Taxes are over, pending sales in Livermore rise, Economy is looking to slow down

What does this mean to Livermore real estate? How will Livermore real estate respond?

I think it will be more of a "hurry up and wait" scenerio. Oil and housing figures are in, people are spending less, and oil prices are rising. This could be good news for the interest rates if the trend continues. One should be cautioned to expect this, but should rather be advised to make sound decisions in this buyer's market. Meaning not only getting a good price on your home purchase but also getting a longer termed fixed loan, maybe a five year fixed or even a seven year fixed. Expect values to stay steady for quite some time. It seems almost mandatory that we must wait for job incomes to close the gap more on housing prices, we are in a catch up period.

If you planning on selling your home, expect to get less then you ask and expect to pay for almost everything on the buyer's behalf (ie. closing costs, repairs, some inspections, etc.). The reason you should expect to do this is simple, if you don't the buyer will go to the next house. There are about 400 houses on the market in Livermore and about 120 houses that are pending in Livermore. Translation, expect a marketing time of about 60 days average if your house is priced competively.....

Tax week kills Livermore Real Estate

Well in the blink of an eye, Livermore's pending sales shot down by 2/3 . This can be contributed to tax time and houses going into the sold category. What does this mean for real estate? Well an inventory surge and expect more price reductions until the demand starts up again for the housing push which is usually felt after tax time until school starts up again. If your thinking about selling your home, you probably want to get in to the game sooner then later or the window might be too short for expectations.

Pending sales in Livermore highest in over a year

Pending sales of existing U.S. homes rose above analysts' expectations in February, data from a real estate trade group showed on Tuesday, a signal that the housing sector may be stabilizing.

The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in February, rose 0.7 percent to 109.3 from a downwardly revised 108.5 in January.
Wall Street analysts polled ahead of the report were expecting the index to come in at 108.2.
The stronger-than-expected data helped boost Wall Street stocks and sparked gains among shares of home builders.

Livermore in particular currently has 120 homes pending compared to only 346 houses on the market in Livermore. This coupled with the above news is a great indicator that we might get out of the woods before dark, and make it home for dinner. Expect this news to raise confidence in home buyers (especially first time home buyers) and we might possibly see a rise in Livermore real estate and surrounding areas as well.