Real estate Fremont -Newark
Seeing lot of price drop in many listings.. Is this same across bay area ? should we wait or buy now ?
With the recent H1B policy, you will see prices stabilize. Many folkes on H1B bought houses or were shopping around for homes thinking their extensions will be taken care of because they are a FTE. Now with FTE getting RFE and visa extensions rejected, no one will want to make a long term commitment. The new gen of H1B are also scared of making long term commitment due to lack of visibility. With lack of new customers (existing buyers are still on market), the existing people who wanted to buy will now have a chance to negiotiate a good price.
Buy the home because you want a home, not because you think it will appreciate in value. If you can make the mortgage payment comfortably, then go for it.
It’s definitely going to drop if not crash
If you plan to stay for 5+ years, it’s almost always better to buy. Although, better move to Seattle for +30% TC.
And +30% depression :-)