First Time Homebuyer Activity Increasing

Trends appear to be showing an increase in first time homebuyer traffic, interest and activity.  What does this mean for the Real Estate market activity in Ventura County, Malibu, and the San Fernando Valley?  There appears to be a correlation indicating first time buyers are concerned about rising prices and the future possibility of rising interest rates.  An article by Esther Cho of the DSNews cited statistics from the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey.

This is in line with what I have been advising both buyer and seller clients in our local markets - we are experiencing a shortage of inventory and for anyone who has been sitting on the sidelines, now is the time to act, especially for buyers.  There are several causes for the current shortages (which I will go into in an upcoming post this month), but regardless of causes, the reality is that prices are surging, and we may have seen the bottom last year.

Several clients have shared that they feel they are overpaying at the current levels, but if indeed 2012 was the bottom, then we are in an upswing trend and it may be a long time before prices come back to where they are TODAY...  The day of finding the screaming deal may have passed us by already.  For buyers who want to get in on the early part of the upswing, use my free MLS search on the Find A Home page of my full service Real Estate Website at http://www.conciserealestate.com/.

Please feel free to contact me directly via phone 818-968-2601 or email at mike@conciserealestate.com.  Real Estate is my passion and I love "talking shop" and helping people by consulting on buying and selling Real Estate.  I will welcome ALL inquiries -  even if you're not in the market to buy or sell right now and you just want to know about the market, please feel free to call.

Mike Rosenthal​, CDPE, PSC
Direct 818-968-2601 / Office 805-978-5530
mike@conciserealestate.com
www.ConciseRealEstate.com - full service real estate site

http://www.hosted.cdpe.com/helpingsocal - CDPE site

Experience you can count on!  Over 100 Standard, Short Sale & REO homes successfully closed over the last 4 years ($40,000,000 in sales volume)