May was the best month for real estate in Santa Clara County since mid 2007.
- New pending sales of single family homes of over 1755 was highest since mid 2004.
- New closed sales of over 1000 are highest since June of 2007
- Total inventory of available houses in the county was 3375, down 25% from the high in mid march.
- Interest rates have edged up and may go higher. Loan officers are recommending to Lock rates because they don't expect they to drop.
Wednesday, June 3, 2009
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