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Hello world!

Posted by
at February 18, 2008

Hello all and welcome to my first blog.  As you know this is an opportunity to read and express your opionions or just ask questions. We are also looking for your input for other articles. What is important to you. Let us know.

We all know tht the Real Estate market is in a downward spiral. Forcloses and short sales are at an all time high. There were over 1300 notice of defaults filed last month. The followong is from the California Association of Realtors:

HOME SALES DECREASE 29.8 PERCENT, MEDIAN PRICE FALLS 21.9 PERCENT
Home sales decreased 29.8 percent in January in California compared with the same period a year ago, while the median price of an existing home fell 21.9 percent, C.A.R. reported Monday.

We all know that from history that the market always recovers, and when it does, it goes higher than before.  Now for the good news. Thinking of an investmet property? How about that larger home (rent your existing home)? Maybe a second home? Interest rates are still low. Something to consider.

Tags: Buying, San Digo Real Estate, Selling. HOME SALES DECREASE

Related posts

Foreclosures, North County Real Estate, Short Sales