Bay Area Homes Silicon Valley

Check this out ... Should I Buy Now or Wait? [INFOGRAPHIC] If you’re thinking that waiting a year or two to purchase a home might mean you’ll save some money, think again. Mortgage interest rates are currently very low, but experts across the board are forecasting increases in both home prices and interest rates. Buying a home now means you’ll spend less in the long run. DM me to put your plans in motion before home prices and mortgage rates climb even higher.... #realestate #homeownership #homebuying #realestategoals BayAreaRealtyGroup.com

Check this out ... Is Home Price Appreciation Accelerating Again? At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year. The thinking was that inventory would increase from record-low levels and put an end to the bidding wars that have driven home prices up over the past twelve months. However, that increase in inventory has yet to materialize. The National Association of Realtor...s (NAR) reports that there are currently 410,000 fewer single-family homes available for sale than there were at this time last year. This has forced those who made appreciation forecasts this past January to amend those projections. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, the National Association of Realtors, and Zelman & Associates have all adjusted their numbers upward after reviewing first... #expertanswers #purchasingpower #buyingpower BayAreaRealtyGroup.com

Check this out ... Patience Is the Key to Buying a Home This Year The question many homebuyers are facing this year is, Why is it so hard to find a house? We’re in the ultimate sellers’ market, which means real estate is ultra-competitive for buyers right now. The National Association of Realtors (NAR) notes homes are getting an average of 4.8 offers per sale, and that number keeps rising. Why? It’s because there are so few houses for sale.... While many homeowners paused their plans to sell during the height of the pandemic, this isn’t the main cause of today’s huge gap between supply and demand. Sam Khater, Vice President and Chief Economist at Freddie Mac, Economic Housing and Research Division, shares, The main driver of the housing shortfall has been the long-term decline in the construction of single-family homes . . . That decline has resulted in the... #realestate #homeownership #homebuying #realestategoals BayAreaRealtyGroup.com