Weekly Real Estate Market Watch August 28-September 4, 2012

Local Real Estate Market Watch

 

Mortgage interest rates went up!!! You waited to purchase a home in lovely San Benito County and you missed out! Well, have no fear because they only went up to 4.5%, so in all reality a home buyer is making a great investment.  The only issue is if buyers can get their hands on the hot real estate market.

Hollister is still seeing low inventory, making home values go up.  Rumor has it that Fannie Mae has over 50,000 properties in their possession and they are slowly leaking out the properties to control the market.

The moral of the story is to start the buying process now, as who knows what the real estate future might hold.  If you are ready to make some money or need a price opinion on your property, give real estate agent Kristen Jurevich a call at (831) 635-6719 or visit facebook.com/HollisterRealtor

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