Studio City CA Real Estate & Homes

In a way, the “Bubble” in Real Estate sales was more the creation of the media than the actual, on the ground events. Not that everything was coming up roses, although for many it was. It seems that “perception is the new realty” and notwithstanding the “greed” factor that fostered the malignant spread of bad loans all across the country, the diagnosis was finally determined and yes, we have a cancer among us. Break out the chemo and radiation!

So here we are. Politicians scramble to address (not fix) the ailments now affecting our economy and the Real Estate market. I guess the next thing we’ll see is the President declaring “THE WAR ON REAL ESTATE”. That’s what we do..declare war and throw a lot of money in the general direction of the problem, hoping it will straighten itself out. It hasn’t worked for any other wars so far so don’t expect that it will do so any time soon.

I predict that if we don’t shoot ourselves in the foot, over the next 12 months, some semblance of normalcy will return to Real Estate across the country.  It will happen sooner than later in some markets. In fact, there are pockets around Los Angeles that are actually seeing marked improvement. I swear to you that I have seen “multiple offers” this week on well priced homes.

The key now is smart pricing. If the home is not overpriced, it will sell. There are loads of pent-up buyers just waiting to get in the game again. My “featured listings” on Realtor.com are experiencing thousands of hungry eyes. Studio City, my area of expertise, has been insulated from most of the havoc out there. I am confident that this down cycle will again turn up, maybe sooner than later. It’s just a question of whether or not you get in before the next move up. I know it’s out there..waiting..don’t say I didn’t warn you!