Wednesday, July 29, 2009

Office meeting brings good news to both realtors and prospective customers

Our weekly office meeting brought some more good tidings to a time when agents and homeowners have long grown accustomed to holding market reports in one hand and either a stress ball or a strong drink in the other.

California, who, along with Florida were the first to plunge down the drop, were also the first to come back, with home sales increased over 20% statewide and 14.8% in Ventura County in June. Aided by federal tax credits and the Obama plan, real estate's recovery exceeded economists' expectations in the most sudden increase in sales since December 2000, the start of the doomed bubble's inflation. Inventory falls as home buyers and all other sectors of the economy regain their confidence, making right now the best time to buy. Century 21 Adobe owner Michael Schaller comments, "Real estate led us into this mess and it's leading us out."

Visit our website to learn more about capitalizing on the rising market.

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