Good News on the Home Front

by on August 12, 2009

The National Association of Realtors reported an increase of 7.1% in Pending home sales for the month of June.

This is good news on the national front. Closer to home I have spoken with several realtors, from San Francisco to San Jose and they are all reporting multiple offers and better than expected sales for June and July.

One friend reported that she had just listed a 1 Bed/1 Bath Condo, hadn’t even been able to get a sign up and already had one offer on it for over asking.

Another friend in Hayward had three offers in hand after just one weekend of showings.

If you are a buyer, now is an excellent time with interest rates at historic lows. If you are a seller, and you want your home sold at a fair market price, this is a great time as there are many first time buyers out there looking and WRITING offers!

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