Market Update - low rates and prices moving homes in Bay area.
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For those of you sitting on the fence waiting for a bargain the time to call your Realtor may be now. The graphs below clearly show a dramatic decrease in Bay area home inventories combined with a marked increase in sales and pending contracts. You will also note, in the bottom graph after the 2008 free-fall, a 2nd quarter increase in median home prices. While I wouldn't anticipate any big appreciation, for the next couple of years, this is a strong indicator we may finally be seeing home values stabilize. We may even be witnessing a modest rebound as people rush to take advantage of subsidized low rates, (in the 5's), gov't bail-out incentives for banks to move foreclosures and first-time home-buyers tax credits through November. Good luck out there! Call me if I can help. Tick Tock! Scott
Hillsborough, Pinellas & Pasco Counties - Mid Florida MLS Board (Tampa Region)
This information is a combination of both single family homes and condos.
ScottBSimons
Scott B. Simons
Principal Representative
Simons & Leoni Home Loans, LLC
3902 Henderson Blvd., Ste 200, Tampa, FL. 33629
ph. 813.258.6767 ext. 27 fx. 813.258.6760
www.SLHomeloans.com
