We are seeing many signs that the housing market is starting to stabilize. The link below details the trend in California in general where inventories are shrinking and sales volume is rising. Prices seem to have reached the bottom and the buyers are coming out. In Pasadena, through the end of March, we have seen a more than 200% rise in sales volume over the same period in 2008 -- and inventory is lower than last year as well. What does it all mean? A great buying opportunity as prices are very low and interest rates are even lower. And financing is much more available than people realize. Call or e-mail if you would like details on a specific area. As always, I would appreciate your recommendation to any friends, neighbors or relatives thinking about buying or selling real estate.

http://www.latimes.com/news/opinion/commentary/la-oe-krueger28-2009mar28,0,7464386.story