Wow, here we are mid year already. Both the stock market and the real estate market here in the Bay Area have been very solid to date. The stock market continues to set new highs and seems to be trending upward. In lieu of some Geo-political disaster affecting the market the trend seems positive. As far as the real estate sales market I sense the opposite happening here in the East Bay. In my opinion, the sales market is slowing. Market times for sales are increasing and I am seeing some price reduction ads now. Frankly, I think that is a good thing. The market was overheating quite a bit which is not good. I feel we are getting back to a more normal real estate market where good homes, priced fairly are selling and overpriced homes are not. This, frankly, avoids the wild swings and makes for a more normal market environment.
Rental market is staying solid. Good homes are still renting quickly. Rental prices have increased and there is not a lot of inventory. If you can’t or don’t want to sell your home, now is a great time to rent it. For a free evaluation of what your property will rent for please contact our office and we would be happy to assist you.
Change your furnace filter every couple of months. It will lower your energy bill. Also, PG&E will do an energy audit of your home and give you tips on how to weatherize your home and save money. Have a great summer.
John R. Perchak