Inventory Creeps higher

At the moment there are 535 properties for sale in the town of Livermore, this is close to an all time record high and so with 60 or so sales a month we have several months of inventory to get through before the market gets into balance.
You can search all listings available at www.thescotsman.com, scroll down to the map, pick a town and click.

Mortgage lenders have overeacted to the lending crisis by, in some cases eliminating certain loans completely, and tightening standards for buyers and raising interest rates. This has directly affected move up buyers negatively. However August is usually the slowest month of the year and I would expect sales to pick up soon.

Want to know what your house is worth? visit www.livermorehomeprices.com.

Related posts:

1. Fed Lowers Rate
2. Could it be..a glimmer of light?
3. Sales Volume Up in Livermore and Pleasanton!
4. Have we hit bottom?
5. Interest Rates Fall

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