Real Estate in Santa Monica and other Westside areas is still moving although it is hard to match up the large amount of buyers in the market with inventory so low. Even with the classic low inventory and apparent high demand, prices are not moving up and will not move up for some time unless the overall economy starts to improve in a discernible fashion. Buyers are still cautious. What we need is leadership from this administration now, not rhetoric and politics.
« New York City Market Update | Main | Considering the Capital Gains Tax »
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00e54f92076088340120a8607a6c970b
Listed below are links to weblogs that reference Santa Monica and Westside Market Update:
Comments
Verify your Comment
Previewing your Comment
This is only a preview. Your comment has not yet been posted.
Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment
As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.
Having trouble reading this image? View an alternate.
The Real Story on Scott Gibson
- From sales agent to a senior executive position at the largest real estate company in the nation, from losing everything he had in the LA "meltdown" of the early 90's to owning homes on either coast, Scott Gibson knows every side of the real estate business. Learn more.
The recovery is starting but it will still take some time for things to become normal again. Can the market handle it?
Posted by: Faded Gibson SG | April 28, 2011 at 03:08 PM