Do you love news that says buy now? Tired of the bottom feeders?
Well, the bottom has already passed and prices keep going up.
.. while home sales are down sharply from last year’s hyperventilating pace, the sales rate in November would be right about the average if you look back over the past 18 years
Granted it isn’t 2005, but as this article shows, home prices in L.A. have inched higher, even though there is less volume.
So it appears that a prediction of a soft landing was right. This is great sales fodder for your buyers sitting on the fence. Thanks to http://www.therealestatebloggers.com for the heads up. As one of the commentors points out that he thought he sold at the top and the condo he sold keeps going up.