The Associated Press reports that from purchases and prices to builder sentiment, we’re seeing consistent gains for the first time in years.
New home sales and price indexes have reached multi-year highs and builders are more confident than any other time in over 6 years. There is no question we have a long way to go to get back the loss in values seen in that time, but for now the housing market is helping to prop up the economy, not hurt it.
A key factor influencing the gains is a strengthening economy which means more people looking for homes. At the same time, fewer homes are for sale than normal and that low supply is helping push up prices.
The graph above shows the situation in San Ramon at the end of October. There were only 29 homes for sale vs. 180 in October 2011! No wonder it’s hard to find a home in San Ramon and harder yet to get an offer accepted. There is just so much competition.
In this kind of market it is imperative to work with a seasoned Realtor who lives and works in San Ramon and really knows the ins and outs of the real estate scene. I have an insider’s view of the market, and know not only what is currently on the market, but what may be coming to market as well. You can’t beat this combination of knowledge and experience. Give me a call now if you are looking to buy or sell in San Ramon! You’ll be glad you did.