2009 Home Forecast by RE/MAX Founder; Southland AOR Declares, "Balanced Market"

I hope everyone had a wonderful and restful Thanksgiving. Blogging continues as we go through a beta testing phase. Please pardon the dust.


Below are summaries of articles with links to more detailed articles (if hyperlinked). You are welcome and encouraged to click-through.


Countrywide to close Lancaster Call Center?

I am hearing that Countrywide/Bank of America will close its Lancaster, California, call-center facility and distribute those positions (may not be ALL those positions) in its other facilities in Simi Valley and Calabasas, among others. I am attempting to confirm.


RE/MAX Founder thinks 2009 will be like 2008

My broker went to a RE/MAX meeting in Pasadena on December 4, where RE/MAX founder, Dave Liniger, was speaking. In addition to being a consultant to Congress, he states that he believes 2009 home market will be like 2008.


Upcoming Santa Clarita Events, Now through February

Kid's Night Out! (December 12) - Parents can enjoy going to dinner, shopping, or just a night out while your children are participating in supervised fun. Children (ages 4-11) will enjoy food, a movie, crafts, and games inside the community room at Santa Clarita Park, while you have a night to yourself. All City staff are fingerprinted and CPR/First Aid certified. The cost is $18 per child. For more information, please call (661) 284-1465.


Unique Homebuying Opportunities Abound

Southland Association of REALTORS published a list of aid programs designed to help homebuyers. Click the link above.


Santa Clarita Valley October Home Sales up 78%

Driven by the continued presence of foreclosures at extremely favorable resale prices, sales of existing single-family homes during October in the Santa Clarita Valley increased 78.4 percent compared to a year ago. At the current pace of sales, the inventory of homes listed for sale represents a mere 5.3-month supply – precisely where experts believe a balance exists between buyers and sellers.

San Fernando Valley October Home Sales Soar 111%

Home sales increased 110.5 percent during October throughout the San Fernando Valley, propelled by a 30.5 percent decline in the median price.

At the current pace of sales the inventory represents a 6.0-month supply. Except for the presence of many foreclosed properties, a 6-month supply would represent a balanced market, where neither buyers nor sellers hold a negotiating edge.


Have a great week!



More articles (both self-written and sourced) can be found at:

* http://snipurl.com/waynesworld - Wayne's (Real Estate) World
* http://changhomes2.blogspot.com/ - Blog Repository