Joseph & Cheryl Melendez's (melendezteam) Blog

What will the fabled "bottom of the market" look like? Here are several indicators likely to precede an increase in housing prices and activity. New home sales rise   New homes began experiencing a price correction several months before existing homes. Logically, onewould also expect new home sal...

 California had statewide estimated sales for September (the latest month available) of 40,317 including new and resale houses and condos.  That number is up 6.1% from 37,988 in September a year ago.  A number that is staying fairly consistent throughout the state and held true for Southern Calif...

We have said it before, and we will say it again, real estate always, eventually, appreciates.  History has shown us, particularly in Southern California, that prices will always rebound.  That doesn't mean that buying a home isn't a serious decision in uncertain economic times.  But these prices...

 Although the overall economy may be dismal, the real estate market is making a slow but very nice recovery. For example, closed sales last month were up 57% from one year ago. In addition, housing prices were almost unchanged from the last month, and interest rates are still very low. The increa...