U.S. HOUSING MARKET UP MORE THAN 7%

 

For MID Home Rebates

For PG&E Rebates

California Solar Initiative Rebates

 

For months, my colleagues and I have been telling home buyers to expect multiple offers on most homes on the market .The residential real estate market is still hot and we have had upwards of 20 offers on most listings that are under $170,000. However, pricing is still very affordable for the Stanislaus County area. Right now we are seeing prices increase somewhat and that is to be expected since I believe we have hit a bottom. Market prices for homes could suffer if a new rush of homes hits the market place at roughly the same time and if the government doesn't extend the first time home buyer tax credit . However, I believe we will have multiple buyers per agent in place to offset those issues. The affordability rates are among the highest in the country and right here in the Northern San Joaquin Valley, with median- income families that can afford 83% of the listings sold in Stanislaus County. Now is the right time to buy and your patience will be tested due to demand outstripping supply.