Real estate market predictions & prepping for spring 2021.

Normally, December is a time of slowdown in the real estate market. We usually take the opportunity to work on the big projects we’ve had on the backburner for months.

Not so this year. We’ve had our busiest fall yet, and December shows no signs of slowing down.

What are we predicting about the future? Right now, despite the fact that we’re about to see yet another spike in COVID-19 cases due to the Thanksgiving holiday, the promise of a vaccine and (hopefully) a COVID relief bill have led to general optimism about the future.

Home values have remained steady (except for condos). Interest rates will stay low for the foreseeable future. And as long as people and families who earn enough to afford Bay Area homes remain employed, they’ll still buy houses. Even if we see an uptick in inventory from folks who leave the Bay Area for family and square footage in other parts of the country, it’s unlikely it will send home values down. That’s because our market has so little inventory to begin with.

Spring is normally the busiest season of the real estate market, and if you’re planning on making a move in 2021, now is the time to get strategic about how and when to do it.

You know where to find me!