The week of November 1st Livermore introduced 25 new homes for sale. There are some beautiful homes that came up on the South Side of town. 2324 Rock Point Place is a beautiful home in The Oaks. This home is 3405 sq ft of living space on a large lot for $1,039,000. 1125 Orchid Place is a another sharp home in the Prima subdivision. This home is 3532 sq ft that is listed for $955k. The best buy of the week is 716 Traviso Cir which is in the Alden Lane neighborhood. This home is 3655 sq ft and is listed at $899k. That is only $246 a square foot which is a great price for that location. There was also a foreclosure that came on the market in The Bluffs subdivision. 2179 Bluffs Dr is 3584 sq ft of living space and listed at $749k. That is an awesome price for the home although the location is on the outskirts of Eastern Livermore. You can view all these homes by clicking here!
Simple answer is absolutely! The interest rates are ridiculously low and most likely will not get any lower. Inventory is on the lower side but there are still some nice homes available at good values. Concerns that will always be out there are where is this market going? You are always going to ask yourself this question and if there was certainty in anything everyone would be doing it. Is your job safe is another concern; well only you can answer that? If you have concerns regarding your job status research it more. Talk to your employer and let them know you are planning to buy a house. Maybe you want to save more money, well by the time you save enough money this market might pass you by. In another year or two the short sales and foreclosures should be cleared up and growth should begin. Yes interest rates will rise but they would have to double to maybe have an effect on prices. The government knows the economy needs real estate to come back and they will keep rates attractive. In the late 1990’s and early 2000’s interest rates were 7-8% and that was at the start of the boom. Homes will still sell when rates increase. Take a leap of faith and do it!