4th of July Events & High Prices Update

By
Real Estate Agent with RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident BRE# 01215778

​​ Friends, Family & Clients,

We haven't faced a real estate market like the current on in the Spring & Summer of 2021 since 2004, 2005 & 2006.  In 2004 price raised by 24 %, 2005 22 % and 2006 18 %.  Following these increases prices plummeted by 45-50 %.  The lending conditions are much different at this time as most homeowners are well qualified and have a large amount of equity in their homes.  The "Liar Loan" have virtually disappeared and lenders have been much more diligent about qualifying their customers.  People also have a much higher down payment in most circumstances.  This being said, prices can still crash overnight once homeowners flood the market and there becomes more homes for sale than buyers willing to pay the price for them.  Another factor is the Eviction Moratorium will be ending in a few months.  This will help homeowners to get out of debt by selling their investment properties.

Are you ready to take advantage of the value of your home and put your equity to work for you?  Give us a call to discuss selling your home at the current peak of the market.  We'll give you a true market evaluation and share with you our marketing plan.  We have been Listing & Selling Homes since 1996


Click Here to see 4th of July Events in Santa Clarita, Los Angeles or Orange County and California

 

Presented by your Friends & Realtor

Tony & Dani Lewis Summit Real Estate Group

www.TonyLewis.com tonyglewis@yahoo.com

Call or Text us at 661-510-7975

Comments (1)

Raymond Henson, eXp Realty
eXp Realty of California, Inc. (lic. #01878277) - Elk Grove, CA
Realtor

I agree, things are much different this time around, but we still need to be cautious.  Markets can and do change.

Jul 01, 2021 03:13 PM