Good Time to Buy, Sell or Refi
As everyone knows, the real estate market is in the doldrums; however, several factors indicate a current opportunity for both buyers and sellers. Interest rates fell for the third week in a row to an average of 5.14%, great news for buyers and those who wish to refinance. This is not the lowest ever (4.78%), but really close and worth serious consideration.
Inventory of properties for sale in the East Bay is down drastically from a year ago. This is a wonderful chance for sellers of well-priced homes to garner fast offers and, possibly, multiple bids. Things are constantly in flux, and the current confluence of events could change quickly.