Just got an email from Steve Goddard, California Association of Realtor’s President. In it he states the following:
“It’s heartening to see encouraging signs in both the general economy and the real estate market in California. As is often the case, California is ahead of the nation in market recovery. The state’s median home price increased year over year in November for the first time since August 2007, sales bottomed out more than two years ago, and the median home price reached its trough in February 2009. Going forward, we expect the statewide median home price to rise 3.3 percent to $280,000 this year, with a slight decrease in sales. While no one has an infallible crystal ball, it looks like the worst is behind us, and we can move forward with confidence that better days are ahead.”
Instability is bad for the market. Now that we have more stability, the market will improve for buyers and sellers alike.
If you are selling, please visit www.AaronZapata.com/bio.asp and review my Real Estate resume. I can help you get the most money for your home. If you are buying, check out www.NorthOCHomeSearch.com were you’ll find every property listed by a Realtor.
I look forward to hearing from you!