We have recently asked our followers on social media if they had any real estate questions... Here are some good questions that we have answered!
1.) "Will we see prices go down at some point?"
OUR ANSWER: Until inventory goes up it’s not likely. Springtime is when the market picks up but with the pandemic, it’s hard to predict what this year will hold.
2.) "How do you delete pictures off of listing apps after your purchased your house?"
OUR ANSWER: For Zillow, Trulia, Redfin, and Realtor.com you can sign up and claim your property. From there you can delete/hide listing photos. If that doesn't work, we suggest contacting their customer support.
3.) "Where do you see house prices and interest rates towards the end of the year?"
OUR ANSWER: That is such a great question! Realtor.com is forecasting mortgage rates to stay around 3.2% and possibly rise up to 3.4% by the end of the year. And they also predict home prices could go up another 5.7% by the end of the year. However, we would need a crystal ball to know for sure. We do know for sure that unless a large inventory of homes comes on the market and they do not sell quickly, home prices will continue to rise. We will know more as the busy home-selling season starts next month.
If you or someone you know have any real estate questions, please feel free to contact our office and talk to an agent anytime (661) 589-2222 or comment down below!
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Scott Rivera Real Estate Team
Helping Bakersfield Families since 1999!