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So, We’ve Hit Bottom In Big Bear……..Not So Fast!

[viddler id=8b2cd2a8&w=545&h=349] There's been a lot of talk recently about the real estate market in Big Bear hitting the bottom. Rightfully so, with sales up nearly 50% from last year, interest rates under 5%, the number of properties on the market down 25%, and prices down 25% to 50% from their peak, it is natural to think we are there are close to it. I guess it depends on what you call the bottom, number of sales or prices? If it is sales, then yes, we already hit bottom last year. But, prices are … [Read more...]