Studio City CA Real Estate & Homes

Prospective buyers should take advantage of lower home prices to buy into better locations, especially closer to work. With gas costs soaring into the stratosphere, new home buyers can save a great deal of time and money by focusing on location, location, location!

We now have a prefect storm scenario forming. Lower home prices, low interest rates, strong inventory and higher fuel costs are contributing to more robust sales.  Today’s existing home sales report shows a strong and unexpected increase in sales, though not to me. I have been projecting that the market slide would slow and/or end before year’s end. Today’s numbers suggest that I am right about this one. It will however, take a lot more time for prices to begin to return to pre-recession levels. We still have a glut of foreclosures to clear out. The prognosis for the market regaining its energy is good. It’s still a buyer’s market right now, but it will not stay that way indefinitely. I suggest that you may not want to delay your next purchase for too long. Otherwise you may find yourself on the upside of the market and that could prove costly. Avoid this situation bu purchasing now! You will find further information on my website at. www.runningrealty.com( check out my “Run With It” feature)  and be sure to view  my Features Listings at www.realtor.com for some exceptional homes in Studio City and 91604.