Lakewood Real Estate News

(12/18/08) by Dave Emerson Note: There is increasing evidence that the Lakewood, California real estate market is passing a price bottom this December.  This post explains one of the reasons I think the bottom is most likely to come during the winter.  In a few days I’ll explain the reasoning why this might be the [...]

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(10/8/08) We ‘ve been teaching brief buyers’ and sellers’ classes for the city of Lakewood for about 20 years now. I like to do a buyers’ class early in the fall each year in anticipation of the market bottom that usually occurs during the winter months (see “Real Estate 101: Our 2 market cycles.”)

Several months ago we scheduled this year’s class with Lakewood’s Community Services Department for this Saturday, October 11, from 9 - 11 a.m. at Lakewood’s Mayfair Park (details & registration link here). At the time, we were anticipating at least the annual market bottom and possibly a cyclical bottom as well, but we weren’t exactly anticipating the events of the last few weeks!

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“ECONOMY HAS HEADS SPINNING” the newspaper screamed at me a few days back before I’d even picked it up off the driveway. Stocks tanking, huge firms failing or being bailed out, DataQuick medians show yet another home price drop, and now the “$700 trillion dollar Federal Bailout.”

And we decide now’s the time to tell you it’s a sellers’ market in Lakewood?

Sort of.

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