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Tracy King's Advice

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Tracy King wrote:

When will real estate rebound??

Response
You can see when the values will start going up when inventories decrease and demand increases. Many factors go into these numbers, but the market is about supply and demand. The way to create demand for your house is to increase the perception of its value. Today, it's all about price. If your home presents the best value in your neighborhood, it will sell and at the best price any home will sell for. If the buyers do not perceive the value, it will not sell. We have multiple offers occurring on the properties that are perceived as great deals in my area of Eagle Rock and Northeast Los Angeles, CA.
July 11 2008
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