Market Dynamics in Home Buying

Current Home Market Attitude

As the economy and housing market show evidence of weaker than expected recovery, homeowners and homebuyers find themselves caught between two opposing trifectas.

Danville housing marketOn the one side of the homebuying process we find this trifecta:

  • Wider variety of homes on the market – a mix of short sales, REOs and conventional homes for sale – covering most price points – detached and attached homes
  • California home prices have mostly stabilized with the bottom of the market having been hit in 2007 for most neighborhoods.
  • Mortgage rates continue to receive federal support to remain at historic lows.

The opposing trifecta is represented by continued high unemployment, foreclosures and tight credit.

Get more info on current housing market dynamics in San Ramon and Danville CA.