Lure of a deal starts to bring buyers back
Savvy buyers enticed by falling prices, decent inventories and low interest rates are beginning to test the waters again, local real estate experts say
Kathy Hilstein watched the housing market carefully last year, waiting for prices to fall.
In November, she decided to buy an investment property— a foreclosed condominium in Santa Maria. In March, she closed escrow on a second foreclosed property, a two-story home on an acre off Los Berros Road in Arroyo Grande. Hilstein, the owner of a cleaning service, liked it so much that it’s now her permanent residence.