Economists are predicting a FURTHER 2.5% drop in home values for 2012 - they further predict that this will be followed by an anemic growth rate of only 1.1% through 2015...
So why do I bring you such dire news??? And why do I find it exciting???
Because for everyone that is 'waiting for the market to recover' before they list their home OR you are refusing to reduce their price because they say 'I don't have to sell' ... remember that if you do nothing, it will take you until 2016 just to get back to where values are TODAY!
Granted, each sub-market is different but even with the assumption that we Southern Californians are 'better-off', you have to consider that the rest of the nation will act as an anchor - slowing down our own recovery...
Remember also that all news can be interpreted two ways - I see this as creating an opportunity, whether thinking of buying or selling - you should also!
Jane Loveday
Licence # 01439083
Pacific Sothebys International Realty
619-519-1615 Cell
http://janeloveday.com/
http://www.facebook.com/realestatesandiego
http://www.linkedin.com/in/janeloveday
