This week, Barry and Jennifer discuss the rise of Bidding Wars during home purchases, giving you the edge in the battle for your next home
We get a loan market update from Pitt Miller, where we earn that the low 3% interest rate of today is starting to slowly rise. Now is a great time to lock in this low rate! To contact Pitt, call (916) 300-0401
Barry invites you out to a local open house, 5120 Aktis Court.
The Real Talk Team discusses this amazing chart, showing the trends of prices on home over time. Based on this chart of the market pulses, volume is flat and a unique look of market timing with a chart of the California Real Estate Market Phases.
We are currently in Phase 4, with sales volume down and prices flat, leading into phase 5 with sales volume and prices down. Now may be the time to sell, IF you’re planing on doing so in the next 3 years.
A transcription for this week’s episode can be found here.