Is the Current Pace of Home Sales Sustainable?
By Debbie Sagorin, Marketing Irvine to the Highest Level
(Coldwell Banker Realty)
There are some experts questioning whether the current pace of residential home sales is sustainable. Are too many people buying homes like in 2004-2006? Are we headed for another housing crisis?Actually, if we look closely at the numbers, we can see that we are looking at a very healthy real estate market.As usual this time of year, the slower Holiday market will only start to pick up speed after the Super Bowl, in about the middle of February. Until then, very few homes will be on the market, and demand will be lower.That said, the buyers that are out there looking are serious buyers, and want to buy before mortgage rates go up again. That's why I listed two homes last week, instead of waiting for the competition to list their properties. You can see the Woodbridge condo for sale, (a ...
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