Finally here is some good news on home sales. Wall Street and others cautiously applauded this week's home sales reports as a sign that the real estate and stock markets may be "scraping along the bottom" in preparation for some slight improvement later this year or in early 2009.
MAKING SENSE OF THE STORY FOR CONSUMERS:
* There is increasing optimism that the Federal Reserve's recent efforts to lower interest rates and shore up Bear Stearns are having a positive effect on the stock market and may start to bolster home sales later in the year. While it is too early to call a "bottom" to the decline, these signs are positive indicators.
* A large inventory of homes to choose from, favorable interest rates, and increase in the FHA and conventional mortgage loan limits ( in South Lake Tahoe the limit is $ 580,000. ) mean consumers will continue to experience favorable pricing in many areas of the state including South Lake Tahoe.
So, if I can help you with any of your South Lake Tahoe Real Estate decisions please let me know. I am here to help you and go
with you all the way in consulting and seving you.
Gigi Haskins
Your Realtor with an International touch
Je parle Francais, Ich spreche Deutsch, Hablo Espanol - English and "American"
Gigi Haskins
Buyer Specialist
gigih@realtordeb.com
Deb Howard & Co.
Lake Tahoe's Real Estate Resource
866 542 2912 OFFICE
925-818-1498 CELL