Is it a Good Time to Invest?

No one has a crystal ball, so it's hard to say. However, there are signs that the Ventura and Santa Barbara County rental market is tightening and demand seems to be outpacing the supply. That usually means that rents will increase. With increasing rents, low mortgage rates, and sellers finally willing to negotiate on price and terms, we are seeing some investors return to the market here in Ventura and Santa Barbara. I should qualify that and say that solid, long term investors are considering buying, but short term flippers are still out of vogue at the moment.

Search the MLS for Ventura County Real Estate at:
www.VenturaRealEstate.org

Open House in Oxnard Pacific from 1-3pm Sunday

Come take a look at this beautiful 2 bedroom, den with 2 bathrooms mobile home. It's located in Oxnard by Pleasant Valley Road and Rice Road where Rice turns into Highway 1 (strawberry fields all around). The owners have put in new hardwood floors, low-E windows, new bathroom fixtures, painted the paneling, etc. All there is left to do is the kitchen. Come take a look this Sunday Dec. 17th from 1 to 3 pm. Call Lorraine at (805) 901-8805 for directions.

Greenspan Thinks the Worst is Over!

There's light at the end of the tunnel! Former Federal Reserve Chairman Alan Greenspan says that the worst of the housing adjustment is over and “sales figures have stabilized.” He predicted that inventory levels will come down at a "reasonably rapid pace.”

Search the MLS for Ventura County Real Estate at:
www.VenturaRealEstate.org