Investment Real Estate topics throughout California and sometimes further! Mario Pinedo has been a Realtor since 1991 in Silicon Valley and has sold throughout California and the West. His primary investment vehicle is multi-family rental properties. Mario focuses on major markets from San Diego, Orange County, Los Angeles, San Jose, San Francisco and northern California. He currently lives in Irvine, CA.
Wednesday, November 29, 2006
The calm before the real estate storm?
Real estate markets tend to take breathers, then they come back with a vengeance. This year has been a year of transition. Higher interest rates have pulled the steam out of the local housing market. This overshadowed the very real job growth that has been continuing in Silicon Valley. Now we're in the holiday season and shopping for presents takes precedent over shopping for housing. But once we get past Superbowl Sunday, the market will start cooking again. Suggestion: if you're thinking about buying: Do it NOW!!! We just passed our inventory peak of the year and sellers are somewhat frustrated. This will change dramatically over the next two months. In the spring expect another Silicon Valley real estate run.
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