I can’t believe it’s been over 3 years since I’ve managed to do a blog entry. Does anyone really read blogs anymore? Thankfully, it’s been a busy and eventful 3 years both personally and professionally. I’m a bit rusty, but I hope to continue what I’ve started here in keeping anyone who’s interested in So Cal Real Estate as informed as I can…
So what’s new?
My last post was related to the historically low interest rates we experienced back in the summer of 2016. It’s been quite a rollercoaster since and we’re now back down in the mid 3% range (my credit union is currently publishing 3.5% today). That’s great news for buyers, especially given the increase in home values over the past several years.
The market is a bit of a mixed bag right now, but locally we’re seeing tightening inventory as we head into the slower seasons. However, we’re not nearly as low as we were back in late 2017. Sales have been up and down a bit this year and it feels like it’s slowing down in general (highly dependent on the specific neighborhoods/zip codes). I’ll try to get more into the weeds on this with specific data sets for the communities I serve in the coming weeks.
Anyway, it’s nice to be back to working out my writing muscles.