I am currently in Sacramento with the some of the finest Realtors for "Legislative Day". This is where Realtors representing all regions of California through the California Association of Realtors (CAR) migrate to the State Capitol to lobby real estate issues to our legislators.

For example, one hot topic this year is "Point of Sale". If passed, this would require home sellers to have an inspection to bring their home up to green standards. It put enormous stress on the real estate transaction process, imagine being in escrow and finding out your home needs to have new windows, insulation, heating, etc. That would be expensive and time consuming. While Realtors are all for being green, we feel that Point of Sale is not the best way to achieve the goal of helping California homes become more energy efficient.

We had a luncheon on 6/5 with CAR's Executive Vice President and Econimist Joel Singer. I thought it was interesting that he mentioned his daughter recently got married and he told her that her main goal should be to buy a house prior to 12/31/2008. He indicates the worst is over and that the market has already adjusted. With rates being historically low and plenty of inventory for buyers to choose from, it is an ideal time to buy real estate. See Mr. Singer's Economic & Housing Market Outlook 2008.

Don't be in the "shoulda, woulda, coulda bought real estate" category! If you would like to move up to a larger home, are a first-time home buyer, or looking for deals to invest in, now is an excellent time. If you are in the LA/South Bay area and would like to explore your real estate options, give me a call at 310-728-5795 to review your real estate goals and get you moved!