Here’s a look at Lafayette, Moraga and Orinda’s Quarter 4 Real Estate Market Report. There are lots and lots of very qualified buyers out there who are waiting for houses to come on the market. The spring market typically starts this weekend (the weekend after the Super Bowl). Will we see the inventory pick up? (Email us if you would like us to send you a clearer copy – BrydonIvesTeam@apr.com.)
Per CNN Money, find out which major metro areas are expected to see the biggest increase in home prices this year.
Can you guess which bay area city made the list?!?
http://money.cnn.com/gallery/real_estate/2014/01/23/hottest-housing-markets/
“After years of decline, housing prices are expected to stabilize or even increase in some parts of the Bay Area this year, according to a new forecast.” This is according to an article written by Pete Carey in today’s Contra Costa Times (January 9, 2012). http://www.contracostatimes.com/bay-area-news/ci_19691780
The article states that Bay Area home prices in the San Francisco-East Bay metro area were down 4.7% in 2011 and are expected to increasd 0.1% in 2012. (Source: Clear Capital)
The lack of inventory in the Lafayette, Moraga, Orinda (Lamorinda) area has been our biggest hurdle. Due to this fact, many homes have moved quickly and have had multiple offers. These are typically houses that are turn-key with a nice flat yard area.
Interest rates will likely help continue this momentum with conforming rates below 4% and jumbo rates at or just above 4%.
We will just have to wait and see!
Brydon & Ives Team Lafayette, Moraga & Orinda Real Estate 
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