The California summer has brought out the buyers in real estate, definitely making people take notice to the changing real estate market trends. May and June brought out all types of buyers across the state, particularly in the strongest markets of Southern California, Sacramento, the Bay Area, and more. Some market watchers are expecting a year’s worth of growth to rise property values by 10 to 20 percent, depending on the location.
The above said, some of the growth may be tapered a bit due to mortgage rates also rising now above 4.1 percent for the 30-year fixed mortgage rate average, which is the bellwether of consumer real estate financing. However, business is still brisk, and many homes for sale now a realizing multiple offers.
For those real estate agencies in need of a reliable escrow agent and processing for increased sales and title needs, Brighton Escrow is available to meet the demand. Serving the Hermosa Beach greater region, Brighton Escrow provides assistance to real estate transaction in all the major escrow needs, including formal communications, title searches, asset transfers, deed recording, managing title insurance issuance, final statement preparation, payment processing, and escrow closing. So call Brighton today to meet the rising sales demand in California real estate.