Ensy's Alain Pinel Realtors Blog: Real Estate News - October 2017

REAL ESTATE NEWS

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Real estate nationwide has stalled. According to Lawrence Yun, chief economist for the NAR, “Demand continues to overwhelm supply in most of the country. As a result, many potential buyers are still in the market for a home, while others have postponed their search.”

Further complicating any sales improvement is that Hurricanes Harvey, Irma, and Maria have put a pause on activity in those areas. Yun predicts that existing home sales will close out the year around 5.4 million, which is slightly below the pace set in 2016.

That said, locally the demand is strong and inventory seems to pop up on a consistent basis. The best way to buy right is for us to be ready, with financing in place. If you consider selling, now is a great time. The economy is strong, interest rates are good, and the job market is growing.

If you want to meet, just give me a call.

Ensy Afdari, Luxury Real Estate Agent for Silicon Valley | Selling Your Luxury Home | Global Specialist