Recovery is on the Move!Recovery on the Move!
This time it’s really happening. Existing home sales have been up for the past 5 months and my phone hasn’t stopped ringing for the past several weeks. Offers are coming in on listings and there seems to be a sense of urgency in the buyers that was not present during the last half of 2010.
It’s about time we had some good news for homeowners! The freefall of prices for the past couple of years has stunned all of us, but thankfully, the market seems to have definitely stabilized and all indicators are that we are on our way back up. It’s important to note, however, that even though the housing market is improving, it will probably take a few years to see any significant increase in property values.
Buyers are finally realizing that prices, most likely, won’t go any lower on the Central Coast and with interest rates on the rise, now is the time to get that home that they want. I believe that buyers who continue to sit on the fence will pay more per month for the same house next year that they are considering a purchase of today.
If you are not sure how to begin the process of buying or selling, you may contact Nancy Puder at (805)710-2415 for a free real estate consultation.
Nancy Puder is the owner/broker of Signature Properties Real Estate Sales & Property Management, located at 124 S. Halcyon Rd., Arroyo Grande, CA 93420. You may reach her at (805)710-2415 or visit her website at www.SignatureProperties1.com