Well...built a new website and it forced me to take a few months from blogging..but I am back. Although my pen was dry, much has happened in the real estate market in my absence. Home prices in the low range is red hot (particularly if not a short sale). I listed a home in Placentia for $549,500, and before I could get it on the MLS, a buyer heard about it, made an all cash offer fro $540,000 and we closed in 2 weeks.
Home prices in the higher range are still lagging and will continue to do so until some more liberal loan programs come back, but even homes in these higher price ranges are moving as more homes work their way through the short sale process or become "bank owned".
Some banks have finally found a way to process short sales and stories of 45 day periods to approve a short sale are not uncommon. I have included a clip of a movie that may make you laugh, and though the real estate climate has improved, we could all still use a laugh.
