Working in So. Calif. in the last few years in real estate has been like riding a roller coaster. Hang on and get ready for the ups and downs, things turning and twisting, and a foreclosure and short sale market with no precedence.
Hopefully the new interest rates will get all of the buyers off fence and take advantage of all of the great buys in the market, with the dream of homeownership in mind, and not how much money can I make ohon this house in the next 2 years. That home they looked at 2 years ago is now about 30 to 50% lower in price, depending on the area, and has become affordable.
I have seen this before, people wait until the market drops as low as it is headed. By the time they figure it is at the bottom, all of the really good properties are gone, interest rates have adjusted upward, and they are left scratching there head saying "what happened".
Those people who are really looking for a buy up property, or their first home need to act now while everything is in place, lots of inventory and low rates. These 2 things don't happen at the same time.
ACT NOW - DON'T BE CAUGHT IN THE WHAT HAPPENED TO ALL THOSE GREAT BUYS AND RATES!
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