Real Estate Blog

The real estate conditions are right in California — falling prices, pent up demand, low interest rates — to bring about a perfect storm of real estate sales, creating a hot market statewide. While some prognosticators tout the woes of price drops of up to 50 percent, buyers are seeing the devaluation as a signal to get off the fence. And they are doing just that with a vengeance.

Continued here:
Hot Market: California Leads the Way in Hot Markets

Yes, prices are down. Yes, there are a lot of foreclosures involved. And, yes, Southern California s sales are going through the roof. DataQuick.com reports sales up in the double digits for the second month running. Sales are up ranging from 10 to 48 percent across the region.

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Hot Market: Southern Cal Leads the Way to Recovery