Friday, December 08, 2006

Is the Market Stabilizing?

"It's important to focus on where the housing market is now - it appears to be stabilizing, and comparisons with an unsustainable boom mask the fact that home sales remain historically high - they'll stay that way through 2007," said NAR Chief Economist David Lereah. "In addition, a temporary correction in prices distracts from the fact that it is primarily the number of home sales that affects the economy, and the number for this year will be the third highest on record."

It's true, when you compare this year to the past few years, it seems like doom and gloom. But, you've got to remember that the past few years was the abnormal situation. The word on the western Ventura County streets is that we are seeing buyers return in bigger numbers over the past few weeks. Many of the well priced properties in Ventura, Oxnard and Camarillo are going pending.

Search the MLS for Ventura County Real Estate at:


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