San Jose Market Update: Navigating Housing Trends and Opportunities
NAR Chief Lawrence Yoon predicts a 9% increase in home prices next year, with interest rates bouncing between 5.5% and 6.5%. Despite potential recessions, home values often rise. The Bay Area housing supply remains low, driving prices up. Key listings include a San Jose REO, a teardown property, and high-value homes near tech hubs. The video also highlights the importance of buying now and offers a home buyer's checklist. The host is heading to San Jose State to talk about the VA home loan process.
NAR Chief Economist Lawrence Yun Forecasts 9% Increase in Home Sales for 2025 and 13% for 2026, with Mortgage Rates Stabilizing Near 6%
"the new normal, bouncing around 5.5%-6.5%."
REO of the Week
Homes for sale near Apple
Mountain View home of the week
FREE HOME BUYER CHECKLIST HERE https://abitanogroup.com/Homebuyerchecklist
Home Inspection CHECKLIST HERE https://abitanogroup.com/homeinspectionchecklist
00:00 Market Forecast and Interest Rates
00:21 Recession and Home Values
00:49 Advice for Home Buyers
01:02 Current Market Changes
01:46 Bay Area Real Estate Insights
02:07 Client Stories and Market Timing
03:04 Property Highlight: San Jose REO
03:33 Property Highlight: Apple House
05:01 Home Buyer's Checklist
05:40 Market Report and Analysis
07:30 Conclusion and Upcoming Events