Lakewood Real Estate News

(2/13/09) In a report released earlier this month, Moody’s “Economy.com” predicts a nationwide home price bottom in metropolitan areas in the 4th quarter of 2009.
While we think that may be possible, we think there are a number of red flags Moody’s may be neglecting. We’ll explain our own theory of when to buy [...]

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Today’s home selling market here in Lakewood is challenging, but it’s not impossible. We’ve seen worse–much worse. Like back in the late 1980s, in the months leading up to the first Gulf War.

Back then, buyers were virtually non existent in Lakewood. Today, the buyers are out there, but they have plenty of homes to choose from, and they’re not in any hurry. With the correct approach, Lakewood properties can be sold quickly without “giving them away.” A good illustration is provided by the southern half of one 50-home block in Lakewood’s 90712 zip code.

This past February year, six homes were on the market there. By the start of July, three of them had sold and closed escrow, one had been taken off the market and rented out, and two remained on the market unsold, even as their lender was in the process of foreclosing.

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