Powers Ron, Real Estate Pro in Ventura County, CA

What do you think about this article worth http://www.inman.com/news/2012/04/2/real-estate-professionals-optimistic-about-home-values

Asked by Powers Ron, Ventura County, CA Thu Apr 12, 2012

Help the community by answering this question:


I agree with Ted & Guy. This is a false level of inventory with inventory waiting in the shadows.

If you are buying you should be able to lock in 30 year financing at unprecedented low rates. The current values are vulnerable because of the perception of limited inventory. There are deals out there but be extremely selective.

Real Estate Investment Advisor
KW Realty
340 N. Westlake Blvd.
Suite #100
Westlake Village, CA 91362
DRE #01855039

(805) 616-2272 office
0 votes Thank Flag Link Fri Apr 27, 2012
I blog on the market conditions regularly for Simi Valley. I wrote yesterday about the RealtyTrac report that was just released. We are in the middle of a false rally only supported by a lack of inventory. Rates are low, many properties cash flow for landlords, prices are low, but any bid up in pricing due to the tight supply will be short lived.

0 votes Thank Flag Link Thu Apr 12, 2012
Optimism is good....realism is better.

I will lay good money on the table that values will remain flat in most areas of the country and fall in many others as a larger number of foreclosures hit the market after the election. My guess is the author knew the answer he wanted long before he wrote the story. It's great to be optimistic, but that optimism should be based on more than just a desire for things to be better.
0 votes Thank Flag Link Thu Apr 12, 2012
Hello Ron

Most interesting:
Prices of homes here in Ventura have dropped 35-60 percent from the highs, interest rates are at record lows and there is a shortage of properties on the market.

Good time to buy a home? Yes.
Will rates increase? Probably!
But what matters is:
Are you ready to buy a home to have your Easter
and holidays at, with you your friends and your family?
If so I can help you. Can't put a price on that!
Selling? What are your goals? Did you talk with your CPA?
There are options. Need more info feel free to contact me.

Best regards
Real Estate Consultant Rob van Haaren
Troop Real Estate
0 votes Thank Flag Link Thu Apr 12, 2012
After seven years of a housing crisis, we are optimistic. In the Denver Metro market, we hit bottom a few years ago and have been flat for the past two years. We are now seeing quite a noticeable flurry of activity from buyers who are getting off of the fence. We've seen growth spurts as our lower end inventory is all but gone and the activity moves up the price-point ladder.
Realtors tend to be optimists but working in the trenches, we're all buzzing about the positive change we are experiencing. There is a good window here and now in Denver for both buyers AND sellers which will reach another tipping point within a year or so.
For more information, please check out my website at http://www.tracyshaffer.com and good luck with your journey.
Tracy Shaffer, Broker Associate
Your Castle Real Estate
0 votes Thank Flag Link Thu Apr 12, 2012
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