Here on the news that all these high interest rates, you know, the market is slow. Maybe it is nationally, but are you surprised that home prices keep going up in the Bay Area? That’s not surprisingly at all, because for some reason, the Bay Area is a really desirable area that a lot of high tech people and people get paid really high salaries.
Also, we have a really low inventory. That’s also why we have amazing weather here. So, you know, people keep moving to California. So yeah, it is a demand and supply. So now, like we understand what the interest rate is going up, we kind of have the opposite effect where most people kind of initially thought that prices will go down with higher interest rates.
But the opposite has happened. Right. So now we are going to have rate cuts.
