Unfortunately, is it real?  Market data is showing us that home sales are increasing on a month to month basis compared to the lull we had towards the end of 2013.  This could be good news.  However, the number of sales are a lot lower when compared to the same time a year ago.  This could be bad news.  There are a number of theories as to why, but my favorite is the one that blames the tough lending standards of the banking industry.  They are making it very difficult to obtain financing, so there are many interested potential buyers–but only a handful of qualified ones.

Inventory is still low, so this is making a lot of homes attractive in the eyes of those in the market.  Be warned that the data available at this time does not really support the “healthy market” a lot of media outlets are pushing.  If you buy, be prepared for anything.  As I tell all my clients:  “If you can afford the mortgage payment and are happy living in the home you purchased–then you will be fine.  Real estate has almost always been a long term winner.”

About the author

Stuart Santana

Realtor

I have been working in real estate related matters for over 13 years. I graduated valedectorian from Gladstone High School in 2001, was active in the US Army JROTC program and attended the prestigious California Boy's State program. I later received a degree in Political Science from UC Davis in 2005. While in Davis I made the Dean's list, was a member of the Davis Honor's Challenge program, and attended the prestigious UCDC program in Washington DC where I interned under the Director of Domestic and Foreign Policy (Dr. Gabriela Lemus) for the Executive LULAC office. I have been fully licensed since 2005, and working full time in real estate since I returned to Los Angeles from my 4 years in Davis. I have personal experience in nearly every facet of real estate imaginable: I have purchased and sold many assets. I also manage my own rentals, and teach my clients how to screen out tenants if they opt to manage their own rentals as well. I teach my clients how to treat their homes as assets that can be leveraged to acquire more assets, and pretty much teach my clients that anyone can be an investor with a seasoned Realtor by their side. If you have real estate needs, what are you waiting for?

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