Can I Call The Bottom Yet?
Sales are increasing as the interest rates remain stable and prices are stabilizing. In fact we are seeing an 80 percent increase in the total number of sales from last year in Sacramento. Foreclosures and short sales on new homes are a percentage of these statistics, however, the resale market is doing very well in 2009. In East Sacramento and other older established neighborhoods we have found that sales continue to thrive as long as houses are priced right. Buyers are finding opportunities that haven't existed FOR YEARS as interest rates are at an all time low. I seriously believe that we have hit bottom if we aren't there already. Timing is critical and we all wish we all could have the crystal ball but I am going to put my neck on the line and call it.......We have officially hit the Bottom in residential real estate.
For insight and opportunities coming up call me 916 247 8048.
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