Wednesday, April 2, 2008

Market is Strengthening in Santa Clara County

The home market is definitely getting stronger in parts of Silicon Valley. Tonight at the office, there were over 10 offers on a well-located, obviously well-priced home in the west valley. Also, it seems as if the buyers are calling and there is good activity - activity not seen like this for maybe 6 months. I think a lot of people put their buying decisions on pause since late in the summer last year. Now, there is a higher conforming rate, interest rates are down (maybe not on the 30) and policy changes will affect this R-word time in a positive manner. I keep saying, those who buy in 2008 will do great - only 9 more months to go!

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