Timing the market

Timing is everything.  Buy low and sell high, right?

Let's look at Redlands where home prices jumped more than $30,000 or 10% in June.  And interest rates rose another 15%.  The time to buy is now.

But many buyers need to sell their home to move up, downsize or be closer to work.  Many sellers are watching home prices and are holding, anticipating continued increases. Waiting may make sense but its likely the cost of buying will go up too.

Inventories are improving and so are sales with 210 closed sales in Redlands in June.  There are similar success stories for Colton-Grand Terrace, Highland and Yucaipa.