first time home buyer: West Covina Real Estate Market Update - 08/21/09 03:33 PM
West Covina, CA- The West Covina Real Estate market is in for a crazy next two months. With a historically low number of homes available for sale, coupled with the incredibly high demand for housing is crazy enough. Now throw in the near end of the first time home buyer Government Supplemental Housing credit and... The West Covina Real Estate market is in for a roller coaster of a time these next two months. Friday, August 21, 2009 Current Available West Covina Homes: 101 (33.7% are distressed properties)# of homes sold in the last 30 days: 75 (new jump in sold
(0 comments)
|
first time home buyer: West Covina's Artificial Real Estate Market - 08/21/09 03:27 PM
West Covina, CA- Prices have been low and demand has been high ever since the Government introduced the first time home buyers credit. Anyone who passed High School economics with a C should be able to tell you the price is going to go up, and IT HAS already begun to rise over the past three months. The inventory has been steadily declining ever since the government implemented the 90-day moratorium on Foreclosures, and exacerbated the already slow foreclosure process by putting the burden of showing they offered a work-out option for the current owner. The high demand was artificially created
(1 comments)
|
|
|
|