California Real Estate Data Study Part #2
As we identified in our last historical data study e-mail, we are shifting from a seller’s to a buyer’s market. More inventory has spawned buyer power. Our transformation to a buyer’s market has continued to create valuable buying opportunities for many of our clients. Congratulations to those of you that have recently purchased homes and investment property with us. Our market is developing nicely allowing buyers to negotiate value while maintaining historically low interest rates. We are currently immersed in a much more balanced market.
Below is the second installment in a research series we have created to document the history of the California real estate market. As promised, we have localized our appreciation data, and in this installment we are taking a closer look at the Bay Area. Below is our study of Bay Area appreciation history verses prime rate history.
