Buyer Optimisim According to the California Association of Realtors

Buyer_optimism_way_upAsk yourself this question, will home values increase in the next five years?  California ladies and gentlemen feel the market will increase, so sooner rather than later is a better time to purchase real estate, especially in Hollister, CA.

The average sales price in Hollister falls between $400,000-500,000, and a conventional loan with 20% at a purchase price of $450,000 at today’s average interest rate of 4.5% brings a PITI of about $2424.  If the interest rates rise .5%, then a home buyer would have to pay over $100 more monthly.  Imagine an increase in sales price too?! Eekk More money out the window if a buyer decides to wait to purchase real estate.


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