Tad Tadich

"Your Real Estate Consultant for Life"

I'm a:	Real Estate Professional
Company:	Clovis 1st & Fresno Home Savers
Location:	Louisiana Central Valley
Phone:	(559) 908-0386

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About Me

California Department of Real Estate Licenced Real Estate Broker, Family owned Real Estate Sale and Financing business since 1995. Specializing in finding the best option for each of our clients, always with the goal of creating lifelong relationships with them.

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Is the real estate market going to continue to be on a downward trend in Redding, CA?

Asked Mon Oct 22 2007, 15:03 by Linell Smith - Redding - Foreclosure - 7 answers

Tad Tadich answered:

In my opinion, the market still has additional correction to endure. This is, in part, due to the existence of numerous adjustable loans that will have their rates reset between now and 2011. There are, unfortunately, many homeowners that will be unable to make the payments once the reset happens. There may be less of an impact in localized areas, but the effect will be sufficient to cause the market to rate California, as a whole, as an adverse market.
I advise my clients based on their particular needs and goals. If you are looking for investment properties and plan to sell within the next few years, my advice is absolutely WAIT! If your investment window is five years or greater, now may truly be an opportune buying time. Interest rates are still at very resonable levels and most terms are good, other than the "adverse and declining market" conditions. - Wed Apr 23 2008, 09:11

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