Forbes magazine agrees with my analysis that a lot of areas have stabilized. Some areas, on the other hand, are still experiencing a glut of bank-owned properties. My momentum indicators are showing a perfect buying opportunity. Transaction volume is increasing, median prices are inching upward, interest rates are still low, new permits are very low, and banks are pricing homes to move since auctions are either not successful or a Short Sale is their preferred strategy.
Read the rest of the story here: http://JayEmerson.com/Indicators.asp
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I am a Broker who represents sellers and buyers of residential homes in Sacramento, El Dorado, and Placer Counties. As a consultant, my clients' requirements rule.
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