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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Adventures in Coastal California

My wife and I moved to Paso Robles, California recently. The sticker shock for the cost of houses is still a reality despite the downturn.

We bought a beautiful home in a newer subdivision for $560,000. The house was listed last year for $660,000. I felt that the price we bought it for was a bargain even though it may still drop some in 2008.

Paso Robles is midway between San Francisco and LA. We visited relatives in LA last weekend The drive took 3 hours each way.

Looking for house in Coastal California? Contact me and I will help you. If you want to learn more about the new trend toward real estate rebates, visit:
http://www.flatfeerealestateguide.com