As most of you have heard, home foreclosures are up, sales have been down and Wall Street has been taking a beating as a result. Today the stock market steadied due to better than expected home sales figures. While sales of new homes still fell, they only fell by 6/10 of 1 percent nationally.
Here in California, combined sales of new, resale and condos was up again in June by 6.6% That is 3 straight months that sales increased in California. By no means are we saying the market has stablized, it has not. Experts now predict prices will stablize in mid 2009, which is the figure we are all watching.
Bottom line: Buyers are continuing to purchase now that homes are more affordable again. If you have been looking to buy, we suggest you get moving while the deals are here.
Thank you for reading,
Mark and Kari Shea – Shea Real Estate & Investment Group
For more information on San Diego Real Estate, go to www.Shea-RealEstate.com
I found your blog on MSN Search. Nice writing. I will check back to read more.
Eric Hundin
[...] Original post by San Diego Real Estate Agents [...]
Hi Eric,
Thank you, I read some of your information…very useful.
Thank you again,
Mark & Kari Shea