Alan Gin, professor of economics at the University of San Diego, said that "possibly" a pricing bottom is near, but added increasing levels of unemployment may pose the biggest threat to stability in the market in coming months.
The relatively flat median prices combined with the steady home sales are a good sign for the market, said Rick Hoffman CEO and president of Coldwell Banker's San Diego County and Inland Empire regions."I believe the consumers are going to drive the recovery," he said. "So when the consumers perceive that the value is in the marketplace it brings the bottom of the pricing." That's going to be the genesis of the recovery. And I believe we're already moving in that direction."
By JEN LEBRON KUHNEY, The Daily Transcript
Real estate is like GE stock. Now is the time to buy.
Search all of the available listings and foreclosures on my web site at http://www.buymarsha.com/
Marsha Shepard 619-995-1520 anytime
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