Housing Market Continues to Tread Water, Forclosures down, prices Fairly Steady 03-04-10 Status

According to the Valley Voice a well respected newspaper in Tulare County. The Headline said it all. And it is very much on target. For what I have been experiencing in the last few weeks.

It appears that the value of the homes is starting to creep in an upward position. and I see a lot of investors still out there flipping those bank owned reo's and coming out okay.

Short sales are still the biggest listings out in the market today. And it appears that some lenders and negotiators are starting to work with us alittle better. Still not the perfect scenario for the first time homebuyer that wants to take advantage of that tax benifit. However, with some lenders wanting to get some of their books clear off for their first quarter. Things may be improving.

The Bank owned reo's are still being released slowly. To keep the demand up and the market steady. And ofcourse many buyers are still thinking that since it's an reo "distress sale". They will make low ball offers way under asking price. And I havn't seen that working. Because generally there will be multiple offers on them. And everyone "Buyers" will generally be countered at "Best and Highest" offer. So if you really want that property. Buyers better step it up. and go the highest and best offer you can. Otherwise you will probably loose it to the one that did step it up.

I still see the market holding very steady and everything moving. So that is big positive for a first quarter. Let's see if those prices keep increasing and we can start seeing some regular owner type listings.

Have Great Day! Let's all go sell a home today. And make some nice person smile with their new home keys.

Sincerely

Eddie