Local Real Estate Thoughts

Welcome to the Holiday time of year!
If you turned to CNBC business news today, all you saw was a local real estate lady talking about how she was selling all her speculative properties. She was built up to be some kind of GURU a couple of years back. Now they interviewed her again and she said she is selling all her speculative "flipping" investments now. That all the money has been made! It was all pretty scary until you realized that her properties were along Century Blvd in Inglewood. I would be selling them too!
If you stayed tuned in, another story that was getting very little press was the Feds indication that they were done raising the 'discount' rate. This was big news and turned the stock market around in a hurry. This could indicate that mortgage rates have topped again, at least for the next 5 weeks or so.
It is true that properties are staying on the market longer now, but I can tell you first hand, there are still buyers all around the South bay. As long as you price your home in line with a comparable sale in your area, it will sell. Remember, it is the holiday time and those buyers that are out there now are real.
Call me, I will help you get the job done.