Temecula, Murrieta
& Lake Elsinore Home Buyers
LOOK AT THOSE NUMBERS!
Prices are still dropping, and that's not good for private Sellers. Our sales prices right now are being driven by institutional Sellers (banks) and they have deep pockets and great incentive (to keep from going broke themselves). Prices will continue to drop until sales whittle away the inventory we've built up. If sales stay strong, prices will stabilize and the rebound won't be far behind as pent-up demand pushes the market. Great deals out there now with some single family homes now selling under $200,000. First-time homebuyers are in luck - if they can find a lender to work with. I've got the lenders so call me.
LOOK AT THOSE NUMBERS!
I’m
not trying to tell you the slump is over – we're going to
keep piling on bank repo's for another 12 to 18 months. But the numbers
speak for themselves and this
is the 2nd month in a row where
the number of homes sold has exceeded last year.
Murrieta's sales volume was over 4 times what it was in May 2007 and
Temecula nearly doubled. Lake Elsinore had a little dip last month but
overall the numbers are very positive and close to 2006
levels.
Prices are still dropping, and that's not good for private Sellers. Our sales prices right now are being driven by institutional Sellers (banks) and they have deep pockets and great incentive (to keep from going broke themselves). Prices will continue to drop until sales whittle away the inventory we've built up. If sales stay strong, prices will stabilize and the rebound won't be far behind as pent-up demand pushes the market. Great deals out there now with some single family homes now selling under $200,000. First-time homebuyers are in luck - if they can find a lender to work with. I've got the lenders so call me.
Obviously
2 months doesn’t make a trend but keep your eyes on these
numbers and if you want to take advantage of the BEST
BUYERS MARKET IN 20 YEARS, give
me a call. This dip has already lasted two years and signs of recovery
are starting to show. You've already seen the FED worrying about
inflation numbers so don't be surprised if interest rates start
creeping up again in a few months (after the election). A 1/4% increase
in your interest rate neutralizes a price decrease of $5,000 so don't
wait too long to make your move. This is the window of opportunity you
swore you
wouldn't pass up next time. DON'T
Gene
Wunderlich - Selling Southwest California Homes including
Temecula, Murrieta & The Southern California Wine Country
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