From the Wall Street Journal:
Prices Have Dropped Far Enough to Lure Buyers in a Trend Also Showing Up in Other Parts of the Country
SAN JOSE, Calif. -- A home-sales revival that began last year in some of California's cheaper inland areas has begun to spread to several more expensive coastal areas, another hint that devastated real-estate markets in the state -- and other parts of the country -- may see less grim days ahead.
Homes are selling briskly again in the lower end of the market in Santa Clara County, just south of San Francisco, with prospective buyers making multiple offers and bidding well above asking prices. The median sales price of a single-family home in May was $445,000 in the county, up 5.7% from February, when prices stopped dropping.
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1 comment:
I am sure some of these alternatives arm future already decided to revise the default, but it is likely that a significant number take hope. At this stage, all we really see what happens.
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