Update on the Bay Area Housing Market, Summer 2007
It promises to be another exciting summer for the housing market in the Bay Area.
The housing market is holding strong in the Bay Area with multiple offers coming in on homes. This is despite the doomsday specialists' warning of prices that have fallen or will fall.
Areas that are holding their home values include Cupertino, Saratoga, Campbell, West San Jose, Willow Glen & Sunnyvale. Areas where home prices are a little soft include South San Jose, Blossom Hill, & Central San Jose.
The mortgage rates have risen from their all-time 30-year lows to about 6.5%. Homes that are priced and marketed right sell right away. These are not the homes that tend to sit on the market.
If you would like more information on your specific area, call Sue @ 408-835-3330 or email at sue@bosehomes.com
The housing market is holding strong in the Bay Area with multiple offers coming in on homes. This is despite the doomsday specialists' warning of prices that have fallen or will fall.
Areas that are holding their home values include Cupertino, Saratoga, Campbell, West San Jose, Willow Glen & Sunnyvale. Areas where home prices are a little soft include South San Jose, Blossom Hill, & Central San Jose.
The mortgage rates have risen from their all-time 30-year lows to about 6.5%. Homes that are priced and marketed right sell right away. These are not the homes that tend to sit on the market.
If you would like more information on your specific area, call Sue @ 408-835-3330 or email at sue@bosehomes.com
Labels: Summer 2007
posted by RealtorSue at 11:01 AM
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