It is safe to say that there are conflicting reports coming from the media on a daily basis regarding the real estate market. The truth is that the housing market is definitely turning around. Why? Because there is a shortage of homes that are available for sale combined with the fact that most builders stopped building when it became evident the economy was on a downward slide. The result of the shortage is that buyers are now competing with each other, many losing out to a better offer if the home is in a good location, priced right and shows well.
Here on the Central Coast of CA, we have been experiencing this shortage ot inventory since January. What I didn't expect to find, however, was that after attending an event hosting 200 top Realtors across the country this week, almost every Realtor I met reported the same conditions in their area!
Low interest rates are fueling this new surge of buyers coming on the market as economists and lender predict a rise in rates at some point.
It's important to know that things have not returned to the
old normal. A lot has happened over the
past few years and it is important that you discuss your particular situation
with a trusted real estate advisor.
The world is not changing. It has changed already! If you are waiting for things to go back to
normal, you will miss the boat waiting for something that likely will not
happen. As usual, some change is good
and some not so good. If we want to move forward with our lives, one thing is
sure that a certain level of acceptance of the facts is necessary to operate in
the new world we live in!
Nancy Puder is the
owner and broker of Signature Properties, a prestigious real estate sales and
property management firm in Arroyo Grande, CA.
You may reach her at 805.710.2415 or email Nancy@NancyPuder.com. Website: www.SignatureProperties1.com. We
always enjoy hearing from you!
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