I talk to many Realtors throughout the day and they are telling me business is jumping!
This seems to be better than my typical real estate market thermometer which is drive down the street and count the sold vs for sale signs on front lawns. ;-)
Now I read over at the Contra Costa Times that the experts are smelling the rosey side of the real estate sales.
UCLA Anderson Forcast:
"Prices will come down a little, but they will come down so slowly the strategy of waiting and waiting will not work," Leamer said, adding that in the past, prices dropped 25 percent -- but over five years. "They need to lock in that mortgage rate and stop reading the real estate page."
WOW here is some sale fodder for you:
They need to lock in that mortgage rate and stop reading the real estate page.
Robert Kleinhenz,Deputy Chief Economist,California Association of Realtors:
"I would be surprised if we saw any huge deterioration in home prices, but I would expect some small declines," he said.
Drew Kusnick,Territory President,KB Home South Bay
"I think it will be a transitional year," he said. "I think we're seeing prices stabilize right now and seeing more people buying. Now, there seems to be some real demand in the marketplace."

Recent Comments