Eisrael Gomez Realtor - Monterey County Blog

According to many articles many are seeing the slump carry a longer term than expected.  What should you do? 

Sellers:  Don't put your house on the market if you don't have to.  If it is on the market, make sure it is priced right, staged, and being marketed.

Buyers:  This slump is impacting interest rates. We have seen rates rising along with costs on some loans.  You may want to lock a rate now if you are actively seeking a home.

ARTICLE:  Moody's Warns Housing Slump Will Persist: Financial News - Yahoo! Finance
http://biz.yahoo.com/ap/070910/moody_s_homebuilders.html?.v=1

Thanks again for all the emails and questions!  If you have any questions please feel free to email or call.