Calls are picking up in Santa Clarita

I'm noticing and hearing from other real estate agents that buyer interest in the Santa Clarita Valley is definitely picking up. We are getting many more phone calls from motivated buyers, although we aren't offiically in a "buyer's market." A buyer's market is defined as having a 180-day (6 months) housing inventory, yet the average time on the market in the triangular valley has decreased from about 100 days to about 90.

If you are interested in selling your home, please call me at 661/312-1232. I pledge to all my sellers unsurpassed service and dedicated marketing plans.


In Other News:
Home Sales to Rise Gradually into 2008
A steady improvement in existing-home sales will support price appreciation moving forward, says National Association of Realtors Chief Economist David Lereah.

Buying, Managing Small Properties Can Pay Off
Even in today's uncertain climate, a hands-on real estate investor can make money with smaller properties.

Empty Houses Lead to Lower Prices
Owners of unrented, unsold homes must pay for insurance, lawn service, taxes and the mortgage. Those costs convince them to lower the price.

30-Year Mortgage Rates Climb to 6.21%
This week's increase in 30-year mortgage rates marked their highest point since November. Interest rates on 15-year fixed loans and ARMs also moved higher.

Mortgage Applications Climb Sharply
Requests for purchase loans were up 16.2 percent and refinancing applications rose 17.3 percent, according to Mortgage Bankers Association data.