Home Prices on the Rise?
Has the real estate market hit bottom and now on the rise again? Not likely. I believe the rising home prices right now in some areas is a temporary occurrence due in part to homebuyers scrambling to get the nice homes in nice neighborhoods at significantly lower prices than they were back in 2006 and those home prices are being driven up by multiple offers.
Along with still lower interest rates, the first-time homebuyer tax credit, and good weather coming to an end, it makes sense for all homebuyers and investors to get off the fence and purchase real estate now. It’ll make even more sense to buy real estate in the months to come when there will be even more foreclosures and great deals galore. Great places to buy real estate right now are in Lodi, CA and in Stockton, CA. There are even great deals on homes for sale in surrounding areas such as Galt, Elk Grove, Manteca, and Salida.
Here is a link to recent article about the current national real estate prices… Click Here
Make it a great day!
Randy
