I am so tired of the doom and gloom about the real estate market that the news reports. When the news puts such a negative spin on it I am not sure where they are coming from. What they fail to mention is that there isn't just one real estate market. "The Market" varies from state to state, zip code to zip code, neighborhood to neighborhood and sometimes street to street. They also fail to mention that the local activity is picking up. Inventory is shrinking, pending sales are up and time on market is down. We are running into multiple offer situations when the property is attractive and priced correctly. Homes are recieving offers and selling sometimes above list price. There is no denying that the mortgage issues put many home sellers in horrible situations. But if you are currently looking to buy in our market you will see there is a lot of activity and competition for homes. But the news continues to preach the doom and gloom scaring many buyers and sellers and giving them misinformation.
Visit the link below and you will see the positive reality in the San Diego market.
Daily Real Estate News May 28, 2008
Plenty of Positive Market News Today
Hungry for a little good real estate news? Leon d’Ancona, president of IMS Inc., has something to cheer you up.
D’Ancona, who provides real estate information to the industry, has set up a Web site http://www.happyrenews.com/ that lists 2,319 markets in the United States where homes are selling well.
For instance, Loganville, Ga., homes sold 38.5 percent faster in April than they did in March, and sales of homes in Avondale, Ariz., increased by 64 percent in April compared with March
"The problem with glass-is-half-empty stories is that they have an undue psychological impact on markets that is not borne out by all the facts," says d’Ancona. "We know, because it's our business to know, that there are hundreds of cities and thousands of neighborhoods in the United States right now where the market is very healthy, thank you.”
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