Happy New Year and may 2023 be your BEST year YET! We are excited to have a fresh start and another year full of opportunities and new adventures. Thank you for your continued trust and support.

With only a few days into 2023, market activity has been on the chilly side. Luckily, the forecasts (not that we put too much into predicting the future) tell us that the interest rate hikes are also cooling. The message here is BUY NOW and REFI LATER. Many buyers are still waiting for a crash (not likely) or for rates to come down. Now is the best time for Buyers to get in. The lack of competition and the opportunity to negotiate puts Buyers in a great position. And when rates come down, they can refinance and take advantage of lower payments. Increased price reductions during the winter months may be an excellent time for buyers to aggressively negotiate —and we are master negotiators.

Inventory is, once again, extremely low. This is a-typical in the winter months and is especially so given what our market experienced in the second half of 2022 – 7 interest rate hikes. The good news is that:

One-third of California homeowners have no mortgage* 

*That’s approximately 2.36 million free-and-clear homeowners (read the article here).

Why is this good news? For those that may want to make a change in their lives, 100% equity is a strong position to be in – in any market! Even if your home sells for less than what it may have in early 2022, isn’t it time you get to where you want to be? It’s something to think about. To learn more about the median home prices for areas in and around Bay Area, be sure to check out our updated Bay Area Home Price Maps. Let us know if you want to review your options. We are also happy to make personal introductions to a Realtor in any geographic area that you may want to move to OR invest in. Book a 15-minute call with Dawn here.

This month, we are reporting on the median home prices throughout the Bay Area. Also, make sure to check out our Coming Soon development opportunities under “Our Listings & Sales”.

Have an incredible month!

Here’s to creating a better future,