What does the summer have in store for real estate? Join me as I share what to expect.
Hoping to buy or sell in Silicon Valley? Listen up!
Transcript:
Hi everyone, Nick here with your summer 2024 Silicon Valley real estate update!
So far, home values have continued to rise. Despite high interest rates, buyers are betting on future rate cuts, driving a competitive market. As we enter the summer market, we tend to cool down – buyer fatigue sets in after running full speed for multiple months. But the uncharacteristically low inventory levels, new tech wealth and global buyers will still drive the market, and it’s still a good time for sellers to list their homes.
Buyers, stay strategic. Competition is tough, but you will have an easier time this summer. Many buyers are on vacation or have tired of the process and need a break, so with informed offers, you can still secure your dream home.
Stay ahead in this dynamic market by staying informed. Contact me for personalized advice.
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