March 10, 2017 | Mac Rogers
Housing Market Expected to “Spring Forward” | Simplifying The Market

Sometimes I feel like its groundhog day everyday for the real estate market. Almost every year fro the last 7 years, the news about real estate has been the same. We continue to see price appreciation. This is after year over year of double digit gains.

Here' in the east bay cities of Castro Valley, Hayward, San Leandro, San Lorenzo, Oakland, Dublin etc, there is no signs of a slow down. Mainly it's because of both buyers and sellers. There are just too many buyers out there and there's not enough sellers.

Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market.
Many potential sellers believe that waiting until Spring is in their best interest, and traditionally they would have been right.
Buyer demand has seasonality to it, which usually falls off in the winter months, especially in areas of the country impacted by arctic temperatures and conditions.

That hasn’t happened this year.

Demand for housing has remained strong as mortgage rates have remained near historic lows.
The National Association of Realtors (NAR) recently reported that the top 10 dates sellers listed their homes in 2016 all fell in April, May or June.
Those who act quickly and list now could benefit greatly from additional exposure to buyers prior to a flood of more competition coming to market in the next few months.

Bottom Line

If you are planning on selling your home in 2017, let’s get together to evaluate the opportunities in our market.


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