Recently, Southern California is experiencing multiple offers on first time homebuyer properties, below $400,000. Oftentimes, lower priced properties are being bid up over asking price. This is a clear sign of market stabilization and an end to further price declines in the market. Although no one is able to predict the bottom of a market until it has passed, I believe that the So. Cal. Real estate market is slowly recuperating and buyers should not wait to take advantage of federal income tax credits, incentives and very reasonable interest rates. Now is the time to get a great deal on a new home before prices begin to appreciate again.
Regards,
Alan Parness
www.parnessproperties.com
Tags: alan, first time home buyer, homes, houses, parness, real estate, realtor
