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Long Beach Housing Market

The bottom of the market
December 23rd, 2008 9:23 AM
In Long Beach and surrounding cities, where I specialize, I am constantly asked "are we at the bottom of the market?" or when will we see the bottom of the market?  My answer up to now has always been, nobody can predict that.  The changes in the market, the number of properties and the increased number of sales, not to mention low interest rates are all definitely signals that we may have reached the bottom.  Then today I noticed in the City of Los Alamitos prices were down 1.2% last month.  So...are we at the bottom.  I can't answer that, the market is in constant change and sometimes we are so focused on getting the best opportunity, we miss it and before we know it the prices are going up again.  I tell buyers don't focus on the issue of us being at the bottom of the market, focus on the opportunity presented to you.  The one thing we all know, prices will go back up again.  So when you make your purchase remember, your home will be worth more in the future.  I want you to be able to say I'm glad I bought, not I wish I had of bought when the opportunity presented itself.  Don't be caught in the media hype and doubts and fears.  I'm not trying to downplay the seriousness of our economy but I am trying to tell you if you need or want to buy, don't be paralyzed and unable to make a decision.  Focus on the best deal, the best house and moving forward.

Posted in:General
Posted by Heather Burke & Sarah Ireland on December 23rd, 2008 9:23 AMPost a Comment

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