Credit Suisse July Report

The Credit Suisse July Housing report is just out.  The general trends across the nation are as follows:

  • Some buyers recognize affordability – low prices and low interest
  • Some buyers are afraid to make a move
  • Slight increase in buyer traffic
  • Continued downward pressure on home prices

Looking at the major markets in California here is what we hear:

  • Buyer traffic down
  • Home prices down
  • Builder incentives holding steady

Here are a few comments from agents in various California markets: To view the full report, just click here.  As a side note, even a fine company such as Credit Suisse is not immune to the slow economy.  Last week it was announced they are laying off 2,000 workers world wide.


Posted by: Larry Smyth

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