In February of 2015, San Mateo County saw a total of about 420 active listings. With just one week left in February of this year, that number sits at just 324. Things have certainly been slow to pick up this year, but perhaps historically low mortgage rates of under 3.7% will be enough to spur market activity if they persist. Financing is cheap right now, and that could push some move-up buyers into the market who are ready to sell their current home and obtain the financing they need to upgrade.
On a side note, with mortgage rates being so low, a recent report estimated that somewhere near 500 million Americans could qualify and benefit from refinancing their home loan. If you think you may be one of those people, give me a call and I would be more than happy to refer you to someone from our loan team.
No comments:
Post a Comment