More expensive homes and less foreclosures caused the median price to rise to 281k-up 2.6% from june and 11.5% from last year.
In so cal, prices hit 306k-up8% from last year. The best part is that regular buyers are coming back, not just real estate investors. Nice homes are getting multiple offers. The problem is getting qualified home buyers.
This is the time to fix and flip or fix and hold. Either strategy can make you money. The strategy is to learn how to do anything that does not involve banks. That real estate market is so rigged against you that it will prove to be a big waste of time.
Come this weekend to hear how the most successful real estate attorney i know does it.
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