It's been a while since our last post from 2016 as we have been busy serving our clients and make our service as satisfied as possible. As recent interest rate hike and China-US tariff war, many of our customers start asking if the home price has reach the peak and would it come down any time soon?
Our answer at this moment is (3.27.2019): Not just yet but it might be coming soon.
One of the major indicator is the most recent action from FED holding the interest rate from going further. We believe the FED also smells the economy is not going as strong as they expected in 2018 regardless China-US tariff war. Also, the stock doesn't seems to have the same strength as before, especially the price tumbled back in Q4 of 2018. Many people are now speculating and are afraid the next recession is coming to hit the stock & economy soon. Therefore, the real estate price tend to stagger around at current price level and not going any higher.
Most of our listings need to cut back a bit in order to get sold while buying side usually can get 5-10% of price reduction from the seller. However, does that mean real estate price is really going down? Based on our past experience, the real estate price won't really be affected until the stock price tank. Also, even with the stock price tank, the real estate price usually wouldn't be reflected for another months or so. Even with the 2007 recession due to the sub-prime crisis, the real estate market didn't really start crash til later of the year. However, if you don't want to wait for the last minutes and take the risk of panic selling. Perhaps, now it is about time to start selling.
We are now offering 1% listing fee for all our new customer and we look forwards to helping you sell your home fast and best market price possible.
Please call us today at 626.757.1520 to schedule a Free Market Analysis of your home.
Thanks
Jim Hung
Realtor, Broker
BRE 01907230
CA Dreamer Investment Inc.
