Sales are really picking up throughout Southern California. We have seen this in Floral Park recently, and as I was reading Laurie Manny’s blog this morning, I noted that she also said things are really moving in Long Beach, see www.longbeachrealestate.com. Buyers have figured out that prices are at their lowest point in a long time and interest rates are beginning to rise. Those buyers who do not have their rates locked in may be surprised when they make a loan application.
Jeff Parks of Home Security Financial said he has seen a lot of volatility in the interest market right now, contact him at 714.809.3022 or jeffreyp@hsf.biz for more information rates and the mortgage market.
All that being said, this is the time to buy… before you miss the window of opportunity.
Buyer Loans Market Condition mortgage real estateThe number of pending sales has increased drastically in the last month!! Stats and more information about this is noted in the CAR newsletter www.car.org article regarding the tremendous increase in “pending sales”. This is exciting news for sellers and also a little startling for buyers. It is almost commonplace now to have multiple offers with 3-4 offers on well priced homes. While a number of these are short sales and bank owned, the market is obviously changing and the investors coming back.
increased sales market conditions mortgage Pending real estate
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