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Inside U.S. Real Estate: Real Estate InnovaTech
U.S. Wealth Creation Through Properties Ownership & Wise Investments
Let the good times roll! Let them roll until every single homebuyer finds the house he/she is looking for. There is no doubt that the interest rates are at a 30-year low. They are under 6%. Even though we are close to the last trimester of the year, we still see there is a huge demand for new homes on the market. Buyers still outnumber sellers. Some industry insiders are saying that there is a huge fever which continues to push up prices from San Francisco, Santa Barbara, San Diego, Inland County, Bel-Air, San Fernando, Orange County to Venice Beach, Santa Maria, Santa Monica and National City. Imagine, for an instant, that the same buying frenzy is going all over the United States, from Florida to Massachussets, Georgia, Atlanta to Washington, D.C. New homes can not quickly enough on the market. This scarcity in the supply and demand causes buyers to participate in multiple offers on every property that becomes available. In some regions of California, developers and home buyers even have to resort to a lottery tactic. After receiving the buyer's downpayment, they can also afford to take as long as they want before having the drawing which is often attended by well-heeled equity refugees from San Francisco, San Jose, Palo Alto, Fremont, Vallejo, Orange county and outside the state of California. Read Full Article
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Disclaimer: Our reports are presented as is. We are not paid to write any of them. We are only freelance real estate writers who just love beautiful homes. We only document what we see in the Central Valley and elsewhere. If somebody pays us, we will include a disclaimer announcing so under "Paid Placement." Contact Us Here!