It seems like yesterday! Huge new IPO’s are again starting to hit the stock market. Execs of these companies are making millions and every day another household name may enter your portfolio. Uber, Lyft, various media posting firms, to name a few, are issuing publicly traded stock and piles of money are changing hands.
SO WHAT?, you shout Unless you are lucky enough to get some of the new stock at issue, you have to wonder how it affects the housing market. The answer is fairly simple. It’s a matter of fact that when people come into money, one of the things they like to do with it is buy a new house. If there are enough of these folks walking around with overflowing pockets, it can have a number of effects on the local housing market. The competition generated for hoses by this cash flow often pushes values up. It also may tighten the availability of housing units by reducing the number that are available at any given time. This, too, can drive prices up.
What to do?
If you’re a Seller, this may be a great opportunity for you. Want top Dollar? Get your home ready to sell. A well prepared home always generates a higher price. If you’re a Buyer, the sooner you’re on the market, you may be able to beat out the competition. In either situation, get in touch with your Realtor for some expert guidance! Give us a call! You know the numbers by now. Peter: (415) 279-6466; Jane: (415) 531-4091. You’ll be glad you did!