San Francisco Bay Area the place where you need to buy your home
At the beginning of this new year like any other professionals, like a Realtor in San Francisco Bay Area I’m seeking for the lead indicators on the economy to try forecasting where the real estate industry is heading this year.
Lawrence Yun, National Association of Realtor’s chief economist, said in a statement, “Modest gains in the labor market and the improving economy are creating a more favorable backdrop for buyers, allowing them to take advantage of excellent housing affordability conditions. Mortgage rates should rise only modestly in the months ahead, so we’ll continue to see a favorable environment for buyers with good credit.”
Based on these premises, in its newest real estate and economic forecast, the National Association of Realtors anticipates that sales of existing homes, following falling 4.8 percent in 2010, will rise 7.9 percent this year, to 5.3 million, and another 4.5 percent in 2012, to 5.53 million.
After Bay Area sales declined for four with the five previous months, numbers showed an uptick in December, having a month-over-month increase in five of six Bay Area counties. But compared to December 2009, after a first-time home-buyer credit score was in full effect, sales were even now light – as any Realtor in san Francisco Bay Area saw last month.
And these statistics are just statistics, meaning representations of averages more than time periods and places aggregated in areas. What is definitely relevant to your homebuyer or seller could be the specific facts about an unique location, a “spot” on a map wherever he or she wants to live. Online anyone can discover these kinds of a wealth of info about some thing one can imagine, including Genuine Estate information. But all this details will amplify the question marks like “is the housing industry stable now, right after the large crash Three many years ago?” or “are the prices of houses heading to rise as the economy is picking up?” or… let’s say ” is it the proper time to purchase now, or must I wait and rent for a couple much more years?”
As realtor in San Francisco Bay Area I will give you the proper answers to all these questions and much more, via my periodical newsletters and reports, or specific facts observed on my internet site and via my market trends report over a newest marketplace workout directly in the MLS, sent to you by email.
To assist your household research turn into much more productive, visit often my Realtor in San Francisco Bay Area website www.erealtyone.com. You’ll find many very good tools – like live industry updates, look for new listings for sale and neighborhood information, understand more about the place in the San Francisco Bay Area in which you want to buy your home. I’ll work diligently on your behalf to try and do your transaction in the most advantageous terms for you and with less stress and time consuming activities related to household research and property buying.
After these almost 3 years of stagnant sales in the San Francisco Bay Area, this beginning with the year shows signs of genuine estate sales rebounding, although costs continue to stay flat. NAR expects that 30-year-fixed mortgage rates will average 5.1 percent this year, up from 4.7 percent in 2010, and rise to 5.9 percent in 2012.
Right now, if you’re planning to own a home here in the Bay Area is a great time. Start your researches from Realtor San Francisco Bay Area – Realtor San Francisco Peninsula site.
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