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Market Conditions in 94706 : Real Estate Advice

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Mon Jun 17, 2013
Norman Gee answered:
General inventory is still well below historical norms. Over the past 15 years the average inventory of available homes in Alameda & Contra Costa counties has been around 4500, today we are sitting around 2000. There are many factors that go into deciding if the time is right, the biggest for most people is monthly affordability. As interest rates go up affordability usually goes down. The other big factor is the very limited supply of 3 bedroom homes in Albany. If you decide to wait a while, do yourself a favor and continue to monitor the market. You never know when the right house might come along and a slim chance of getting the home you are looking for is better than none should you completely withdraw. Your agent or broker should be able to set you up on a automatic notification system for homes that fit your general criteria. ... more
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