Conforming Rates – 30 Yr Fixed

Ladies and Gentlemen, it’s been a good ride. Low interest rates have been here for a long time. Beginning with Greenspan’s Fed, and continuing through to today. But folks, they won’t stay for much longer. My crystal balls,

Over all Foster City is the healthiest market in our area. Prices are up and we’re seeing that there were 2 months where prices exceeded the list price. This is something we haven’t seen in several years. Foster City sits in a perfect location for commutes to bio-tech or hi-tech, east bay or the City.

The city is home to about 30,000 residents. This was the first planned community in the western United States. There are single family houses, townhouses, condominiums, and apartments running in various areas of the city and many sit along side the water.

There is a good supply of condos and townhouses to choose from and these offer a more affordable way to get to Foster City schools. Foster City has wonderful parks, the bayside path to walk or ride your bike allowing for outdoor living almost all year round, perfect weather and easy commutes to bio-tech companies in South San Francisco or down to Silicon Valley.

What matters is how the market is today and Foster City has moved upwards and is now a Warm Buyer’s Market and moving towards an equal market for buyers and sellers. This is GREAT NEWS! The Market Action Index places Foster City at 25. That line sitting at 30 is the divide between a Buyer’s Market and a Seller’s Market. We haven’t seen this in well over a year. What it means to the seller is the market is stabilizing.