Since the signing of the $700 billion rescue package by President Bush there has been an increase in sales activity across the national real estate market.
Buyers are taking advantage of bargain priced properties as well as attractive low interest rate mortgages and snapping up real estate! The pending home sales index by the National Association of Realtors shows a 7.4% increase in activity of the previous month – a huge jump! This is of course is in addtion to the rescue package after the housing stimulus package was signed into law, Fannie Mae and Freddie Mac have been nationalized. Consumer confidence in the market is increasing and rightly so! With such a great deals to be had.
It is expected that national home prices will increase 2-3% in 2009 which is excellent news!
If you would like to be part of the surge in sales activity and purchase a home in Westside Los Angeles and the Malibu area then please contact Judy Kunisaki on 310-317-8396 or via her Website with its complimentary MLS search facility on www.judysellswestside.com
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