I was speaking with a couple real estate agent friends last week about the real estate markets in Northern California. Both reported that the Santa Cruz real estate market and the East Bay real estate markets were still adjusting down in price. Ther was some good news though. They reported to me that the number of sales went up from previous months. They both told me that investors and home buyers were purchasing 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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