What goes up must come done and vice versa. What does ”vice versa” mean? It is a phrase my parents used to use frequently. I don’t hear it much anymore. It is Latin for “the other way around”. In other words, what goes down must come up. That is what we are seeing in the real estate market in Fremont and across the U. S., according to a news story that I just heard on the radio.Real estate sales have fallen nationwide over the last few years. Now reports are surfacing of an uptick in sales volume. Reports of increased sales are being reported in both new and resale homes. It appears that what is happening is that many real estate buyers – investors and those buying for occupancy – think that prices have fallen to the point – along with record low interest rates – where buying makes sense. Houses are being snapped up. Inventory in Fremont has declined for the last six months and is currently very low. Many homes in Fremont are being sold with multiple offers. Sales volume is up. What goes down must come up.Will prices follow? Yes! When? Can’t answer that question. The market is cyclical. The market fluctuates. The market has seen prices fall dramatically. At some point, prices will head upwards, as they always do until the next adjustment takes place. Are you, potential buyer, going to wait until prices head up so that you can pay more? Are you going to wait until interest rates head up so you can pay more?What goes down must come up.The buying window of opportunity is wide open. No, I did not say that it is a buyer’s market. I stress…the opportunity to buy at a reasonable price with attractive financing is here…now. That will not be true forever.
