Coldwell Banker 449 N. Santa Cruz Ave Los Gatos, CA 95030
Posted Thu Mar 25 02:54PMHello to all the Real Estate Curious!!
Interesting trend here in the south bay area...Los Gatos, Saratoga, Campbell, San Jose, Cupertino are on fire!! The market is really starting to move now...you can feel it in the air of my Real Estate Office...
As well, there is a new rumor out there...that kind of makes sense. A prediction has been made that we will soon see the effects of housing shortage...as new housing starts across the US have been depressed...along with the economy and many of us Americans...and, as new construction loans are increasing difficult, or, rather, impossible to get, while simultaneously, we are continuing to grow the population, we will see those two trajectories collide. This natural trend will likely be the biggest factor in our economic recovery. The Baby Boomers are empty nesting and releasing the Eco Boomer generation, the largest population is maturing. Currently the college admissions offices are literally bursting with applications, as these bright young people begin to enter the market place and building their own nests we will see the squeeze, both in rents and mortgage application...these are days we all look forward to...
So, Buyers, Investors...now may be the time!!
Happy spring!!
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Definitely looks to be promising, unfortunately a lot of it is speculation. I have looked at some graphs showing some improvement but, not as much as you describe here.
Betty Banford
Travel Medical Insurance
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Hello Saratog-Los Gatos Neighbors... Times are a-changing... This is a good thing... four months in a row of increasing sales and decreasing inventories...locally the market is vibrant....typically, Saratoga and Los Gatos is slow at this time of year...not this year... Activity is creeping up...rates are still amazing...do not wait...we are at the perfect spot..in the future, rates are expected to rise...and this is a ground floor opportunity for the move up or investment buyer... Call me with any questions, direct, at 408-621-1407