Monday, October 02, 2006

Time to "Dally"

From the Modesto Bee:

House prices are dropping, and buyers now have the luxury of picking and choosing from a wide array of homes. That's a welcome switch, for buyers at least, in the Northern San Joaquin Valley real estate market.

They can take their time comparing properties, shopping for desirable neighborhoods and bargaining for the best deals, real estate agents say. That wasn't easy to do from 2000 through 2005, when most homes sold quickly and often for more than their asking price. Buyers then simply didn't have time to dally: To get a house, they had to jump in.

Home shopping now can be more like a leisurely stroll, real estate agents agree. The median home sales price declined to $370,000 in Stanislaus County during August, and there are hundreds of homes for sale for about that price.

1 comment:

RPM said...

"Dally" ??

Sure, take about 5 years, if you want!! That is how long it will be until the pricing in Sacramento hits bottom and then begins to level out. Add another 3 years floating along the bottom, then, perhaps a slight upturn.....just like 1990 to 1997...only this time the exuberence was "frothier" so the downturn will be steeper.