Broker's Corner 12.16.14

Confidence of Home Buyers is Up!

Ray Shay Broker/Owner Shay Realtors _

 

In a nationwide survey, 36% of homeowners believe their homes will be worth more next year than the current year.  This is a significant increase from previous years.

There is also a pervasive belief that interest rates will rise in 2015.  I believe the US Government knows if interest rates increase too quickly, the housing market will slow and possibly slide. I don't think there is anyone that wants to go there. 

Several of our clients are buying properties that generate cash flow.  If you are interested in investing in apartments or homes, give us a call.

Ray Shay 858-449-4970

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Broker's Corner 12.2.14

Great Time to Buy a Home!

Ray Shay Broker/Owner Shay Realtors _

It's a great time to buy a home!   You think Cyber Monday or Black Friday are great times to buy?  Well they can be.  I will also tell you with so many people focusing on the holidays, it is a great time to get a deal on a home.


It is a combination of the historical low interest rates and increased home inventory.  The first of the year brings out more buyers and the increased competition tends to make it more difficult to close the deal at a sweet price.
 
If you are interested in looking at what's out there be sure to give me a call.  We have an amazing team of Buyer's Specialists.  

Ray Shay 858-449-4970

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Broker's Corner 10.21.14

The Housing Market is Slowing 

Ray Shay Broker/Owner Shay Realtors _

As we approach the holiday season you can feel the slowdown in activity and value cooling.  It was inevitable and it is really a good thing it is here.  The housing market was running too hot for too long.  It could not continue the pace it was on. 

I think you will be seeing a more normal market in the foreseeable future. This week with the problems in the stock market pushed the 30 year fixed interest rate to below three percent.  The rush for refinancing is on.

With the housing market slowing and interest rates dropping it is a great time to buy or to move up.  If you are interested in talking about current market conditions and options available, just give me a call. 

Ray Shay 858-449-4970

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Broker's Corner - Local Housing Market Trends

Ray Shay Broker/Owner Shay Realtors _    The local housing market is still increasing in value, but it feels like a large train that is definately slowing down.  It is especially true for homes which are over a million dollars in value. Where is the market headed?  There are several causes for the slow down. In my opinion some of the main factors are increased inventory, the substantial gains we already achieved over the last few years, stagnant employment in San Diego County and there are simply only so many buyers for all these homes hitting the market. It will be interesting over the next six months as local builders place so many new homes on the market.  Standard Pacific is a very reputable company that builds excellent homes which they stand behind. For worry free buying they are a good play. I just hope the Fed's don't let interest rates rise.  If that happens so many buyers will be removed from equation because they cannot qualify.  That will cause such drag on the home ownership train that it could slow or even stop. If the train feels like it is on a hill it could also slide back down.  Don't hesitate to call me or stop by one of our three locations if you have any questions.  Ray Shay 858-449-4970 This information is copyrighted and cannot be reproduced or distributed without the express written consent of Shay Realtors Inc.