Bonnie's Blog: Hollywood News and Market Info.

Happy Holidays!  Things are slow at this time of year  in real estate as expected, although some folks are out  looking for homes while in town on their (get warm!) vacations.  A lot less newly posted listings this week, and very few homes went under contract.. although price reductions are still popular as sellers try to entice buyers in. 

This article (link below) appeared on AOL today regarding the still declining prices of homes sold.  Business Week quoted Bank of America as stating they didn't expect appreciation in homes until 2012.  The Florida Department of Realtors took a strong stand against that remark stating that contrary to their indications, single family homes are still selling and the decline in pricing is not as steep as it was at the beginning of 2007.

http://news.aol.com/business/story/_a/home-prices-post-record-decline/20071226093909990001

Stay tuned for additional Real Estate news in the days to come. 

If you've purchased a home this year, you'll need a copy of your HUD statement for tax purposes.  If you've misplaced it, your realtor has a copy, so don't hesitate to call.

All the best,

Bonnie