of it’s lowest levels in the last twelve months. And, those houses that are on the market are not that spectacular. What typically happens in the yearly real estate cycles is that January has one of the lowest months of inventory, AND there are many Buyers who want to buy homes. In addition, there are several other factors that are highly motivating Buyers – buyer tax incentives until April 30th, and the expectation of mortgage interest rates rising all the way through 2010. The Buyers are absolutely correct regarding those buying factors! SO…if I was a Seller, knowing what I know about real estate trends and the 2010 market, I would get my home ready for sale right NOW! The best prepared homes that are in turn key condition, and are priced at current market rates will get the highest prices that will be achieved in 2010! Read more
