April is a pivotal month in real estate. Families start making plans to move over the summer months, and historically, from April through mid July, the rush is on.
Here is a look at what has been happening in the market in recent months:
- Real estate across the nation was affected in March by unseasonably bad weather coupled with international tragedy.
- Nationwide, existing home sales fell in February following three straight monthly increases.
- San Mateo County existing home sales in February for single family homes were up 1% while condos and townhomes were down 4%.
- All-cash sales were a record 33% in February and investors accounted for 19% of those sales. The balance of home sales was from first-time homebuyers or repeat buyers.
Lawrence Yun, the chief economist for the National Association of Realtors, observes that, “housing affordability is at record levels and the economy is improving. Still, home sales are being constrained by unnecessarily tight credit and appraisals that do not reflect rising prices. This tug and pull is causing a gradual but uneven recovery.”
There are many great deals now. A prequalified buyer can reap substantial rewards. Let me know if you would like an introduction to a mortgage professional. If you need to sell first, we will work closely together to prepare your home to garner top dollar.
I have three scheduled Home Buying Seminars for April and May.
Sat April 2 from 11-12:30pm
Thur April 28th from 6-7:30pm
Sat May 21st from 11-12:30pm
To RSVP or to learn more details go to the event websitePost by:
Aimee Snodgrass Klarich
Alain Pinel Realtors- Burlingame
www.AimeeKlarich.com
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