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Sophia Delacotte Realtor In San Jose Silicon Valley - DRE # 01873662
Sophia Delacotte Realtor In San Jose Silicon Valley - DRE # 01873662
Sophia Delacotte Realtor In San Jose Silicon Valley - DRE # 01873662

Sophia Delacotte Realtor In San Jose Silicon Valley - DRE # 01873662

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Open 9:00 AM - 8:00 PM now
1133 Minnesota Ave, San Jose, CA 95125, USA Get Directions
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SUMMARY   Services Excellence Summary

The Bay Area saw continued appreciation, overbidding, and days-on market reflecting intense demand in April 2022. However, sales reflect offers that were accepted between 3-6 weeks ago. Sales in April mostly reflect those who secured mortgage rates prior to the major late March/April jumps. Buyers are highly motivated to purchase before these interest rate lock expires. This adds short-term demand pressure. A decline in interest rates can stimulate demand. In the recent years large rate drops have subsidized a lot of the rise in home prices. In the beginning of 2022, buyers were eager to avoid higher interest rates. However, after a while, large increases in prices and rising interest rates made it difficult for many people to afford homes. Stock market drops and economic uncertainty can affect all buyers, even non-cash buyers. These factors could continue to reduce purchase activity.

 

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Sophia Delacotte Realtor In San Jose Silicon Valley - DRE # 01873662 Reviews: 54. Average Rating: 5.0
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