PACIFIC PALISADES HOMES - IS NOW THE TIME TO BUY OR SELL REAL ESTATE IN PACIFIC PALISADES?

Pacific Palisades Homes

Every time I stop to talk to someone and I tell them what I do they immediately ask the question, how is the real estate market doing? It is not an off hand question just to pass time and be polite they are truly wanting to know and engage me in a lengthy conversation.

There is no getting around that the last few years has been a very difficult real estate market to make a decision to buy or sell. On the buy side they are constantly on the fence wondering if they should wait and maybe the prices will go down. Of course on the sell side it is just the opposite and they stay on the fence thinking the prices are going to go up.

To some extent real estate in Pacific Palisades has had the same turmoil in the market place but what has kept the highs and lows in a much calmer place is Pacific Palisades itself. Pacific Palisades; the beach, the mountains, shopping, restaurants and parks ... no place like it. You add to this the fantastic public school system it is no wonder that Pacific Palisades Homes in the worst of markets still is active and thriving. Pacific Palisades Real Estate is in a good place and is pretty well balanced for both buyers and sellers. If you are looking to buy a house in Pacific Palisades you are looking at the right location

There is also another very important reason to buy Pacific Palisades Homes now -  the interest rates. We are just coming off of historical low rates, around 4%. buyers have lost the opportunity to get a loan at this price and sellers have not had their house on the market at a great time where buyers had loaned locked in at these rates. Today the rates are around 5% and they are going to go up. It was just announced by the Obama administration that the government was getting out of the business of helping people afford to have a home. They announced the eventual shutting down of Freddie Mac and Fannie Mae. The only two guarantors of low interest rate loans. The economic forecasters are calling for loans to rise by 1% to 2% just by this alone. As the economy recovers and demand goes up loan rates will continue to rise. I think that 7% is not far off.

What does this mean? If you are interested in Pacific Palisades houses for sale or buying or selling Pacific Palisades Real Estate in the next 6 months now is the time to do it. Pacific Palisades Real Estate offers the safest place to invest in a home and no matter if the market goes up or down Pacific Palisades Properties will always hold the value and increase your equity than most every other community in Los Angeles.

As a Pacific Palisades realtor, I look forward in working with you and guiding you to reach your goals and protect your interests, in buying or selling Pacific Palisades Homes.

 Bob Schmalz