Watch the video down below…
Thomas Jackson Redlands Real Estate Guy Cal BRE 01444187
Redlands Orange St Alley Walkthrough along with some information about the Redlands Real Estate Market Trend.
I wanted to share some valuable information about the real estate market. Even if you’re not thinking about buying or selling this year, the real estate market can affect the value of your home.
Now, I understand that we are only one month into the new year, but there are few market trends that we’ve seen in the first month:
Home prices and values are on the rise! According to The National Association of Realtors, the average sales price of a home went up in December by 5.8 percent from the previous year, marking the 70th straight month of year-over-year gains. The good news is it doesn’t appear that they’ll be changing direction any time soon. If you’ve been thinking about selling, it’s an incredible time to act.
One of the leading factors of home values increasing is the lack of homes for sale on the market. December saw the amount of homes on the market fall again – that’s 31 months in a row across the nation. Sometimes this can be a motivator for making a housing change, but sometimes it’s nice just to know where your home falls. I can run those numbers for you any time. Send me a note if you’d like to do this.
I’m also watching interest rates. Industry experts are predicting that rates will creep up as the year goes on; they won’t jump up to historic levels, but expect an uptick throughout the year. We don’t have a crystal ball, so the exact numbers are tough to come by. If you’re buying, thinking about refinancing, or considering an equity loan this year, I’d suggest acting early. If you are thinking about selling and want to know exactly how your home will stand up in this market, I would love to go into more detail and offer a free comparative market analysis. Reply to this email or give me a call to schedule your appointment.
Cal BRE# 01444187
951-232-9704 http://www.RedlandsRealEstateGuy.com – Redlands houses for Sale.
Redlands’ Orange Street alley adorned with colorful umbrellas