Thursday, November 29, 2007

California housing market keeps dropping

Experts now say that the national housing market will start to make a serious recovery at end of 2008. That is not good news if your business is tied to real estate sales.

Phoenix, Las Vegas, south florida and the Central Valley in California will fall behind in the recovery. Phoenix has 55,000 listings, the highest ever.

What I am reading tells me that there is still plenty of time to shake out good deals for houses IF you can get a mortgage.

I am also seeing many homes being taken off the market. The owners just don't want to put up with selling their homes over the Christmas season. Look for a ton of listings in Spring 08 but maybe even fewer sales compared to Spring 07.

If you don't have to move, DON'T!

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