Real Estate Market Vibration

I seriously think the time is now for the 1st timers and investors to start snapping up the deals. Hey, even the Reo's (bank owned properties) are starting to adjust their asking prices downward and still accepting much less on an offer. Some great deals are in the market and more are on the way as the pipeline with short sales/REO's is loaded. If you need some help navigating this market give me a call at my office (530)222-4444. Just ask George

I'm hearing things daily now with respect to lower interest rates, FHA restructured for the first time buyer, a tremendous inventory of entry level homes and the best part...motivated sellers (prices have dropped considerably).  Add to this the some 82 REO's  (bank owned properties) and the buyers have the perfect market to call a home their own. The market in Redding is ripe for the picking for the entry level and the investor. I'm perplexed as a Realtor as to why these groups are still waiting. Is it the negative press alone that is driving this?  How about the increase in a gallon of fuel? Sure some are taking advantage of the perfect market, but what is reason(s) for the ones that are not?  Any ideas?

George

Real Estate Center