Higher prices expected ahead from Real Estate speculation being alive and well. The upward momentum in the market is not to be trifled with. Such strength is viewed as the type of behavior seen at the outset of a substantial intermediate-term advance, and not a speculative blow-off.
Supply and demand holds true in the stock market, consumer products, and in the real estate market. The chart above shows we are in the beginning stage of a large uptrend due to the low inventory. As I mentioned in my previous update back in January timing the market is critical to get you an extra 10% on your sales price. You still have time before the downturn in summer hits. With inventory low, prices are rising higher, and properties are selling with multiple offers. Currently I have 5 listings and 4 are in escrow with multiple offers.
XHB is at an all time high. Big money is betting on real estate.