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Opportunity Fading?

By Dana Lopez

Managing Real Estate Broker with Brix Real Estate Inc.

March 16, 2012 04:15 AM

As I opened my local newspaper this morning, The Napa Valley Register, I came across an article entitled "California Home Sales Jump In February". This is BIG NEWS FOLKS. This means that the amazing opportunity that has come out of the market these past few years could be fading.

HAVE WE FINALLY REACHED THE TIPPING POINT? That is the million dollar question and many, if not most real estate professionals are saying YES! With the rate home sales have been increasing it is likely that we will be seeing the California market switch from a buyer's market to a seller's market. Meaning the opportunity buyers have could be quickly fading.

Is this a sure thing? Absolutely not, however, all signs point to a steady increase in sales. Any good investor will tell you that if you have the means, BUY! Buy, buy, buy or you could be saying bye-bye to this amazing opportunity.

http://brixrealestate.com/

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Dave Kohl

First In Promotions - Chicago, IL

Extreme Real Estate Marketing

I'm not putting any stock into that "news". The constant flow of home sales statistics has, if anything, contributed to the negativity out there about the real estate market. Investors are buying when and where prices are well below market value. The "true" potential home buyer, if he/she/they can qualify and then find a reputable lending source, are not buying based on new statistics. Rather, there is a need or want.

Have you received an inquiry asking, "I saw the latest statistics. What have you got?"?

This information is not like mortgage rates, where a big drop will spur activity.

Mar 16, 2012 04:26 AM

Anonymous

Dana Lopez

Statistics only spur activity when they may protend the fear of loss. Actually what I have seen lately is mortgage rates and low end home prices taking aslight bump up. This has spurred quite a bit of activity in the low end both from investors and first time buyers. The low end is going up in Napa, Solano and Contra Costa Counties. Will it hold? Can't say but right now we are seeing multiple offers and quick sales in the lower price points.

Mar 20, 2012 02:18 AM