Is it time to buy?
Today, on the front page of the LA Times, “Southern California home prices edge upward again in October,” would suggest maybe the time is now to pull out the checkbook. Or at least, kick the tires a little harder.
Timing is everything. Combined with the federal tax incentives for first-time and move-up buyers, interest rates near, or at, historic lows, the holiday season and our infamous buyer’s market – could there be a better time to make the move back into the housing market?
Closer to home – MDA DataQuick reports Orange County number of sales decreased -1.2% from October 2008 to October 2009. Sales prices, for the same time period, increased +3.9%
Check out the real-time market trends report below. You can see things have started to move up.
The questions are: Will it stay that way? Are we in for another downturn? Do you believe sustained real estate housing price appreciation is back?
Please post your comments below. I want to know what you’re thinking.
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