Tag Archive for: 12-day close

Booming Stock Market’s Keeping Rates High! 12-Day Closes; Giant Pool of Money

There are about 1,460 active listings in the two counties near our SF Bay Area office – the lowest number I have ever seen … by far! (In contrast, there were almost twice as many at this time in 2021). Because inventory is so incredibly tight, we are seeing multiple offers everywhere despite today’s higher rates. As a result, the majority of the contracts we’re getting are 12-day and 14-day closings, as fast closings continue to entice sellers. Hence, we are again encouraging our buyers and agents to ask about our 12 and 14 calendar (not “business”) day closings.Read More