RE Bubble & CA Economy

Thursday, September 13th, 2007 at 8:37 am

There is a lot of news about the impact of the “subprime lending crisis”, the downturn in real estate markets nationwide, and bursting of the “bubble” in some overinflated areas of the country.

A lot of that is very confusing, and probably about as bad and hyped up as the euphoria about real estate over the past three to five years.

Fact is that it has become a lot more challenging to sell a home now than it was before 2006. – Particularly if you expect to be able to sell at prices at or above the levels that you may have seen in your area as recently as last summer.

The three-part presentation below may help you to determine a realistic asking price for your home – whether you have a home now that you’re looking to sell, or looking to invest in a property with the goal to sell it quickly after fixing it up.

I hope this helps, and I talk to you soon!

Thomas Bartke

I found this presentation from the Humboldt State University that was given last year. It puts some of the data in perspective. – Keep in mind that the presentor didn’t know about the subprime issues yet at the time…