With the housing recovery in full swing and many other economic
indicators pointing in the right direction, it should be no surprise that rates
are trending up. The Fed's hint about easing its future purchases of mortgage
backed bonds sent rates towards 4%. However, we don't expect this to derail the
recovery. Homes are still in recovery mode and priced relatively low, employment is picking up, wages are
picking up and family creation continues.
All of these factors drive the
housing market. It is expected that rates should continue to hover near 4%
throughout 2013. That should provide some confidence for home buyers to
continue their pursuit of homeownership. The bay area real estate activity is proof
of this confidence. Pending sales in the following cities shows extreme
confidence in the entire East Bay: Pleasant Hill, Alamo, San Ramon, Danville,
Dublin, Livermore & Lafayette. Total pending sales: 450+ as of 6/19/2013 - For more information on your city or to view active listings
by zip code, please go to www.LiveMLSaccess.com
Author:Kevin Kieffer Phone: 925-300-8000 Dated: June 19th 2013 Views: 1,991 About Kevin: Kevin R. Kieffer is a Broker Associate and Realtor with Compass. His primary focus is the East Bay r...
The EastBayPro Team of Compass Real Estate consist of the following professionals: Kevin R. Kieffer, Broker Associate, Naomi T. Kieffer, GRI, Realtor, Scott & Rochelle Maher, Realtors, Realtor, Matt Rubenstein, Realtor, Ken Wilson, Realtor, Taylor Pollard, Realtor & Heather Gowdy, Realtor. This team is ranked in the top 1% of Contra Costa County and are Five Star Agents as seen in Diablo Magazine - Offices in Walnut Creek & Danville - serving communities throughout the East Bay
Home ownership is commonly associated with a sense of accomplishment a
"Kevin and Naomi were great to work with. Even though buying a house can be frustrating, they kept us motivated and always kept us up to date with current listings. They were also able to place in a home in the exact neighborhood we wanted. If I ever had to purchase a home again, I would definitely use Kevin and Naomi, and would highly recommend them to anyone looking to purchase a home."