Traditionally December brings the lowest interest rates of the year. December of 2010 has given us about a 1/2 % Rise in interest rates. Traditionally December brings out the least buyers. December of 2010 has the phones ringing off the hook with well qualified and motivate buyers.
The media reports indicate that home sales have plummeted and the same with pending home sales. Further more jobs reports show a decline. The Fed has bought down the interest rates yet this December buyers and sellers are seeing a contrary result. Does this officially indicate that we are long past the bottom of the market and the real estate future is bright?
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Your Friend & Realtor,
Tony Lewis * RE/MAX of Valencia www.TonyLewis.com tonyglewis@yahoo.com 661-702-4720
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