Real estate agents and brokers say turmoil in financial markets is planting doubts in the minds of some would-be homebuyers even as it signals opportunity for others.

Plunging stock prices, downgrade of the U.S.’s long-term debt rating and lingering fears of a European debt crisis, has the talking heads doing it out of both sides of there mouths. Couple this with the Fed saying they are going to keep rates artificially low through 2013 really have them running in circles. Double dip recession— No double Dip, Higher Interest Rates — Lower Interest Rates etc

So far, investor flight to the relative safety of bonds and mortgage-backed securities that fund most home loans has pushed the cost of borrowing down — a boon for both homebuyers and homeowners looking to refinance.

In the West LA Real Estate Groups. Santa Monica House Market , Over the last several months our market demand has actually outpaced supply, we are beginning  to see multiple offers. The same holds true for Santa Monica Condos

So many buyers are staying on the fence because they see the stock market falling, Why? If you find a house or condo that says buy me and is at these historical low home prices and interest rates, why are you waiting. Yes if you are thinking of investing and flipping hold off. If this is your home to live in statistics say you will not move for 5 years. Talk to me and let me show you the numbers.

People who are looking at  Brentwood Condos and Santa Monica Houses, seem very motivated by the extremely low mortgage rates and house prices that are available, if anything, the issue that I see homebuyers having is a lack of inventory.

So stop listening to talking heads and newspapers that need to cause action of any type to sell papers, call me at 310.505.5571 or email to bob_schmalz@wlaregroup.com and let me send you the real facts in the neighborhoods you would like to live in.