Housing rises from the ashes

More proof that we are on the mend. i have been saying for about the last year and a half that we have been scrapping along the bottom  and now we are entering a new phase- UP!!!

Home sales and prices in May popped 9.3% from April and jumped 17.6% from May 2011 to total 41,790 new and previously-owned houses bought statewide.  The state’s median home price hit $270,000, rising 2.3% from the prior month and up 8.4% from May 2011.

It’s not just first-time buyers and investors. There are more move-up buyers in mid- to high-end coastal counties.”

Home sales in have  year-over-year gains for 10 consecutive months and foreclosures have steadily been making up a smaller share of the market.

In Southern California, we did even better.The number of homes sold ro 21% compared with last year, while the median price jumped 5.4%.

Are you going to wait until the top when it is most risky or are you going to get in now when the risk is the least?

To learn what really works in today's real estate market CLICK HERE

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