The president of the National Association of Realtors feels the media is feeding the buyers fears of purchasing homes. He mentioned the last time we experienced a market similar to this the job market was doing poorly as well as economy. Our current unemployment rate is very low and the economy is doing better. I also have noticed the gas prices coming down.
Another note able comment is many Realtors are saying they are glad were back to a "normal market" Which we are in, the thing that is different is we are adjusting back to that market after 5 years of never seen price increases which makes everyone think we are in a sinking market. For example the homes have come down slightly in price, but when compared to last year at this time home prices still increased but not in the double digits. I have a report I offer on my website that is updated monthly from the North County Association of Realtors about our local market. You will find the link by clicking here Click Here
If I can assist in anyway please don't hesitate to call on me.