Silver Creek Valley Homes For Sale | Moving Up to Your Dream Home? Don't Wait!
Silver Creek is one of the most beautiful valleys in the San Jose area with beautiful scenery and rolling hills.
There's is an abundance of open space, hiking trails, great schools and charm. Locals know that Silver Creek is a great place to raise a family.
While some people may say that the area is energized by new growth and rapid changes, Silver Creek somehow retains its old-fashioned charm and authenticity to provide a tranquil life for your family
Connect with the past, present and future in Silver Creek Valley, one of the most charming neighborhood you’ll find in the San Jose area.
Every home buyer has a wish when looking for a home, while not all of them are granted, the ‘feel good magic’ happens when they start seeing homes around neighborhoods of this beautiful valley.
Is the people what makes this place a little different from others, It's a great place to live.
Neighbors welcome you with open arms and share indiscriminately the beauty and charm that Silver Creek has to offer.
Today I would like to point out specifically about Moving Up to Your Dream Home? Don't Wait!
Mortgage interest rates have risen by more than half of a point since the beginning of the year, and many assume that if mortgage rates rise, home values will fall. History, however, has shown this not to be true.
Where are home values today compared to the beginning of the year?
While rates have been rising, so have home values. Here are the most recent monthly price increases reported in the Home Price Insights Report from CoreLogic:
* January: Prices were up 0.5% over the month before.
* February: Prices were up 1% over the month before.
* March: Prices were up 1.4% over the month before.
Not only did prices continue to appreciate, the level of appreciation accelerated over the first quarter. CoreLogic believes that home prices will increase by 5.2% over the next twelve months.
How can prices rise while mortgage rates increase?
Freddie Mac explained in a recent Insight Report:
“In the current housing market, the driving force behind the increase in prices is a low supply of both new and existing homes combined with historically low rates. As mortgage rates increase, the demand for home purchases will likely remain strong relative to the constrained supply and continue to put upward pressure on home prices.”
If you are thinking about moving up to your dream home, waiting until later this year and hoping for prices to fall may not be a good strategy.
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Give us a call at 408–741–9300 before buying or selling your next home.
Don Orason, Owner — Silicon Valley Real Estate Team