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market conditions: Real Estate Market Index Report La Canada Flintridge CA February 2010 - 03/12/10 06:39 PM
Real Estate Market Report
La Cañada Flintridge, CA February, 2010
At A Glance
La Cañada Flintridge continues to have the lowest Market Activity Index of the areas I monitor. Important points this month: A big increase in new pending listings and a drop in the Months of Inventory from 8.9 to 6.9 months. Interest rates are forecast to increase by as much as a half point so now would be a great time to lock your rate.
Market Activity Index 0.29, up 12 points. The Market Index is back to the same level as May-June levels - talk … (0 comments)
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market conditions: Real Estate Market Index Report Glendale CA February, 2010 - 03/10/10 06:02 PM
Real Estate Market Report
Glendale, CA February , 2010
At A Glance
The Market Activity Index decreased for the third month in a row, creating the perfect storm for buyers: low interest rates (although projected to increase soon), more inventory, and prices dipping. Remember that you need to open escrow by April 30th and close by June 30th, so for a short sale that could be a challenge. To lock your rate you need an accepted offer.
Market Index- 0.43 - down 4 points.
The Market Index is at 0.43, down from 0.47 last month and up compared … (0 comments)
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market conditions: Real Estate Market Index Report East San Fernando Valley CA February 2010 - 03/10/10 05:50 PM
Real Estate Market Report
East San Fernando Valley, CA February, 2010
North Hollywood, Sun Valley, Valley Village, Valley Glen, and Van Nuys.
At A Glance
The Market Activity Index declined, due to an increase in Listing Inventory. This may make this the best time for buyers to submit some conservative offers. Prices seem to be showing a reluctance to go lower, so this is the perfect storm for buyers - low interest rates, low prices, and the $8,000 Federal Income tax credit requires you to enter escrow by April 30th and close by June 30th, making short sales risky.
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market conditions: Real Estate Market Index Report Burbank CA February 2010 - 03/10/10 05:41 PM
Real Estate Market Report
Burbank, CA February, 2010
Burbank At A Glance
The Market Activity Index decreased due to three primary factors: More new inventory coming on the market, fewer sold listings closing escrow, resulting in an increase in listing inventory. The new Federal Tax Credit for buyers requires escrow to open by April 30th and close by June 30th. With interest rates anticipated to increase as much as one full point, now is the time to lock your rate and buy. It's the perfect storm for buyers - low interest rate, more inventory, and the Federal … (0 comments)
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market conditions: Real Estate Market Index Report Burbank CA October 2009 - 11/19/09 05:50 PM
Real Estate Market Report
Burbank, CA October, 2009
The Market Activity Index declined due to a jump in new inventory, namely two condo projects. Contrary to Glendale, the developers in Burbank are by and large opting to sell their new projects, while in Glendale they are opting to lease them. This is a great time to buy, with the extension of the income tax credit and the favorable interest rates, which are predicted to increase in the spring when the stimulus funds are exhausted.
Market Activity Index -0.65 - down 16 points.
The market index is … (0 comments)
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Keith Sorem
Glendale,
CA
More about me…
Keller Williams Realty
Address: 411 North Central Avenue, Suite 100, Glendale, CA, 91203
Office Phone: (818) 432-3269
Cell Phone: (818) 230-8049
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