Los Altos single family detached homes show a 40% increase in supply since 2007 and a 56% decrease in demand. It is much harder to qualify for a loan that it was in 2007 and it is my opinion that the demand has decreased in great part due to this face. However, if you are a buyer and can qualify for a loan now (assuming you are not purchasing all cash), it is a great time to have more choices and take advantage of motivated Sellers, plus good interest rates.
