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April Home Sales Up

May 27, 2008

Interesting article about the uptick in the nation wide market.
Locally, things are changing. The sales per day is increasing and the inventories are being reduced.

Mortgage rates have been ticking up since the first of the year with inflation worries.

All in all, property values are down – we’ve been buying $350K houses in San Jose! and $160K houses in Merced – that actually break even.

Also, still got investors in – there is competition between bidders! So, the saavy investors are still there.

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