Naturally as real estate professionals, we are continually asked how our local real estate market is doing?
To the surprise of many, it’s doing great!
Here are our 7 reasons why it’s a great market here in the Tri-Valley.
Number one. Interest rates remain are extremely low and are expected to stay that way for a prolonged period of time.
Number two. The banks have money to lend and are lending it.
Number three. Prices, for the most part are incredibly low compared to prices not that long ago.
Number four. Inventory is incredibly low … and each of these factors creates demand in the marketplace. When demand is created, things start to happen.
Number five. There is a tremendous number of buyers in the market because of the above four points.
Number six. Appraisers are playing nice for the first time in a long time.
Number seven. There is a national election coming up the end of 2012 and in most cases whenever there is a national election, everything starts to percolate and get better in the economy.
Soooo… there you have it, our 7 reasons why it’s a great market for both sellers and buyers.