From the LA Times’ Andrew Khouri: “More California homes went under contract last month, as buyers showed signs of life heading into the spring season” Things had been flat since October, but a nearly 23% surge in sales from December to January indicates growing “confidence in a market that cooled after a torrid rebound early last year.”

So things look pretty healthy right now, especially for sellers. Local inventory remains low, and while we’re seeing less in terms of all-out bidding wars, the homes that receive proper pricing and marketing sell quickly (usually with multiple offers). Not the best environment for buyers, maybe, but they get some good news too given that interest rates just ticked down again. In fact, in a bit of a surprise, mortgage interest rates are currently hovering near 4%, a really good deal for borrowers.

Is your home search stuck in neutral? Better get it moving — before those rates rise again as they’re predicted to. You might be relying on Zillow, Trulia or any number of web-based services to find your home. But those very handy tools can’t possibly compete with a locally knowledgable and massively connected team of realtors like us. For 2013 we ranked #1 at the John Aaroe Group in closed home sales. And our services for buyers won’t cost you a thing.*

Contact us anytime at Tracy Do Real Estate.

*Our compensation comes from the selling-side of the transaction, after the successful close of escrow.

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