Speaking about real estate in Los Angeles we can say that the home prices have gone up by several times in comparison with the previous periods. The expert is happy about such prices in these hard times and they claim that the stabilization is close. But if to take the country’s figures the sales were poor. And still many say that real estate market is in great depression in spite of some improvements. But the number of new house that we re sold in the country is rather great. Some announce the country’s poor sales are so low because of the weather conditions. In December it was possible to witness the number of house sales surge thanks to tax credit for first-time buyers who wanted to use their opportunity and to purchase a house.
They say that California is very efficient market and it’s very attractive for buyers who are going to lead the market out of recession.
Experts predict that the recovery is going to happen but there are many potential foreclosures as Americans still lose their jobs and are not able to pay out the loans. The authorities are worried about the strategic defaults when the household leave and take their houses for nothing as they owe more than their house is worth.
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