Fall is approaching. You can feel it in the air. I think the toughest part of real estate today is that buyers are seeing such low pricing on the bank owned properties or sellers doing short sales where they may be losing money but the bank is many times losing a lot more money than the sellers. Many of this properties have been neglected and dismantled. They don't always look pretty. If buyers can see through that, opportunites exist for them. On the other hand, many sellers have not wanted to bite the bullet regarding pricing their properties to sell. They still want to ask what they might have sold for a few years ago. The real estate agent must consult with the sellers to convince them that they no longer have that much equity. Many times they find out that they owe more than they can sell for today. That is a tough reality. The sooner they are convinced, they can quit making payments that are far costlier in the long run than taking the hit and moving on with their lives. If we could espect a significant rise in pricing, holding might make sense. One would most likely have to hold for more than five years to get back where we were a few years ago. In real estate, as in life, timing is everything. Nevada county is unique as it is a destiniation with lots of things to do, from outdoor activities to art, theatre and entertainment, fine dining and much more. So people do want to move here. Pricing and interest rates have never been better. Jump in while the water is warm!