Are Temecula home prices dropping? Not if you look at the data over the last three years. Iâ€™ve said it for years now, the bottom of the Temecula real estate market was 2009. When itâ€™s all said and done many, many years from now the experts will look at the data with their graphs and reports and talk endlessly about the great recession and when it all came crashing down in 2009.
I get calls daily from potential buyers that tell me they want to make an offer on a Temecula property. I say â€œgreat, what do you want to offer?â€ Before I even finish my sentence, I realize I already know the answer. Sure enough they proceed to tell me how bad the market is and they predict (from the months of watching CNN and reading the real estate section of the local paper) that the market is going to crash again and they feel they should get the property at a screaming deal. At least 10 to 20 percent lower than asking price because the world is still coming to an end.......read more
Thanks for Listening!
Allison James Estates & Homes