Hula and The Real Estate Market Today

It's the end of the summer when every activity seems to wind down a bit, the weather seems to know that cooler is in and if you wanted to take that last minute mini vacation it happened on Labor Day Week-end. In Calif. we don't have a change of seasons the way other States do but we do have a change in the way we do things. I'm looking forward to the cooler weather that's for sure, it has been so hot & humid lately that it's hard to get things done. The 4th quarter used to be the dreaded no business time of the year for Realtors but this year it may turn out to be the most profitable for 2009.

Many buyers are still shopping and hoping to take advantage of the tax credit, inventory is low which is creating multiple offers and price increases on a lot of properties not to mention the fact that most buyers are qualified and ready to purchase now. This is good for the economy, good for the buyer and really good for the sellers. Short Sales will continue to be the norm for the rest of this year and maybe for a couple more as well, as a Realtor I'm still hoping for a shorter turn around time on these. Banks are still holding Bank Owned and we are all waiting for those to hit the market, hopefully this year but maybe next yr instead.

Good Bye to Summer 2009, Hello Fall of 2009

Dee - Weichert Realtors, Gold Coast

www.deefether.listingbook.com