Malibu is always known for its fabulous real estate sales and recently these have been no exception with many celebrities buying and selling swathes of properties in the city.

However despite negative national press about the housing market things are looking great in California!

According to the California Association of Realtors, Sales of units increased 96.7% in September 2008 over last year! This is great news and shows that buyers are really snapping up those great deals out there.

In fact sales Statewide edged past 500,000 for the month for the first time in more than 2 years.

Also the level of inventory is down to a fantastic 6.5 months compared to 16 months a year ago. Also the median number of days it took to sell a single family home has shorted to an average of 46.1 days down from 56.7 a year ago.

Nationally home sales have risen - with California leading the way. Definate signs of a market which is poised to grow in 2009.

In Malibu, with such great numbers of luxurious property available it is no wonder that so many people are buying property in the area.

If you are interested in purchasing a home in the area then please contact Judy Kunisaki and her team in Malibu for professional Real Estate advice. You can contact her via her website or by calling the office on 310-317-8396.

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

With much hype in the press about a rescue package for Wall street and the nation, President Bush has reluctantly signed off on the $700 billion rescue package.

The rescue package will allow the government to purchase $700 billion of bad mortgage debt and provide liquidity to the markets. The stock markets of course rallied slightly on the news as consumer confidence strengthened slightly. The legislation is wide reaching and is truly historic. When congress first dismissed the bill earlier in the week the Dow Jones Industrial Average plunged 777 points in one day, the largest in US history. However it finished the day down, but up from the historic drop. Clearly showing how important this legislation is for America.

What does this mean for the real estate market? By eliminating the debt from the banks and shifting the burden of the debt, the Federal Government hopes to free up cash for borrowers who are looking to purchase properties. This in turn will help the real estate market as a whole. 

The next few months therefore should bring an increased level of activity in the real estate market as buyers snap up bargains as the credit crunch eases its tight grip.

If you are looking at purchasing a property in Malibu or the surrounding Westsie region then please contact Judy Kunisaki on 310-317-8396 or via her website: www.judysellswestside.com