It is a buyer’s market when it comes to real estate in California– from Malibu, Pacific Palisades, Calabasas, Agoura, Santa Monica, Venice, Marina Del Rey and other nearby areas. It is not the best time to be a seller, but to be a buyer the conditions could not be better. Low interest rates, home values and inventory all point to buy, buy, buy. The only thing standing in the way is money, but if people can get money and they are in the right place at the right time, buying real estate is a great idea – especially in these highly desirable locations.
If the real estate market were a car the first time home buyer would be in the driver’s seat. Not only to first time home buyers get to take advantage of low mortgage rates, low home values, and a decent inventory of homes for sale, but they also don’t have to sell a home before they buy a home.
There may not be a better time to be a home buyer, especially a first time home buyer, for a long time. The first part of 2010 displays ideal conditions to get out there and start looking. Buyers who are pre-approved and have at least 20%-25% downpayment available can take advantage of this current opportunity. Even CNBC reports on April 1, 2010 that the “high end boom is a trifecta of lower interest rates, bank lending and consumer confidence.”
If you are interested in purchasing a property or selling a property in Malibu, Pacific Palisades or the surrounding Beverly Hills/southern California area then please contact Judy Kunisaki for professional real estate advice in the Westside Los Angeles area, on 310-317-8396 her online contact form on her website.
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Judy Kunisaki – CA DRE license 00963582
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