Small Improvements in Housing Demand

According to Time.com, Warren Buffett and the National Association of Realtors both agree that there is some improvement in the demand for housing.  Low home prices and very low mortgage rates have been enticing buyers.  At the same time, unemployment is increasing and loans are difficult to obtain.  Banks are wary of issuing credit, since a large percentage of payments for credit cards have been late.  Click here to read more from Time.com.

Sacramento is seeing a rebound.  One of the first cities to have a real estate collapse, Sacramento is now in the embryo stage of recovery.  First-time home buyers and investors are out in full force, buying up the cheaper bank-owned foreclosure properties.  Other collapsed areas like Las Vegas, Florida, and our very own Inland Empire, are also seeing improvements.  Click here to read more from the New York Times.

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