Monday, September 7, 2009

**WOW** Silicon Valley Real Estate Is MOVING FAST

Just in case you haven't heard the News...which, by the way, is always reported after the fact,
Real Estate sales have taken a sharp turn for the better! I saw this coming months ago and warned my clients that if they intended to take advantage of the slow market and low rates, they had better hurry up and find a home.

Though it's far from a complete recovery, homes that are priced right are flying off the selves with mulitple offers. The low end is moving the fastest and homes in Silicon Valley priced under 300K are disappearing. The Interest rates are low right now but seem to be moving up and down a little faster than before the increased sales began. The fed won't need to keep them down if the increase keeps going on as fast as it is now.

Due to multiple offers, prices are rising. These price increases are not reported as they actually happen. This is due to the fact that the reporting agencies are reporting closed tansaction and since many takes 30 -45 days to close, the public is getting the notice 30 to 45 days after the fact!

My advise....Get off the fence...Stop waiting.....the bottom is already moving up.

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