Inventory decreases Values continue to Rise
30 year fixed mortgages fell in September 12 to a record low to 3.47 from 3.6. while in August rates were 4.1 percent.Total exsisting home transactions fell 1.7 %
Lawrence Yun , NAR chief economist, said the market trend is up. “Despite occasional month-to-month setbacks, we’re experiencing a genuine recovery,” he said. “More people are attempting to buy homes than are able to qualify for mortgages, and recent price increases are not deterring buyer interest. Rather, inventory shortages are limiting sales, notably in parts of the West.”
The National median home price incresed again last month making that the 7th month of continual home v
Tahoe Truckee Real Estate – SELLERS alert!!
I recently read this article. If you are thinking of selling your Tahoe or Truckee home, take heed.
Price your property correctly the first day it enters the market. THIS is a HUGE factor in getting the most money for your home. Closely analyse the statistics and let go of the thought “I need some wiggle room to negotiate” If you come out aggressively from the beginning a Buyer will feel that if they wait the property will be gone / SOLD and they will miss out on a good deal. Thus, making a more solid, and cleaner offer that a Seller will happily accept. See the link below to the aforementioned article…..
Until next time,