It's Back!

Yes, it is snowing once again! Just when we thought winter was over...it is back! We have received about 3" this morning so far and it is cold! I was just working in the yard on Sunday and here it is all white and wet again. We need the water so I won't complain too much but I am ready for summer and some heat!

Real estate sales continue to pick up and we are selling property. Prices are drifting up and as I mentioned earlier interest rates are drifting as well. However, they are drifting in the upward trend which will make a mortgage more expensive! With the depressed housing market we don't need higher rates, but it is not "if, but when" will they rise. Expect it by the third or last quarter of this year.

The bank owned properties are still few but there is an abundance of "short sales" to choose from. Many good buys are just normal, individual listings that are a private seller. They are competitive with the short sales and many are excellent buys. Plus you usually get a home warranty and disclosures that tell you something about the property. That is certainly a plus when buying.

This is our listing season and the majority of what we list between now and the end of June will be what is available for the rest of the year. Our inventory remains low but there is more of a selection now than earlier this year. If you are thinking of selling now is the time to place your property on the market and get it sold before those bank owned properties hit the market later this year. Call and talk to me, I would love to discuss the sale of your Big Bear property or the purchase of Big Bear cabin.

Until next time, Bonnie