What’s Going On With Real Estate?


FAQs

Why are home prices staying up despite a COVID-induced down economy?

Apologies if I sound repetitive when I bring up the supply and demand issue. Buyers and Sellers took a break in the early days of SIP, however since Mid-April, both groups have returned to the market and as a result home prices have held.

The economy is tanking. So why aren’t home prices dropping?

Interest Rates this Week

Interest rates are still low. 3.25% on a 30 Year Conventional Loan with 20% down.

What’s on the market?

Alameda Homes For Sale

Market Activity

This week in Alameda, 4 properties have Sold (1 below list price, 2 at list price and 1 above list price). This same time last year, 11 properties Sold (2 below list price, 1 at list price and 8 sold above the list price)

If you’d like data for any other cities, let me know.

Friends,

As always, let me know if I can be of service.

I hope you and your family continue to stay well,

Sophia

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