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There is good news for real estate appraisers.
Southern California's home sales increased over year-ago levels for the first time since September 2005, climbing above 20,000 transactions for the first time in 13 months. After having gone without a sales increase for a record 33 months and sales down every month but February 2007, things are starting to look up.
DataQuick reported that home buyers are taking advantage of discounted prices and buying foreclosure properties in more affordable areas. Although this has led to a decrease in the median price, it has driven up sales numbers. Foreclosures accounted for 44% of all resales.
With every house sale requiring a home appraisal, this opens the door to opportunities in real estate appraisal. The increased activity will eventually lead to an upswing in the real estate market -- leading to more opportunities for the licensed appraiser.
It's the perfect time to start an appraisal career and be prepared for opportunities on the horizon!
Labels: California real estate, California real estate appraisal, Real Estate Appraisers
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