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: 2,277 About Kevin:
Kevin R. Kieffer is a Broker Associate and Realtor with Compass. His primary focus is the East...
About Compass Real Estate DRE 01527235 Kevin R Kieffer DRE: 01330888
Kevin R Kieffer's Team at Compass Real Estate consist of the following professionals: Kevin R. Kieffer, Broker Associate DRE 01330888, Naomi T. Kieffer, GRI, Realtor DRE 01263908, Matt Rubenstein, Realtor, Taylor Pollard, Realtor DRE 01996354, James Heaton 02095396 & Heather Gowdy, Realtor DRE 01933216. 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 & Danvi lle
Compass is the only real estate brokerage brand that speaks to the nex
"Charlotte was very helpful and communicative. With the current market the process was not easy but Charlotte always did whatever she could to make us feel at ease. Her follow through on every aspect was very much appreciated."