Where is this Real Estate Market Headed? That is the hottest topic in Real Estate today!
I just found a great article keepingcurrentmatters.com – that took several surveys to give us something to chew on. The below image takes those surveys and shows us some different values.
It is interesting to see the forecast for each model. Just know Real Estate goes up and down, we’ve reached our 10 years mark since the crash – we’ve seen massive market healing but now – are we at the top?
Real Estate has and always will be a long term investment. It goes up and down over the years. Yes, in hot markets it feels like you can buy and flip in two weeks but that market is in the past now. For most of 2019 and staring in Fall of 2018 – The Caton Team saw a change in the market. Here on the San Francisco Peninsula – we are in a Buyers Market! Now – let’s be real – well priced homes, in good areas are going to warranty more actively. I hosted a well priced duplex this weekend and they have an offer date set after four days on the market. It’s the first offer date I’ve seen in a while. But that price and location – makes it a hot market.
However, as hot as new listings are – don’t forget to look at older inventory. If a home is on the market over the Fall and Holidays it is because it has to sell – giving buyers a great opportunity.
So where is the market going? How about we ask you a different question? Where are you going? Do you want to make Silicon Valley your home? Do you work here, love what you do and want to earn some equity instead of wasting money on rent? Do you think prices are so high – you can’t buy – have you considered house hacks or co-investing. If you see the vaule if Real Estate no matter where we are in the Real Estate High Low cycle – then you know – now is a great time to buy.
With so much conflicting information out there, making the right decision can be daunting. If you have some questions or just want to bounce around idea – give The Caton Team a call. We’re not here to sell you a house – but we are here to help you invest in your future.
I read this article at: keepingcurrentmatters.com
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