Within all the doom and gloom that has been a steady drumbeat the silver lining of the dark cloud maybe showing. Across the nation and in California the number of sales of existing homes is rising. Yes, prices are still falling and we may not have posted the bottom yet, but this is a encouraging sign. As the foreclosures have made prices more attractive buyers who can qualify for financing should begin taking a closer look at getting off the fence and into some good Real Estate. Even if we are to enter a prolonged recession Real Estate should prove to be a good long term investment at these prices. Sellers are more willing to negotiate and buyers who step forward will most likely look back in a few years and be grateful that they pulled the trigger and made the purchase.
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