I am trying to get an idea of how different markets are doing at the moment. I was speaking with some real estate agent friends from Santa Cruz real estate markets and the East Bay real estate markets in Northern California. They both reported to me that the real estate markets were still adjusting down, but the amount of sales increased from the month before due to investors buying up foreclosures.
I guess that is good news if the number of sales can continue to rise. That way the inventory can start to decrease and hopefully start to stabilize the prices. Time will tell.
I would love to hear how your market is doing.
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