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To market, to market...

2/22/2019

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Why is it called a housing "market?" The short answer is because prices fluctuate constantly. But why? Again, the short answer is supply and demand. That is the biggest factor in fluctuations but there are many others that affect home prices from one location to the next. There - I just mentioned the first factor that everyone knows - location. Even within your small town or neighborhood there are more and less desirable influences across town and down the street.

But getting back to outside influences in the housing market, we have to start with mortgage backed securities and how they affect the mortgage rates. These things are all influenced by the bigger picture which includes the GDP, employment markers, new housing starts and many more. In other words - it's complicated. That is the nature of all "markets." So what does a seller need to know to price their home right? And what does a buyer need to know to purchase in the current market?

The most important thing is to have an agent in your corner who keeps abreast of all the factors influencing the market you are buying or selling in, along with the nuances of your location and how it is trending right now. As agents we have a variety of tools and information at our disposal to help us track the market in order to educate clients on pricing. To receive quarterly updates on the housing market in Marin, a specific town, or another county, just request a custom report and let me know what markets you would like to track.

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​​415-770-7771
Kimberly@KimberlyTeal.com

​Kimberly Teal
Broker Associate
Certified Luxury Property Specialist

REALTOR® |AS, SRES | DRE#01972699
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Kimberly Teal is a real estate broker licensed by the state of California affiliated with Compass. Compass is a real estate brokerage licensed by the state of California and abides by equal housing opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to accuracy of any description. All measurements and square footages are approximate. Nothing herein is intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage. Website created and administered by Kimberly Teal, 2021©, all rights reserved.

  • Listings
  • Luxury
  • Communities
    • Belvedere / Tiburon
    • Corte Madera
    • Fairfax
    • Kentfield/Greenbrae
    • Larkspur
    • Mill Valley
    • Novato
    • Ross
    • San Anselmo
    • San Geronimo Valley
    • San Rafael
    • Sausalito
    • West Marin
  • About
    • Testimonials
    • Closed Transactions
    • Exclusive Offers
  • Sellers
    • Seniors
  • Buyers
    • Schools
  • Market Update
  • Insights