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Headlines are shouting “Home Prices are Rising” and you may be wondering what this means for you. Have you been waiting for the right time to buy? Have you been struggling, holding on to your real estate until a time when you can sell and make a profit or hope to break even? Unfortunately there is no correct answer when it comes to timing.
Timing the buying and selling of real estate is local, differing from market to market. While overall as a nation the trend is one of improvement some areas of the country are seeing an increase in both volume and price where other areas are still seeing high numbers of foreclosures, low volume and dropping prices.
So, if you are wondering whether or not now is the time to buy or sell real estate then you must take a good hard look at your local market conditions. Speak with an experienced REALTOR today to see if what you would like to do makes sense. Certainly there are a number of great real estate opportunities out there at the moment it just depends what side of the process you are on.
We have just completed our Market Reports for the Santa Clarita Cities and they are showing a downward pricing trend for most of the Cities in the SCV. This is a change from the past several months where we were inching up every single week. Get a Subscription to our Market Updates by placing your email address in the subscribe box below this text. That way you can stay on top of the BEST intel with regard to real estate on the WWW.