Tuesday, September 06, 2011

Happy New Year! Four months early and not a moment too soon

September has always felt like the beginning of a new year to me, no doubt because this is when the new school year starts. Real estate-wise, it has always seemed like the end of one selling season and the beginning of another. After all, buyers are looking to buy because interest rates are down and homes are more affordable.  Sellers, inventory is low (actually, lack of inventory is the r.e. market's biggest problem right now, IMO) and some houses which previously had price reductions have now sold over list price.   So let's declare it a new year for real estate in Los Angeles, too. Let's pop the cork on some champagne, put the past behind us and start fresh, si? At least until the traditional Xmas slowdown...

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