Best Time to buy a home in four years! Learn how to buy under market value.

Are you thinking of buying a home in today's real estate market? Did you know that in East Contra Costa County nearly 80% of the homes listed for sale are listed as a "Short Sale" or "REO/Bank-Owned?" Did you know that nearly 50% of the homes in Concord and Martinez are listed as a "Short Sale" or REO/Bank Owned?

Are looking to buy a home under $550,000? If so, chances are that you will come across a Short Sale, Foreclosure, REO/ Bank-Owned or Auction Property.

Auction, Short Sale, Foreclosure and Bank-Owned Properties are common terms uses to describe homes for sale in the current market. The Concord Community Center is offering an education class specifically for the home buyer.

You will learn:

• How each type of home for sale differs.
• The pros and cons of buying each.
• The impact of each on you as a buyer.
• How to buy a home under market value.

The class will be valuable whether you are a first-time home buyer, a move-up buyer or are contemplating the purchase if investment real estate.

Class: 79912

Date: Tuesday, August 19th, 2008

Time: 6:30-8:00 pm

Location: Centre Concord (Clayton Rd and Ygnacio Valley Rd)

Fee: $19 (Concord resident) or $24 (non resident)

To register, call 925-671-3404 or visit http://www.concordreg.org/

READ ON FOR INTERESTING STATISTICS ON THE TODAY'S HOUSING MARKET

	Nov.07	Jan.08	Feb. 08	8-May	8-Jul
ANTIOCH
Total # of Homes for Sale	1199	1150	1185	1105	1039
Single Family Homes	1103	1025	1058	971	917
Short Sale/REO	65%	90%	84%	81%	83%
Price Range	$159-$979	$109-$979	$79-$979	$89-979	$79-979
BRENTWOOD
Total # of Homes for Sale	633	556	533	445	409
Single Family	633	543	516	432	395
Short Sale/REO	75%	95%	74%	64%	66%
Price Range	$299-$4.5	$200-$3	$185-$5.2	$184-5.1	$144-5.2
OAKLEY
Total # of Homes for Sale	376	339	363	342	313
Singel Family Homes	376	338	356	335	306
Short Sale/REO	50%	87%	90%	73%	74%
Price Range	$159-$2.8	$199-$2.85		$129-1.65	$99-1.6
CONCORD
Total # of Homes for Sale	837	676	724	728	628
Single Family Homes	569	448	473	491	396
Short Sale/REO	42%	87%	60%	55%	63%
Price Range	$249-$1.6mil	$164-$3.5	$199-$3.6	$185-3.6	$170-1.375
MARTINEZ
Total # of Homes for Sale	285	192	216	217	215
Single Family	285	192	165	168	170
Short Sales/REO	15%	53%	48%	36%	31%
Price Range	$250-$2.8	$250-$2.2	$139-$2.7	$118-4.5	$119-4.5
PLEASANT HILL
Total # of Homes for Sale	285	192	143	128	135
Single Family	285	192	105	99	108
Short Sale/REO	15%	53%	23%	25%	30%
Price Range	$250-$2.8	$250-$2.2	$259-1.5	$318-1.5	$279-949
WALNUT CREEK
Total # of Homes for Sale	181	258	292	327	310
Single Family Homes	181	122	152	178	179
Short Sale/REO	5%	10%	8%	7%	15%
Price Range	$550-$1.5	$$475-$3.5 mil	$479-$3.5	$449-3.5	$379-3.4