Bay Area Real Estate - What's Hot & What's Not

The Bush administration and financial institutions are working together to formulate a plan for freezing subprime rates on certain troubled home loans for a period of time.

You may be wondering "what does this mean?" If you have a mortgage on A paper and are in good standing, probably nothing. If you have a mortgage with an ARM that is set to reset in 2008, your loan may carry its current rate for a longer period than the original terms specify. 

According to leading Bay Area Economists and business owners who participated in UC Berkeley's Real Estate Economic Symposium in San Francisco last week, now is the time for buyers to create a plan for addressing market opportunities. Things to consider;

1. Inventory is currently high
2. Loans are harder to come by
3. Appreciation has slowed, so now is a good time to start thinking about buying for cash flow or as a residence

Let us know what you think!
-Gosalvez Team