Los Angeles Metro – home prices declined according to Case Shiller index as reported in the Wall Street Journal today

Los Angeles Metro area down 1.5% for home prices compared to prior month; down almost 5% compared to October 2010 – how much lower can we go?

For folks interested in selling their homes, we are seeing a reduced number of homes on the market – a very good sign.

For folks looking to buy, mortgage rates are amazingly low – fixed rates are hard to beat.  This is the traditionally quiet time of year to be home shopping.

Looks like there are advantages for buyers AND sellers right now.  Give me a call and I’ll be happy to help you sort out and evaluate your options!

Clint  (310) 426-8811 or email homes@clintpattersonrealtor.com

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