Wednesday, November 29, 2006
The calm before the real estate storm?
Real estate markets tend to take breathers, then they come back with a vengeance. This year has been a year of transition. Higher interest rates have pulled the steam out of the local housing market. This overshadowed the very real job growth that has been continuing in Silicon Valley. Now we're in the holiday season and shopping for presents takes precedent over shopping for housing. But once we get past Superbowl Sunday, the market will start cooking again. Suggestion: if you're thinking about buying: Do it NOW!!! We just passed our inventory peak of the year and sellers are somewhat frustrated. This will change dramatically over the next two months. In the spring expect another Silicon Valley real estate run.