If you have been following my blogs then you understand just what has been going on with Bay Area real estate over the last few months. Specifically a lack of inventory coupled with some decent economic news has caused many buyers to feel as if prices have hit bottom. Helping the fuel the price increases is the low interest rates that allow many buyers to lock in rates so low that they will have many investment options for their purchases in the future. I do expect inventory to increase slowly over the next month or two with a significant increase in normal resales and short sales in the spring and summer months. The bottom line here is if you are considering a sale some time in the next year or two you may want to accelerate your plans and get your home on the market while the competition is low. Contact us for a more detailed discussion about the market and how it related to your specific situation.
