joof

Short Housing for the Long Term

I know 2 well established veteran and competent CA real estate agents ( not newbies that got their licenses at the tail end of the boom) that had their best years ever last year, and are doing even better this year. They are making up in volume what they lost in price

Data (not self serving anecdote) say that in better CA real estate markets resale supply is less than 5 months, in some cases as low as 3 months, sales. This is different than FL and NV and AZ. Multiple bids on well located entry or first move up houses have become the norm. Many sell for better than list. Affordablity is at a generational high

Check Data quick if you don't believe me

More foreclosure are hitting the market, but sales rates thus far this year are keeping up. After the summer.....who knows?