Low Inventory and Low Interest Rates Start the New Year
In 2014, we saw prices go up across the board in our East Bay market areas, but volume was down here and statewide due to low inventory. All predictions are for a more normalized market coming our way. We are expecting increasing inventory,
and continued low interest rates, at least until late April, when the Fed is expected to meet again. The Bay Area is forecast to outperform other regions of California, due to a more vigorous job market and tighter housing supply. Oakland has had the highest demand, followed closely by Berkeley and Albany. The proximity to the thriving tech sector of San Francisco, the popularity of walkable neighborhoods, and the comparative affordability of the East Bay versus San Francisco are all contributing to big changes in our area.
Are you considering a move? Let’s talk about this dynamic market and how you can prepare to make the most of it!