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Post Info TOPIC: Homes Sales Up 7%

Mastering the Puppet

Status: Offline
Posts: 434
Date: Jul 16 20:53:06 2009
Homes Sales Up 7%

Since the market crash in 2008, it has not been as easy for real estate agents to find home buyers.  Many people and families are staying put and not moving while the economy is down.  The influx of foreclosures have not helped either, but most of all what seems to be hurting the market the most is the lack of stability with short sales. In layman terms, short sales are when the banks are selling homes for less than what is owed.  In the San Diego real estate market, there will be multiple offers on a short sale and the buyer may not find out for months if they are actually going to get the home. 

On the positive, San Diego real estate and La Jolla real estate are beginning to show more than a glimpse of improvement.  Multiple offers on homes and condos are once again becoming common and in areas like University City, there aren't enough homes on the market for buyers.   In the last week, 4 regions of America have sold more than  7% than what they normally sell.

-- Edited by PMP on Friday 17th of July 2009 12:57:33 AM

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