San Francisco Real Estate Market Update for the week of August 12
Read what Rick Turley, President of Coldwell Banker, San Francisco/Peninsula says in his latest weekly report:There has been a flood of commentary on the credit crunch this week. Both facts and speculations have dominated the headlines. To truly understand the local impact we're experiencing, it's best to listen to the actual comments from out in the field. So this week, I am simply compiling the feedback from our agents and managers in our Bay Area offices. You be the judge as to what is really going on.
Comments from East and North Bay offices:
"Agents dealing in highly sought after areas are less concerned about the buyer’s mortgages since a really competitive offer would need 20% down as a minimum……The media is saturated with news of doom and gloom and it is intimidating our Buyers out here. Otherwise, we are seeing increased activity this week…… We have sold some of our older inventory this week….. Price reductions are seeing action…… The mortgage crisis has given us all the jitters, but as each day passes, we realize that life goes on and so does real estate. Many of our buyers are unphased at this point, though we are seeing drop in activity…….
Read the entire report here.
- Rick Turley
* For an e-mail alert when this report is updated, send an e-mail to info@SFResidence.com with "weekly market report" in the subject line.
posted by SFResidence.com @ 7:55 PM
0 Comments:
Post a Comment
<< Home