According to the Zillow Housing Confidence Index (ZHCI), 5.2 million renters nationwide are going to buy homes and condos this year. So, if you’re thinking about selling, now is the time. Rates are good for buyers and the demand is even better for sellers. This news comes at an amazing time and reflects a 25% boost in real estate transactions compared to last year, which is also defying trend predictions earlier in 2015 too.
For those of us in California, we’re especially lucky to be on the receiving end of this trend. Why? Zillow notes People with the most confidence about the housing market are in San Francisco and its neighboring cities! Whoo Hoo Walnut Creek!
The ZHCI polls homeowners and renters about housing market conditions, expectations for the future and their attitudes toward homeownership in general, across 20 large metro areas. Out of the 10 states with the most home sales on track for 2015, California has four cities (San Francisco, San Diego, San Jose, Los Angeles) and the other cities mostly on the West Coast (Seattle, Phoenix, Denver, Dallas).
If you have been sitting on the fence about selling or buying home, contact me. I’m happy to talk about this recent report from Zillow over a cup of local coffee. Plus, I present my local expertise for you to consider. Remember, no pressured deal is a good deal. I’m offering information only. If you want to take the information, sit and think about it for a year or two- that’s fine. Now is the time to buy or sell but it still- in the long run- has to make financial sense for you!