Von Roll Team June Update

Dated: June 28 2023

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We all know someone who has been predicting an impending crash in the housing market for some time now. But in fact, we have been seeing the return of multiple offers & solid sales prices in the East Bay, as well as in other popular areas in CA.

Homeowners feeling “locked in” to their current mortgage rate have pushed inventory levels to record lows during the spring market. Compass CEO Robert Reffkin equated sub-4 percent mortgage rates to “handcuffs” keeping homeowners locked into place whether they like it or not.

 

Despite the challenging conditions, buyers are staying motivated & there is still significant pent-up demand. Homeowners that do opt to sell have even been rewarded with bidding wars as buyers compete for limited options.

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Ted Von Roll

We are Ted and Liz, a husband & wife team proudly serving the real estate needs of our neighbors in Castro Valley, Hayward, San Leandro, San Lorenzo, Pleasanton, San Ramon, Dublin, Livermore, El Cerri....

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