Are We Out of the Tunnel?
Well, we’ve been seeing the light at the end of the tunnel for several weeks. The question is, are we finally out? The answer, a little too soon to tell for sure, but all the signs are good.
The California Association of Realtors, our trade association, has been active since the beginning reviewing and updating our real estate activity, as seen by their members, who are involved in over 90% of all residential real estate sales in California. Their conclusion follows:
Yes, things are getting better
-Sales improving alongside forward looking indicators
-External data are also showing signs of improvement
No, it’s way too early to celebrate
-Recent sales rebounds are slowing
-Back to our age-old problem of inventory (not enough)
So what does it all mean? Simply, as is usually the case, if buying or selling made sense to you or family members several months ago, they make sense now also. Interest rates are incredibly low-the lowest in recorded history. Prices are holding up well, and in some price ranges actually increasing.
As always, we are available to assist you in making the best real estate decisions for you. Feel free to call 949-500-6365, email Frank@FrankDiLauro.com through our website www.FrankDiLauro.com Instagram FrankandSusan, or on Facebook.
