Monday, November 5, 2012

2011 vs 2012... 2012 wins.

2011 vs 2012...  

2012 has been a year marked by multiple offers, competitive bids, and rising prices. A seller’s market for sure.
The economy in the Valley is definitely a factor to this situation, as is the lack of inventory – too few homes for sale. There are some short sales and foreclosures, as expected and -alas- promised for the past 2 years. However they are absorbed by a strong pool of buyers, either individuals or investors, who believe in the health and future of real estate in the Silicon Valley.

There is definitely a different trend towards the end of the year, as compared with last year, as evidenced by these graphs that I just made – below we see what last year’s trend was towards the end of the year, and what it is pointing to right now, in 2012:

Thanks for reading!

Current Mortgage rates

A non-profit worth of praise: Habitat for Humanity

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