Per Ben Bernanke, interest rates need to remain at the levels they are currently at for some time to come in order to keep stimulating the economy. However, that being said, yes the inventory remains at a low ebb in demand areas such as you are seeking thus keeping prices up. But take heart, the actual real estate season for selling (historically) is from April thru September. They will be more short selling taking place, which you may want to consider and of course foreclosures will still have a place in the market for some time to come. Feel free to contact me with any additional questions.
Realtor / E-Pro / CMIS / BMA / CMMS
Relocation Specialist / Seniors Real Estate Specialist
"Thank you for thinking of me when referring your family, friends and business associates. It is greatly appreciated"
Prudential California Realty, Sherman Oaks
818-380-2138 (direct / voicemail) 818-515-8936 (cell)