santa clarita valley real estate market: 6 Reasons it is wise to purchase CA real estate in 2010! - 02/18/10 07:55 PM
Here is some helpful information for anyone looking to purchase real estate in 2010.
1. More inventory is coming - NAR / RealtyTrac -say there are more than 2 million homes are currently in the foreclosure process, and foreclosure notices will rise to 3.1 million 2010. This flood of inventory will hit our market. One reasons for this is Obama Administration pressure banks to postpone repossessions until loan modifications could be attempted. However, many banks didn't have the staff to assess all their defaulted loans and they have just postponed dealing with them. Ultimately they go into foreclosure in 2010.
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santa clarita valley real estate market: The Truth and Nothing But the Truth! - 06/07/07 07:34 PM
The Santa Clarita Valley market is definitly in a down market. You may not want to believe it, but the numbers don't lie. We entered 2007 with a lot of activity in the lower end housing. But when the large sub prime lenders started going bankrupt the low end activites dried up. I was hoping that first time buyers would still qualify with 3-5% down, but very few buyers are qualifying for new loans at all. According to my research March 2007 the SCV had 300 homes close escrow, in April 225 closings and May only had 236 closings. In May … (2 comments)
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