It's amazing how many people still have doubt in the real estate market even when you see increases in home value as we are seeing now.  The past couple of months have been a little interesting.  There was a drop in average sales prices toward the end of 2013 beginning of 2014.  People were questioning if this was another bubble that we are seeing.  We've actually been had conversations with people saying that prices were going down further after they had already dropped 40%-50% in some areas. 

We've heard it all!  I can remember people talking about a "Shadow inventory" that banks were going to release.  The supposed shadow inventory would hit the market and saturate it with so many homes for sale that home values would take a huge dive.  That has yet to happen.  If you've read our out past newsletters you will actually see that inventory has been extremely low for a great deal of 2012 to present.  I'm not sure where this supposed "shadow inventory" has been the past 4 years. 

Here's the bottom line.  Sellers are in the driver's seat once again, HOWEVER buyers shouldn't be discouraged about buying because rates and loan terms are better than ever!  Please be sure to call us if you're interested in selling or buying a home today!  Call us direct 562-883-1003...