S.F. Real Estate Rebounding?
Finally!!! Some good, accurate real estate news instead of the same old downer misrepresentation of our S.F. real estate market. Don’t get me wrong, the numbers do show that sales volume is down and there is some price softening occurring.
Personally, I know that my buyers have been losing out to all cash buyers on properties that are receiving multiple offers. Even with underpricing which will generate multiple offers there are a number of buyers out there vying for the same properties. When properties are going multiple there isn’t the crazy out bidding by $50K-150K+ that we had been seeing in the crazy days.
Just a reminder that the media uses broad brush strokes to represent the market. There are several micro-markets that are doing well & the statistics need to be drilled down by neighborhood to get an accurate picture of market dynamics.
There are finally some buying opportunities as well allowing buyers to jump into the market. FHA loans are also offering another opportunity for buyers to get into the market. We have that perfect combination of extremely low interest rates, inventory, and fewer qualified buyers. If you have job stability and the numbers make sense, this could be the perfect time for you to become a homeowner!
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