Friday, July 6, 2007

Market Update

Everyone is always talking about real estate, whether the market is booming or in flux. Right now, there is a lot of talk that the real estate market is in trouble...but is it?

Well, there is still a great deal of activity here in Rockridge, Berkeley and the surrounding areas. And, despite the rumors, interest rates are actually pretty stable. In fact, they are just about the same as they were one year ago.

The difference is that the character of the market is changing. Lately, it seems to be becoming more of a buyer's market again. While the expensive properties continue to skyrocket and demand multiple bids over the listing price, I'm pleased to see more and more homes being listed again in the mid-ranges of $500,000 and $600,000 ranges. And, these are very nice homes in great neighborhoods. This is perfect for the first time buyer and young professional group.

But remember, the market does continue to change like any dynamic system. Plus the market varies quite a bit from region to region, even from neighborhood to neighborhood. For more information and a more comprehensive look at the East Bay real estate market, let me know. I can be reached at 510-547-5970 x57 or

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