Credit Suisse Report

We just received the latest Credit Suisse Housing Survey.  For the third month in a row, they are reporting marked improvement in the real estate sales market.  On a national level here are the highlights:

  • Buyer traffic is ahead of agents expectations
  • Inventory is falling
  • Time needed to sell continues to decline
  • Better traffic and lean inventory supports stable prices.

All of the above point to a favorable Spring and Summer selling season.

Here are some comments from several California markets:

  • Los Angeles – “Buyers are comfortable looking at houses at current price levels”
  • Riverside – “Offers are going $5,000.00 to $10,000.00 above asking prices”
  • Sacramento – “Inventory is very low….many properties are getting multiple offers”
  • San Diego – “There is a growing belief the market has reached bottom…”
  • San Francisco – “Consumer confidence is on the rise, and people are finally making decisions.”

For details take a look at the full report by clicking on the link


Posted by: Larry Smyth

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