Livermore Real Estate levels out

The good news for people wanting to sell their houses in Livermore.

1. Conforming rates are going to change, this will enable people to get much better loans up to about 635 thousand.
2. Banks are not giving away houses they own anymore.
3. We are running out of room to bottom out anymore.

The Bad news

1. Houses are sitting a long time, a 6 month average if you put your house on the market today at market price.
2. People still want deals.
3. Because of all the 100% programs, most people are very upside down in their houses.

What is going to happen in the future.

Things are probably going to stay about the same for quite some time, give it a year, new election, new attitude, people start spending, rates will drop even more and the effects of all previous rate drops will begin to materialize. Hang in there, as long as you dictate when you sell your property, you cant lose in real estate.