The Tide has turned in our local Real Estate market. It has become a Sellers Market.

Who knew just a few months ago that the housing market in Pleasanton would be blooming just like the Cherry Trees blossom.

Yes you read correctly. In the past month properties that have been listed in Pleasanton at the correct price points are selling in less than a week. In many cases with multiple offers and sellers getting close too or over asking price.

Not only am I seeing this trend in Pleasanton but all over the Tri-Valley. Buyers are out in droves and the housing inventory is so slow there are slim pickings. It's a flashback to when the market was strong a few years ago. Maybe we will see buyers out in pink leg warmers and white Reeboks.......

Maybe one of the reasons could be that FHA come April 1st are changing their fees. How does this affect you? With FHA the normal downpayment is 3.5% of the purchase price and you have to carry mortgage insurance. The rate is going from 1% to 1.75% of the purchase price. So for example you have a $400,000 loan it would be $400. Come April 1st it will go up too $700. Crazy, nuts, call it what you like, but just as the market is rebounding it gets hit on the head with a hammer.

I am sure this weekend you will see many cars parked outside open houses. In Pleasanton over the last 9 days there have been 39 New Listings and 9 of those are already pending. So Spring has sprung in the Pleasanton Real Estate Arena.

If you are thinking of making a move, now is the time. Interest are still very low but slowly creeping upwards and prices are rebounding. Don't look back in a few months and think "I should have" It's too late then......