Top Ten Reasons to be Optimistic About Buying a Home

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Top Ten Reasons

The California Association of Realtors (CAR) just published the Top Ten Reasons to be Optimistic about buying a home. CAR provides its members with lots of research data on the real estate sales market and the trends around the state.  It looks like California is well on the road to housing recovery.  According to the S&P Case Shelling Home Price Indices (Click Here to see the report).  The three largest real estate markets in California have all shown double digit appreciation over the past year.  This is primarily due to high demand, low inventory, and low interest rates.  The cautionary tale is that we have seen a recent increase in the interest rates which may knock some buyers out of the market.  If this trend continues we will see a leveling off of appreciation, but for now it remains a very good time to purchase a home.

Your questions and comments are always welcome.

Larry D. Smyth

Broker/Owner

Farrell Smyth, Inc.

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