Market Spotlight

What You Need to Know

For Buyers:

Power of Rates: Buying power has increased. Every 1% decrease in interest rates increases buying power by about 10%. The trick is that this applies to every buyer, increasing demand. With ultra low inventory, we are already seeing the pressure for prices to climb! Get into contract before the Spring Market and save tens if not hundreds of thousands of dollars.

For Sellers:

Early Sellers Market? A seller can wait to list, but as the competition for homes increases in the spring, you may give up your gains on their next purchase.

We are a data-driven team. Let's set up a time to talk and discuss the Silicon Valley Market in your city, your neighborhood down to your street and let's develop a strategy that meets your real estate goals.

Two big reports offset each other last week. Job creation was higher than projected, and unemployment remains low. Normally, this would push rates up.? However, the ISM Services Index, a measure of the strength of the service sector, was weaker than expected and pushed the market back down. This week could shake things up as we await the Consumer Price Index (CPI) and the Producers Price Index (PPI). Inflation may give us some direction.??

The longer rates remain flat, the more likely we will experience volatility. It is a good time to lock in the gains of the last few months. The interaction between jobs and inflation will largely dictate what happens in the next few months.