What the Market Means

For the Sellers:

Rising prices are the homeowner’s friend. CoreLogic recently reported:

With demand strong and inventory thin, the share of homes selling for the list price or more has also returned to pre-bust levels. With inventory tight, homes are more likely to sell above the asking price.

For the Buyers:

When prices are rising, buyers should take into account the cost of waiting.

Obviously, they will pay more for the same house later this year. Also, as Construction Dive reports, the amounts of cash necessary to buy a home will also increase.

These factors have created a situation where the market keeps moving the goalposts in terms of the down payment necessary for first-time homebuyers to get into a home.

What to do?

If you’re thinking of selling and moving down, waiting might make sense. If you are a first time buyer or a seller thinking of moving up, waiting probably doesn’t make sense.

What does make sense though is contacting us, like so many others in Silicon Valley are doing, and letting Skyrise Real Estate Group help you quickly close the deal that will make you happy today.

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