Reasons For Optimism In The Housing Market
Happy New Year! After a restful and enjoyable holiday break, our team is back to work and focused on doing our best for all our clients. Recently much has been made of potentially worsening economic conditions and general uncertainty in the markets. However, we feel there are reasons for both buyers and sellers to be optimistic.
As Leonard Steinberg, Compass’ Chief Evangelist (and a top-producing broker in his own right), wrote last week, buyers could have “leverage for the first time in years: still low interest rates, available financing, more choice, adjusted seller expectations, time and negotiability”.
For sellers, we shouldn’t ignore encouraging signs in the San Francisco market. As we wrote in this blog several weeks ago, record growth in employment in the region coupled with projected upcoming IPO activity – with locally-based companies like Airbnb, Uber, Lyft, Slack and others all expected to go public in 2019 – will likely drive heightened demand for housing in the city.
Whether you’re looking to buy or sell this year, we hope you’ll reach out.