The current housing market in California — and throughout the country — can only be described as a feeding frenzy, with houses on the market selling faster than they can be listed.
Is it the right time to buy? Is it a good time to sell? One local real estate agent says it’s a good time to do both — as long as you’re smart with your investment. With interest rates at an all-time low and housing prices at an all-time high, Michael Rocha of Atlantic Realty said those looking to do either should keep their family’s long-term interests in mind.
“It’s the Wild, Wild West out there right now when it comes to the housing market,” Rocha said. “There is so much demand and there’s not enough supply.”
Historically low interest rates brought on by the coronavirus pandemic have home buyers circling properties like sharks in the water. Prior to COVID, interest rates were nearing 4%, Rocha said, and now buyers can get…