If you’re buying a home, you are probably wondering how to navigate the real estate market in the bay area right now. The answer to that question depends on where you’re located in the region, the type of real estate that you’re buying, and other factors. However, the East Bay real estate mid-market analysis shows that home sales are down, and interest rates tend to be lower than usual. Here are some things to consider…
Interest Rates and Home Prices are Down
If you’re able to find a home that offers what you’re looking for, it could be a perfect buyer’s market for you. Not only are home prices down due to fewer purchases and a stalled economy, but interest rates are also quite low. This can allow you to get an affordable deal on a new home.
Time to Invest in Pleasant Hill Real Estate?
Pleasant Hill real estate might be an excellent investment right now due to the fact that prices have taken a downturn. Also, the fact that mortgage rates are lower than usual at the moment could make homeownership more affordable. Similarly, it could allow you to later sell for a higher profit margin.
If that’s your goal, our team can help you secure the best possible deal on your Pleasant Hill real estate investment, and guide you in choosing a property that’s likely to gain in value over the years.
The Changing Market
Due to the pandemic, there are fewer people selling their homes at the moment. So, while it is possible to get a good deal on a new home, there may be fewer options to choose from when it comes to Pleasant Hill real estate.
A Pleasant Hill Realtor
The Laura Wucher Real Estate Team is exceptionally experienced in the Bay Area market, which means you can count on us to help you find the best deals. Take a look at our online listings, or give us a call at (925) 595-8047.