After a bit of a hiatus, we have returned with more energy and excitement. Excitement you ask? How can that be with all the horrible news and cries of impending doom!? We're excited because this is an interesting market with tons of opportunities (which don't necessarily stick around for too long). Yes, there are homes sitting on the market, over priced maybe, and just waiting around, but there are also many homes (in this San Gabriel Valley area) selling in the first week with multiple offers above asking price. Buyers are out there watching, waiting and moving in on properties when they find the right one. So my word of advice looking down the 2008 pipeline, don't wait for prices to drop, get out there, search the properties, and find the home you want. Recession or not, we are in it, so let's take advantage of what is out there. On that note, a few articles to catch you up before the beginning of another (hopefully sunny) week in Southern California.
Bernanke, Buyers and Building
Fed chief says central bank 'strongly committed' to easing mortgage crisis.
Buyers would get easier-to-understand mortgage terms and save about $700 in closing costs under a new proposal.
It's the best time in years to take your blueprint off the drawing board and construct it for real.
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