June 2010 Simi Valley Home Sales Are Unimpressive As Tax Credits Fails to Produce Stimulus Promised

By
Real Estate Agent with Keller Williams Realty Simi Valley 01224852

Simi Valley June 2010 home sales might not have lost ground from 2009, but surely the point of the federal tax credits should have produced more than a gain of only seven homes in the detached category. Home sales year-over-year are not improving much at this point. The positive  outlook is that the bottom the Simi Valley housing market hit in May of 2009 has not been retested. The massive volume of properties with nonperforming loans will continue to keep the reigns on this market. The climb out will continue to be slow and long drawn out. I've posted a more detailed reporting of the activity from June and this article  June 2010 home sales report for Simi Valley detached homes.

Number of Simi Valley Homes Sold 2006 through 2010

 

Simi Valley home Sales Report for June 2010

Comments (2)

Scott Baker
www.eHomeReports.com Coldwell Banker Realty - Liberty Township, OH
Realtor Homes for Sale Cincinnati/Dayton Ohio

It is interesting what the stimulus did and didn't do. Regardless which side of the political spectrum you are on, it really it tough when we spend money for what ends up to be for nothing. Charity.

Jul 22, 2010 06:26 PM
Ted Mackel
Keller Williams Realty Simi Valley - Simi Valley, CA
Simi Valley Real Estate Agent

Thanks Scott,  I am not sure if political really matters.  The impact here was very very minor.  I think people need to wake up and realize that the fix to this market is going to be long and slow and there is nothing wrong with that if you understand it and plan accordingly.

Jul 22, 2010 06:37 PM