Ask any REALTOR® and the answer is the same….it’s a great time to buy a home in California City! With a wide variety of inventory and interest rates still at historical lows, now is the perfect time to purchase your dream home. Homeownership is also the key to building personal wealth. It’s a perfect time to contact a REALTOR® to discuss your needs and explore the possibilities available to you.

Are you trying to contact the real estate agent that showed or sold you the property in the last couple of years??

There's been a 52%, 75% and 47% drop in number of sales for our three biggest types of property in one year. That tells a story like no other and perhaps explains why if you're trying to contact the Realtor who showed you property in California City last year, or the year before, and can't reach them, it's all too likely they have left the business.  Only full-time, seasoned professionals can handle these kinds of adjustments to the market.

At California City Real Estate, we continue to grow and capture market share because we understand that this is not a "bad market" - this is a GREAT market...for Buyers! We understand it takes a little extra hard work and diligence, commitment to our craft and perseverance through the rough spots to succeed with these challenging market conditions. But we are in it for the long haul and to serve our clients, customers and prospects.
"But what about prices" you ask? I'll give you just three more numbers - 58%, 69% and 51% drop in prices for residential homes, vacant land, and income property respectively from this time last year, to now.

Keeping in mind that even those owners who bought at the very height of the property run-up here in California City in the 80's were able to sell their properties for a profit during the last boom, and assuming history will repeat itself eventually, it's clear to me: IT'S TIME TO BUY.

Five or 10 years from now, when the financial crisis has ended and housing prices are up smartly once more, we will look in the rearview mirror and realize that we missed a golden age for first-time home buyers.

Then, everyone who sat on their down payment savings accounts for a few years too long will kick themselves for not taking advantage of what may turn out to be the buying opportunity of a lifetime for those who can qualify for a mortgage.

Unfortunately, we do not know when this golden age will begin, because we will be able to identify a bottom to the housing market only with the benefit of hindsight. But as it does with the stock market, the moment will probably arrive when everyone is feeling the most pessimistic.

That moment is certainly getting closer. Housing prices have fallen drastically from their peak levels in many areas of the country. Rates on 30-year fixed-rate mortgages are already close to 5.5 percent, and this week there were suggestions that the federal government might try to drive them down to 4.5 percent, a truly incredible figure to be able to lock in for three decades.

Meanwhile, first-time home buyers have the same advantage they have always had, which is that they do not have to sell their old place before buying a new one. That is an added advantage in areas where many available houses simply are not moving, because the people trying to sell them will not be bidding against you.

If you're hoping for a recovery in the housing market, you ought to be cheering on the first-time home buyers. When they purchase homes, their sellers are free to move on or move up, stimulating further sales.

I'm tempted to "ring the bell" that signifies we've reached the "bottom" of the market, but I"ll leave that to the state economists. (By the way, in truth there is no bell and the only way to know you've hit the bottom is after it's passed and the market has started to rise again.)  Ask your Broker - are they personally buying property now?  At California City Real Estate, we are and we're proud of it because there are some AMAZING deals out there! Let us assist you in finding your own piece of the pie in this Buyer's market, and make your dreams come true! Now's the time to buy!!!

Search for the BEST home bargains and then give us a call at (760) 373-4444.
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