market analysis: The Truth and Nothing But the Truth!
- 06/07/07 12:34 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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Dave McKean
Your Home Sold Guaranteed or I’ll Buy It, Call Dav
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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