Thoughts on the Current Indications of Possible Housing Market Stabilization
Thursday, August 6th, 2009If you’re wondering what’s going on with the housing market and whether a permanent home price stabilization trend is underway, you should read this article….which is one of the best ones I’ve seen recently on the topic of the US housing market and likely future trends. At HausAngeles we are seeing clear signs of what we would describe as a “mini buying frenzy” at the low (below 400K or so) and medium (below 750K or so) ends of the real estate market in Los Angeles County. Most properly priced homes listed to be sold are seeing multiple offers, with many offers and sales occurring above the property listing price.
