NCRE Investors Group Blog

I found out that sales doubled from January ’08 even if prices were down to 40%, this was according to an article by the California Association of Realtors. A little over 600,000 properties were sold last month, which is a huge jump since October of 2005. A lot of people took advantage of high foreclosures, the global financial crisis and frozen credit markets. I think this is really a great time to invest, the people who were patient and smart are now grabbing the deals. According to the  Los Angeles trade group, sales were up by 55% in the Bay Area. Contra Costa County had the steepest (price) decline at 53% while San Francisco held up the best, off 24.4%.