Thursday, June 4, 2009

TOP 5 AREAS OF RECOVERY

Don't look now, but the sky may have begun to stop falling. With so much very real, worrisome news out there, we sometimes loose perspective that the very beginnings of a recovery are starting to appear. While they may be very small beginnings, they are appearing more and more. Unlike the stock markets, which tend to be forward looking ( housing stocks started their slide before the entire market fell off a cliff), the news cycle tends to play catch-up. That old saying "bad news sells" basically insures that.
What I've seen more and more is real estate in our local area, The Inland Empire (Upland, Ontario, Claremont, Fontana, La Verne and San Bernardino, Riverside, Moreno Valley), is an explosion of ready, willing and able buyers. Most foreclosure/ short sale listings now have multiple offers on them. And not "multiple" as in just two or three. It's not uncommon at all to have ten, fifteen or more offers on one property. I saw the video below this morning and thought it tied in really well. Hope you enjoy it.


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