C'est le Buzz

C'est le Buzz... After attending a regional real estate conference, here are some highlights:
One agent described the San Francisco market as kind of heart-breaking with the median price at $990,000  and buyers chasing after one house and then another. There are a lot of young buyers who want to be in sunny neighborhoods and walk everywhere. 

In the East Bay, we are finding an overflow market  with buyers coming from all directions to buy a house. In Piedmont homes are selling for over $1,000/sqft with sometimes 23 offers. 35% are all cash offers....Where did all this cash come from? I wish someone would adopt me.
Leslie Appleton Young, chief economist for CAR was the guest speaker. She said that our economy is no longer in Recovery but in Expansion. A lot of people have no cash restraints-they just want to move their money out of their country into our country. Short sales and REO's have declined significantly-now under 2% nationwide. Everyone is living their dream.. It feels like the gold rush days in California. Some winners and some losers.....Is it all about luck?

 
Contact Team Glass Sabine
at ssabine@grubbco.com


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