Realty Gallery

Recently I was reading that there is hope on the horizon for Riverside County housing prices. I am not sure whether this is true or not as there are so many factors involved. I guess if I was a betting man I would say we have to be awfully close.  Stats for April showed that home sales rose slightly more than expected in April this year and that May is expected to report even a little better.

This could be the typical upswing that occurs in a regular market at this time of year because of the summer and families relocating which would say that we have not hit the bottom pricing or it could mean that it has hit bottom and inventory is going down which is what everyone is hoping for. Time will have to tell that and we honestly will not know until after summer is over.

Either way it is good news for those that need to sell their home short right now and are facing forclosure as there are more buyers and more transactions happening than expected. It is  also good news for those that want to buy in Temecula Valley as the prices are probably stabilizing and values could be going up.  New homes are one of your best choices as they have a time limit to have to rid of their inventory.

It comes down to it that I am not a betting man so I will leave that to the economists and in the meantime say it is about time that there is a little good news for the Temecula Valley .

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