Well ok maybe not, but here in Southern California seems like a lot of the news would have you believe otherwise. Yesterday the Los Angeles Times reported that prices are down, sales while up compared to February are lower than normal seasonal increases, blah,blah, blah, http://www.latimes.com/news/local/la-fi-homes16apr16,1,5279643.story
What isn’t being talked about:
Well in my office just in the past 2 weeks some of my associates have seen as many as 12 offers on a single property. One even had multiple offers above the asking price.
Now that’s not to say the pain is over, BUT median home prices across the state or average days on market don’t tell the whole story. If they did your local lawyer wouldn’t have the book:
Just like in so much of life there is more below the surface.
One of the questions that I ask myself( and hopefully you do to) is,
What might this person hope to gain from telling me this?
Well in the case of the media. They say “Home prices up, economy strong, unemployment down, and sunny weekend coming.” And we all go, “Isn’t that nice”. But if it’s “The sky is falling, the sky is falling.” Well than most of us stop and buy the paper, the magazine, or watch the 6 o’clock news and hope to make sense of it. Are these bad people out to deceive everyone? Or are they simply doing their jobs and trying to sell you something? You’ll have to decide for yourself, but in the meantime I’ll continue to be an optimistic/realist. Look for the opportunity that others don’t see.