From what we’re seeing out in the San Fernando Valley marketplace, it appears sales are beginning to happen at a faster pace after a somewhat sluggish first half of December. Activity is strong and inventory levels are still low. If home prices are going to rise, we’d expect them to increase at the fastest pace over the next few months. Home prices don’t move at a consistent even pace throughout the year. It’s not unusual to see prices begin to increase from February through spring and level out for the remainder of the year. It looks like the seasonal moving up process is starting just a little early this year, as the economy has improved & buyers are more optimistic than they were last January. Interest rates, which have risen are on everyone’s mind, but nobody seems to realize they are at about the same level they were in December of 2015 before dropping sharply last year as the economy stalled. This year growth has picked up both in the U.S. and around the world. Looking like a very healthy San Fernando Real Estate market! Need any assistance……call us today! 818.970.3000
