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MSD 02-16-2013 08:10:17 71.209.114.142 Report to Moderator

Just read an article this morning. At the end of 2012 there were 1,273 houses on the market in Sacramento, Calif. That's less than a months worth of houses for sale. In 2007, there were 8,965 homes for sale at the end of that year. That is close to a years supply. And that was in one of the hardest hit areas. Around here it is the same story. My realtor claims there are not many good homes for sale anymore. The biggest problem going forward is going to be the shortage of trained subs. A lot of guys went out of business and are no longer around. Kind of the same with processing a loan. You used to could get an appraisal and have the loan ready for closing in 3-4 weeks. Now they claim it takes at least 6 weeks to close. Main reason there is the lack of appraisers. I myself see the activity level has picked way up. Usually March brings people out to make plans to build but this year it started at the end of Jan. already. Different areas will take longer but it is all good in the housing sector here. in SE. SD. [Reply]   [No Email]