Recent Mercury News Article Shows its a Great Time for Buyers!

Check out this recent article in the Mercury News which discusses the recent trends in the Bay Areal real estate market. (Bay Area Homes Sales Below Average, Price Growth Slows). While its hard to say whether its a seasonal phenomenon or a market trend in the Bay Area, anecdotally, we have been seeing home sales slow down for the past few months. What we do know is the slow down has created an opportunity for many buyers in the market to purchase without all the competition. If you are considering a purchase, now is the time while other buyers are taking a break for the holidays!

Tips for Selling Your Home in the Fall

Summer has ended, the weather is cooling, leaves are changing and, you may be surprised to learn, homebuyers are out in force. Autumn is a popular time for corporations to relocate associates – creating a pool of buyers who need to make quick decisions about housing. They’re serious about purchasing and, with fewer houses on the market this time of year, your house may soon be getting more attention. What can you do to make sure your home sells before all the leaves fall off the trees? Here are a few helpful tips:

Highlight the location. Bring the benefits of your location front and center. Establish a list of perks that your property offers, such as proximity to public transportation, schools, shopping, recreation or entertainment. Continue reading “Tips for Selling Your Home in the Fall”

Housing Outlook for 2014: Steady Sales and Higher Prices

Want to get an idea where the real estate market is headed in 2014? Check out this recent article (Housing Outlook for 2014: Steady Sales and Higher Prices) which discusses the speculations of NAR®’s Chief Economist Lawrence Yun who forecasts existing home sales to hold fairly even in 2014 and the median sale price of homes to increase nearly 6% with inventory shortages being felt again this year.

Meanwhile, the Kiplinger Letter, in its annual economic forecast issue, calls for a 4% increase in existing home sales. The publication says new home sales are likely to jump about 16% next year after soaring 36% in 2013 and 20% in 2012.

That’s great news for sellers again this year and means that buyers may breathe a little easier in the search for a home with a slight increase in inventory.

If you have questions about the market and are considering a move in the new year, give me a call today to discuss your options!

 

Bay Area Calender of Events for May

Looking for something to do this month? Take a look at this calender of events for our local area to help you get out and enjoy the beautiful weather!  May 2013 Events Calendar

As always, feel free to call me for all your real estate related needs! Happy Spring!

Nicole