Silicon Valley: Time To Buy
DAYS ON THE MARKET is now less than 90 days in most Santa Clara Valley neighborhoods, and although total listings have increased, homes are selling. Interest rates are low, and likely to rise, particularly fixed rate as the dollar weakens. Prices have flattened. It is time for bargain hunters to buy! Follow McMurdie’s Real Estate Rule No. 12: buy real estate counter cycle, buy at the market low as soon as it goes flat. This takes courage, and reading your calculator!
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