As we approach 2025, the Lamorinda real estate market shows promising signs of renewed energy and opportunity. The Dana Green Team has been closely analyzing recent market trends and economic indicators to provide you with meaningful insights.
Leading economists are painting an optimistic picture of the real estate landscape. Freddie Mac Research forecasts improvements in the mortgage market, predicting a decline in mortgage rates that could loosen the rate lock-in effect and potentially increase market inventory. Lawrence Yun from the National Association of Realtors notes growing home buying momentum, supported by continuous job growth and expanding housing inventory.
The California Association of Realtors highlights additional positive indicators: rising consumer confidence, higher conforming loan limits for 2025, and recovering mortgage rates. While challenges remain, these insights suggest a market primed for opportunity.
Our local market historically experiences a strong rebound in early January, with momentum building through the spring months. We're seeing growing interest from potential sellers, which could create exciting opportunities for both buyers and sellers.
Our team remains committed to providing real-time market intelligence and personalized guidance. We understand that real estate decisions are deeply personal and often life changing. Whether you're considering selling your home or looking to purchase, we're prepared to navigate this market with expertise and care.
We look forward to connecting and helping you achieve your real estate goals in the coming year. Please don't hesitate to reach out to discuss your specific needs and aspirations. I will be taking a little break from my weekly message to enjoy time with family and friends and will resume this email on January 8.
Happy Holidays!