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January is a time of reflections, predictions, and resolutions. So here are some of my mine:
Reflections: 2009 real estate activity started down and ended up. Sales of homes increased this past November to the highest level in nearly three years. Lower mortgage rates, pent-up demand, and strong first-time homebuyer activity stimulated by new Federal tax credits are reasons for this positive activity. Also, the economy finally returned to growth during the fourth quarter of last year, after a record four straight quarters of decline.
Predictions: Experts are feeling positive. Lawrence Yun, Chief economist for the National Association of Realtor predicts, “We are expecting a surge this spring.” Homeowners regard the value of owning a home to be integral to their financial stability. The key to the best investment in real estate still is location. Many homeowners recognize that now may be the right time to buy. On average, sellers aren’t renting and putting their money into the bank or stocks. Instead, they are buying again to reposition their assets.
Resolutions: May 2010 be a year of health, happiness and financial security for you and your family. My goal for 2010 is to be your knowledge expert for real estate and help you evaluate your current housing needs. The right decision may be to enjoy your current home or make some smart updates. But with good prices available, making a strategic move may make sense now.
Real estate is seasonal. The strongest market traditionally is in the spring to summer when we are deciding if we want to move to a larger home, smaller home, different neighborhood, or even a different area. Whatever your needs, know that I am here to serve and wish you the best for 2010.
Rick Bonetti | Alain Pinel Realtors | 408-857-8800 | DRE#01237009