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 when the government stepped in and offered a bonus, which despite it having dramatic effects, they re-sweetened several times. The inventory is artificially low due to a lack of foreclosed properties being available that would otherwise be subsidizing our low inventory count. So we are in an artificial Real Estate Market, and the pain of this has been drug out longer than necessary.

The market is always changing, and there is constantly new information to contend with. So for all of your Real Estate needs; Don't just hire anyone... Hire a Pro! My Real Estate Pro West Covina.

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