Is it a Seller’s Market or a Buyer’s Market?

A question most often asked by someone thinking about buying or selling a home is, “Is it a buyer’s market or a seller’s market?”  It’s a bit surprising how often real estate professionals don’t know the definitive answer to that question! Experience shows that 6 months of available housing inventory is considered to be a balanced market.  Less than that favors sellers and more than that favors buyers.  In the greater Tehachapi area, you can’t just consider the entire region because the absorption rate varies significantly from…

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Why Might Short Sales Stabilize the Real Estate Market?

I hear from lots of prospective buyers that want to get a list of Tehachapi foreclosed properties so they can look for the “best deal.”  The truth is a foreclosed property may not be the best deal whether you are the occupant of the foreclosed home, or the prospective purchaser. As the occupant, if you are just waiting for the foreclosure to go through, you’re not really doing yourself, or your neighbors, any service at all.  I understand that the entire situation is distressing and…

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Spectacular Stallion Springs Open Houses Today!

Three open houses in Stallion Springs today! Three different price ranges available, starting at $149,000.  All three houses are open today, Sunday January 23 from 12-3 PM. Enter at each open house for a chance to win a $60 Pacino’s gift card (one entry per household per location).  The more open houses you visit the more entries you get! Information deemed reliable, but not guaranteed. Presented by:

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Real Estate News Roundup for October 27, 2010

September Sales and Price Report According to the CALIFORNIA ASSOCIATION OF  REALTORS® (C.A.R), September marks the second consecutive month of sales gains.  This news is tempered by the fact that the median price of homes has dropped since August. The seasonally adjusted home resale activity was up 3.8% in September as compared to August 2010.  However, this marks a 12.2% decrease from September 2009. The median home price fell 2.7% in September from August’s $318,660 median price.  September’s median price of $309,900 marks a 4.5%…

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