I hear more and more potential buyers these days telling me the same thing "I'm going to wait a little longer to buy our next home". What would prompt you to wait I ask? Many buyers, especially ones who are not totally up to date with the market trends, truly believe that the longer they wait to buy, the better deal they would hope to get. Not necessarily so I say.
Take Orange County, CA for instance. Several months ago, many buyers were getting about 20% under list. Within the past 45 days or so they are now approaching 5%. WOW! That tells me that before long, and based on the trends, list will soon be above list, and so begins the recovery we have all waited for. Slowly, but without a doubt surely! Inventory drops, demand grows, prices go up. So what are you waiting for?
The proof is in the stats, and not on your local evening news. If you want the real down to earth straight from the horses mouth truth, ask a Realtor, Like me.
Bye for now.
Jeff Taylor / First Team San Clemente
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