Market Shift

Recently, the increase in interest rates has sent off alarms in the Silicon Valley real estate selling and buying community. You will see graphs showing the current rates being relatively reasonable based on 50+ years of history and encouraging buyers to keep shopping. We may see a small bump up in the number of homes for sale over the summer as sellers try to grab the coattails of the longest-running annual double-digit appreciation run in U.S. real estate history. The Silicon Valley real estate market will be confused for a bit as we all digest the multiple layers of influencers on the housing market.

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