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.

The light at the end of the long, dim real estate tunnel

Since the 2006 sent the real estate industry as the lead car down this ludicrous roller coaster drop, pulling the rest of the market frantically behind it, realtors have been waiting, screaming, with their arms raised, for this ride to hit the bottom. Most predictions in the beginning of 2009 promised a pick-up in the second half.

Well, the second half is finally here and as promised, things are picking up. For the first time this month, the whole nation has seen in increase in the real estate market. Finally, both prices and sales are starting to rise back up. Furthermore, federal interest rates, drastically lowered to stimulate the economy, have not yet been raised, making this the perfect time to buy a house. Even as the national market recovers slowly, locally, Conejo Valley's real estate market has been on the rise with continual growth since February. With less job losses, less foreclosures and a nationwide, market-wide recovery, we can finally spring to life again, knowing the economy is finally sprung from its coma.