Well it is the time to start reporting on what has been happening so far in real estate in 2008. We are approaching the end of the first quarter and there are some things that everyone should pay attention to. For today I thought everyone might want to know how the sales this year stack up to last year. The graph to the left illustrates what is happening.
So what does this all mean?
- Los Angeles home sales are currently down over 50% for the same period as last year.
- There are opportunities available for buyers who are looking to purchase a home.
- Homes are still selling it just may been accepting a lower price than the seller originally wanted.
- The conforming loan limits has been raised which will help more people purchase a conforming loan than ever before.
- Homes are still selling!
So it is not all doom and gloom. Homes are still available for sell and people are still looking. In fact right now you probably have the most motivated buyers and sellers out there so match them up and you have a win!
0 comments:
Post a Comment