And the slump continues in the Livermore Real Estate Market

What is going on in this market? New Home builders have all but stopped building, banks own more of the houses for sale then owners, and getting a loan is next to impossible. The Real Estate market is still adjusting to years of escalating prices of homes, expect this to continue into 2008.

When will this stop? Time will tell, but this point in history is by far the best time in about 15 years to buy a house providing you have good credit, a down payment, and verifiable income. Sound tough or does it sound like what people use to have to do in order to buy a house? History does have a tendency to repeat itself.........