With this huge Real Estate recession, where the average home has lost 50% of it's value in the last 3 years, it's not surprising that a lot of people are "gun shy" about buying a home. The key is knowing where the bottom is. Just like in the Stock Market, you want to buy low and sell high. Well, this is the market we have been waiting for. We are at the bottom, and in some areas we are actually going up a little bit. Here in the Antelope Valley, we have a lot of investors who are buying homes to either "flip" or rent and hang on, knowing that the market will improve. There is so much cash out there I can't believe it. Where have these people been?...waiting for this moment. Antelope Valley (Palmdale, Lancaster and surrounding areas) has some of the most affordable homes in California. I work with investors all of the time. The key is strong offers , quick response and multiple offers. There is a lot of competition.
Good Luck
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