I am sure to blog more about this topic. First off, don't panic.
The good news is that right now, interest rates are down! Other than that, we are just sorting out what this will mean long-term. I don't know and frankly, neither do you!
There is a lot of gossip going around the water coolers right now. I urge you to make the best decisions for yourselves based on accurate data and information.
And by accurate, I do not mean what you hear mumbled over the cube.
In San Francisco, at least, many people are successfully buying and selling real estate.
Think about the long-term and put yourself where you want to be. Be careful. Be smart. Don't max out. But think long-term. 5 years from now, where do you want to be? What do you think property in San Francisco will be worth in 5 years? 10 years? And so on.
And now, back by popular demand....drum roll, please. Another exciting video from the California Association of Realtors. Yes, folks, you ask and I deliver.
But seriously, it is interesting and informative. Turn off the pundits and hear what the experts in the trenches have to say.
Check out the video here.