680 Homes Inside Real Estate – Dual Market – October 2018
Hi everybody, Doug Buenz with the 680 Homes Group at 680homes.com and this is the latest chapter of Inside Real Estate.
Our topic today on Inside Real Estate is the move up market, the dual market. Right now, you might have noticed if you are driving around town that there are more for sale signs and you are seeing more open home signs on Saturdays and Sundays. That is not your imagination. The market has softened. The market has reverted to a more normal state and that is great news if you considering moving up. There has never been a better time. Interest rates are low, the market has calmed down. You are not going to be up against fifteen offers on every house you like.
So if you are considering moving up, it is a golden time to do that. And the concept in the dual market is very simple; if you own a home in the lower price ranges, that market is still relatively strong. We are still seeing short market times and good prices on those, but as you go up the price range, the market is getting a little softer. So if you are considering selling a lower price home and purchasing one that is in the upper price ranges, it is a tremendous time for you and you will have a net gain because you will be selling in a market that is relatively strong and buying into a market where it has softened up to the point where there are some very good values out there. So really, it is a great time to consider moving up into another home.
In closing, thank you for watching. If you know anyone who could benefit from this information, please share it with them. If you have any specific questions about real estate, please add it to the comments below and we will be glad to address them. And as always, if you know any one who could use our services, please do reach out to us at 680homes.com or at 925-621-0680. Again, this is Doug Buenz with the 680 Homes Group and thank you for watching.