I agree. It all depends on what happens with the inventory of foreclosed homes. Homes under $350,000 are moving very quickly currently and the prices do seem stable right now with some even being bid up. If a flood of homes comes on the market that could change things quite a bit, but it would be welcome nonetheless, as the current inventory is so low. My short sale listings are receiving about 5 offers in their first week on the market. Check my blog for up to date postings on the Santa Maria market:
http://www.SantaMariaRealEstateBlog.com. - Sun May 17 2009, 09:13