Piedmont Oakland Real Estate is Back!

According to realestate.com, the San Francisco-Oakland-San Jose real estate markets are number 3 in real estate value appreciation.  ActiveRain.com, a social media portal for real estate professionals, conducted a survey of over two thousand real estate professionals and found great optimism in the future of U.S. real estate.  The survey found top investment opportunities for 2013 to be single-family homes as primary residences, rental properties, and multifamily rentals, in that order.

During the financial crisis, shadow inventory was a major impediment to the real estate market’s recovery. Four million units of inventory were short sales, bank-owned properties and foreclosures in 2009. In 2010 and 2011, 33 percent of real estate inventory was held by a bank in some way. Shadow inventory accounted for 25 percent of the market in 2012. The decline in shadow inventory is expected to continue; NAR expects it to drop to a single-digit percentage of the market by 2014.

Now that inventory is tight, the market has shifted from a buyer’s market to a seller’s market. Today, managing the gap between unrealistic buyers and unrealistic sellers has returned to the forefront of real estate industry insiders’ minds as the U.S. transitions into a more “normal” real estate market.

Other common trends among the top real estate markets are a good balance between large corporations and their small business bases, large and growing Hispanic populations, university and military populations, and high quality of life.

About Anian Tunney Piedmont Oakland Real Estate
Anian Tunney, is consistently in the top three in yearly real estate sales for The Grubb Co. in Piedmont Oakland, CA.  She is known for her knowledge, experience and networking in the Piedmont community; qualities which are invaluable in finding that special home for her clients.  She can be contacted at 510-339-0400 /217, at tunney@grubbco.com.  Her website is aniantunney.com.

Contact Information
Anian Tunney
The Grubb Company Real Estate Brokers
Oakland, CA 94611
510-339-0400 ext 217
tunney@grubbco.com
aniantunney.com
aniantunney.com/blog