Working in the real estate industry is sure like riding a rollar coaster.
Some weeks and months there are peaks, some downturns, some spirals and loops, and some complete halts.
It's been a while, in my 14 years of real estate, since I have seen any stability. By stability, I mean there is an average number of homes to choose from for an average number of buyers.
During the downturn from 2009 to 2011, there were a lot of homes for sale and not that many people buying. This year, there are few homes for sale and a great number of people who want to buy.
According to a Barron's article, prices are going up and they are going to continue through the next year. They attibute this to a rise in rent rates, low mortgage interest rates, improvement in job growth, and availability of bank credit.
Karin Cunningham, "Your San Bruno Neighborhood Specialist," is a Realtor with Prudential California Realty. She can be reached at 650-438-3504 or karinc@prucal.com. Visit her on the Web at www.KarinCunningham.com or check out her blog, San Bruno Life, on Facebook.
