Things Are Looking Up for Mill Valley Real Estate

With so much of the nation still experiencing a downturn in real estate, our market continues to benefit from record-high demand and both seasonally and historically low inventory. Here are some positive indicators that drive our market - and paint a fundamentally stronger picture of the real estate market.

• More jobs fuel the economy’s engine.

Home sales are booming.

Mortgages are “on sale” at historically low rates.  

For example, interest rates this week are hovering around 3.750 percent for a fixed 30 loan and 3.000 percent for a fixed 15 year loan. (Source: Wells Fargo: 6/07/12)

• It’s a seller’s market.  

Foreclosures are fewer.  

My view is that our economic recovery is healthy and as a result, our local real estate market is thriving. We're constantly reminded that real estate is local - and you can't assume that national trends apply to our neighborhoods. Click here for this week's Mill Valley Market Update.