More and more I am reading things in the papers, magazines, blogs, and email newsletters that seem to be indicating that we may be near a point of stabilization, and at or near the bottom of this recessionary cycle. For instance, the following is a quote from an excellent newsletter that I received from HSH Associates which tracks interest rates and make economic forecasts:
"While things aren't really getting better, they do seem to have stopped getting worse, at least for the moment. Stabilization -- in home sales, job losses, and economic growth -- is a good, if tenuous, sign that actual economic recovery gets closer with each passing week. Some forecasts call for an end to the recession as soon as the end of the third quarter, while others suggest that the end of the year is a more likely date. Still, that's only five (or eight) months away; even if there's no actual "end date" it does seem more hopeful to have one to shoot for. Let the countdown begin!"
Even media reports seem to be reporting more good news every day. Recent reports have shown that the decrease in home prices in the Southern California area may also be stabilizing. Let us hope that more good news comes our way!!
For more information about buying or selling a home in the Palos Verdes Peninsula, visit my website at http://www.maureenmegowan.com
For more information about Palos Verdes and South Bay Real Estate and buying and selling a home on the Palos Verdes Peninsula, visit my website at http://www.maureenmegowan.com . I try to make this the best real estate web blog in the South Bay Los Angeles and the Palos Verdes Peninsula. I would love to hear your comments or suggestions.