According to the San Francisco Chronicle (sfgate.com) home sales in California and the Bay Area are starting to rise. See the article: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/05/24/BUGF10SMUG.DTL
Many in the real estate industry have been waiting for investors to jump in and start buying. Prices have been low for months, and getting lower as bargain-hunters wait for "rock bottom." Well, this is it. At least according to this article. As of this writing, prices are at their lowest, but home sales are starting to climb. Could this be the end of the slump? Yes! Maybe!
The recent decrease in market activity has brought hardship to families across the U.S. with historically high foreclosure rates. The silver lining could be that the industry has been refined. Those who became Realtors thinking it was easy money have moved on to greener pastures, leaving seasoned professionals and die-hard real estate lovers to sally forth. Those of us who have been working with banks to sell their newly acquired listings (REOs) have gained knowledge which can only be an asset to investors and home-buyers looking for a great deal.
Call your trusted professional Realtor, and grab yourself a bargain. Stephanie Gregory, Realtor 707-372-5642, gregoryhomes@gmail.com.
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