Can You Read the Tea Leaves???
By Gerard Maher, CRS Ocean Springs, MS
(Coldwell Banker Alfonso Realty)
Here it is the 3rd of June and the state of the housing market is split. On one hand, you have foreclosures coming on the market at record numbers and we are seeing lots of short sales too. But we also see good interest rates on mortgages, and in California, conventional loan sizes have increased to where alot more homes qualify. We also see buyers coming back to open houses, and number of home sales improving. 2007 saw a big hit in the price of homes, with the mortgage market taking huge hits. But where are we today? Are we still decling? Have we seen the bottom? Or are we ready to recover? First, real estate is LOCAL. So what is the national average incorporates everywhere. You have to focus on what is the trends and what is happening in your local market. That is where there are ver...
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