A Feb 3, 2021 Zillow Press Release begins: “Competition is Fierce for Home Buyers, But Acting Quickly Could Save Them Hundreds on Their Monthly Payments”.

The two things which stand out about this press release are that: 1) Zillow has little to gain by urging buyers to buy now and 2) the numbers they provide show the very big impact on home affordability they predict.

Area	Current Rate & Value	3% interest + 8% Growth	3% interest + 12% Growth	3.5% interest + 8% Growth	3.5% interest + 12% Growth
SF	$3,779	$4,253	$4,411	$4,530	$4,698
LA	$2,395	$2,695	$2,795	$2,871	$2,977

Zillow says their experts are forecasting 21.9% more home sales than last year and a price increase of 10.5%.

Government policies that are being reviewed right now could have a dramatic effect on the cost of buying a Silicon Valley home.

If you are a first-time home buyer be sure to view Juliana Lee’s rent vs. buy information.