I’m looking to buy again here in LA. Great prices!
Have fun. We’re starting a couple of short sales for clients in O-side and Murrieta. I loathe the slow bank responses. But it’s business and both are neighbors.
I've read that parts of CA,NV and FL...all having seen huge jumps in prices in the early and mid part of this decade...have seen huge drops in the last year or two.I've specifically read that Florida's crash is still in progress.Don't know if that applied to CA as well.
It is an excellent time to purchase...In our area of So. Cal the inventory shrinks as properties only seem to last about 1 to 3 months, and they're sold...And you know these are qualified buyers going in because that is the *first* thing the RE agents look at nowadays.
I’d wait until early next year. Prices are still going down in L.A. Next wave of foreclosures is going to take prices down another 10%.