Three Ways A Buyer Can React To This Report On Bay Area Home Prices

An article was published on SFGate yesterday stating that the median price for a Bay Area home increased 23.2 percent in March from the median price in March 2013. Wow!

Imagine being a buyer looking for a home in this market! Prices are high and inventory is low. This article made me think about the possible actions a buyer could take and I came up with three.

One action a buyer could take would be to throw in the towel about buying in this market, pack up their bags and head out of town!  

https://www.flickr.com/photos/33037982@N04/3435247579/

Another choice a buyer could make would be to wait for this crazy market to cool off and hope that prices come down to a more affordable level. The problem is the buyer may end up looking like this before that happens! 

http://en.wikipedia.org/wiki/Rip_Van_Winkle

 

 The last choice is for the buyer to get together with people they trust, stay in the market, figure out how to get it done and make it happen!

 http://commons.wikimedia.org/wiki/File:Michigan_State_vs._Michigan_men's_basketball_2013_11_(timeout).jpg

It will be interesting to watch if this trend in prices continues - what do you think?

Do you need help making an effective financial decision? Call or text me at (650) 222-0386, or e-mail me.

 
 

 

 

 

 

 

      

 

 Opes Advisors is licensed by the CA Department of Business Oversight 4150089, CA Bureau of Real Estate 01458652, Oregon ML -4902, Washington CL-1178435 and NMLS 235584. Equal Opportunity Lender. Opes Advisors is a registered investment advisor with the Securities and Exchange Commission (SEC). ©2014 Opes Advisors, Inc. All rights reserved.              

Phil Caulfield
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San Mateo
CA
94010

(650) 222-0386

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Comment balloon 0 commentsPhil Caulfield • April 16 2014 06:16PM

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