Wednesday, April 2, 2008
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!