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.
Sunday, January 14, 2007
Calls are picking up in Santa Clarita
Sunday, January 7, 2007
New Year, new blog
Happy New Year! Just a short introductory note, with the new year and all. Being full-time in real estate is challenging and exciting. One objective I have for the year is to use technology effectively to expand my business: keep in touch with past clients and prospective buyers and sellers.
I have a new website, http://www.changhomes.net/, which will be the main portal for all your real estate needs. I mainly expect the blog to summarize in quick bullets my observations from the real estate front and real estate news from my many sources on a weekly basis.
Join me in my observations, and I look forward to your comments!
Headlines for this first post:
Mortgage Rates Climb for Third Straight Week
Interest rates for 30-year mortgages increased slightly to 6.18 percent, but still fall well-below this year's high of 6.8 percent set in July.
Consumer Confidence Soars in December
The Conference Board reports that consumers' confidence in the economy rose to an eight-month high, which could signal an end to the housing downturn.
A Recession in 2007 Is No Sure Thing
Economists and other financial professionals have differing views on how the housing slump will affect the economy in the coming year.
Housing Market Trapped by Buyer Negativity
Real estate professionals say sellers are clinging to too-high prices and buyers are equally adamant about getting a bargain.
