Real Estate Market Showing Real Signs Of Life

This is very true. Signs of life are an understatement.

CBS Los Angeles

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LOS ANGELES (CBS) — The real estate market appears to be rebounding after a long slump. And all market trends and economic indicators show it.

But there are also indications that what buyers are looking for — and the market itself — have changed in significant ways.

Suraya Fadel reported from Studio City Thursday — a location that is seeing a particular boom.

She profiled realtor Grace Mitnick who has sold homes and property in the San Fernando Valley and westside for the past 18 years.

“Inventory is low. A lot of buyers are out there taking advantage of interest rates and prices. Every property I’ve written has been in multiple offers since November.”

Mitnick says that is a welcome sign for buyers and anyone trying to sell a home.

“Buyers want to feel like they’re getting a lot of bang for their buck,” Mitnick…

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