Los Angeles housing has certainly changed its course. And the holidays are upon us which historically is a slower time in real estate. And just about every neighborhood you look, there is a for sale sign.  Do we continue to feed the housing slump talk?

Lower housing prices are good for lots of people, but not for everyone. Those who sell, will sell for less but will make up for their loss potentially on the purchase side.  Those who buy now will know to stay put for a while, which will mean they’ll have less debt.  Those who were counting on their home price to fund their retirement will worry. However, if they don’t have to sell, the lower property value will aid in lower property taxes-thus resulting in lower revenue for local governments. 

In the end, you could almost fight to the death about the pros and cons of a falling real estate market.  My $.02 tells me that it will be a wonderful opportunity to expand your housing portfolio. And it will certainly allow others to just simply get in on the dream of home ownership!  So let’s keep the housing heart beat alive-albeit ever so slowly!!