August 17, 2010

Credit Suisse Survey

Posted to Buyers, Jennifer Hamilton, Real Estate Sales, Sellers

Each month I am asked to participate in a survey for Credit Suisse. Credit Suisse is an independent company that does market research for financial markets and real estate markets. In their July report, Credit Suisse evaluated three components in the real estate market. Traffic in the market by sales, downward pressure on pricing, and incentives in the market such as buyers credits. The Survey is done on a nationwide bases, then broken down to show trends in key real estate markets throughout the nation. In general, the conclusion for July is that, almost without exception, the traffic in the real estate market went down. In addition, the downward pressure on pricing continues as inventory increases, and incentives have all but dried up.

The major areas in California that are included in the survey are Los Angeles, San Bernardino, San Diego, Sacramento, and San Francisco. Click here to read the complete survey which I found very interesting. Take a look at what is going on across the nation. California is not the only state feeling the pinch.

As always, your comments and questions are welcome.

Posted by: Larry Smyth