Pendings are up, in fact doubling", closings are right behind! The Ca. Central Valley is rebounding in a big way when it comes to Real Estate. Now even more "GOOD NEWS". the Feds are helping out too! Check this excerpt from the Mercury News today....
FHA boosts loan ceiling
LIMIT NOW $729,750 IN VALLEY
Article Launched: 03/06/2008 01:33:45 AM PST
"Offering a ray of hope for a struggling California housing market, the government Wednesday doubled the limit for loans guaranteed by the Federal Housing Administration in 14 high-cost California counties, including Santa Clara County.
New, temporary limits announced by the U.S. Department of Housing and Urban Development were derived from median home prices in each county, and top out at $729,750. Previously, the maximum was $362,790."...
...Full story on this link... http://www.mercurynews.com/valley/ci_8472574?nclick_check=1
It's a great time to buy in the Ca Central VAlley! For all the Agents who worked so hard to survive this market fluctuation...Way to Go!!!