Is Real Estate on the Rebound?
From my professional experiences since the beginning of '12, I have completed three all cash transactions and have several more in the works with lenders somewhat hamstrung with new regulations but it looks like they will eventually work their way through the hurdles and close escrow. Luckily NONE are shortsales or foreclosures. I believe Real Estate is on the Rebound.
In comparing notes with fellow active brokers and agents, lenders, inspectors, appraisers, we all feel the positive energy, the hope of the end of this industry draught. We believe Real Estate is on the Rebound.
In reading through many industry articles, one has to pick through the important words and dig beyond the 'Buy Lines' to get the the meat.
There is also a ying and yang in the dynamics of the industry that needs to be understood. When do the interest rates rise and what will the effect be? To what level do the foreclosures need to sink for housing starts/construction to get back to the levels needed to sustain a growing population? How does the purchase of forclosured properties by gov't agencies, really benefit the tax payers?
This is a Trillion dollor question, because that is what it takes to do this and IT AFFECTS ALL TAXPAYERS!!!
In the areas I work, Santa Cruz, Monterey, Santa Clara Valley and enchanting Lake Tahoe, the inventory is shrinking, the asking prices and selling prices are narrowing, the quality of product is far better than the crazy days of rocketing sales and quick flips. Don't wait too long, Real Estate is on the Rebound.
With interest rates so low, don't pass up this chance to own the American Dream or even Build your own.
Call Me today, I will be happy to start you on your way to Home Ownership.
Marlene Henderson, Broker/Owner - Ca/Nv
MoeBEST-Henderson Properties and
Property Management
00599374
831-429-9091 Office
831-419-9091 Cell
www.BestSantaCruzProperties.com
"When only the BEST will do . . . . .
MoeBEST-Henderson Properties and Property Management"
