Oakland Ca Real Estate's Blog: Oakland Homes

The Fed recently lowered interest rates again which has led to a sharp increase in refinancing. Interest rates currently are near historical lows which is what gives many analysts the opinion that the housing market should remain solid. Although prices are nudging downward, there is no indication(according to industry analysts) that prices will crash. The Bay Area economy is another reason that is given for those views, job growth seems to be good enough to help offset the high prices.

The inventory of homes in Oakland and other areas in the Bay seems to be declining slightly, which should help the market balance out a little in the months to come. As the number of new listings rises, the competition among buyers will increase and sellers will be in a…