Hey everyone, here is your update – with record low mortgage rates – 15 year fixed at 2.71% and the 30 year mortgage rings in at 3.49%. Where does that leave you?
Buying a home is a very personal decision. It may not be the right time for you to buy. On the other side of the coin, it may be the best thing you could do at this present time.
Either way – whether wanting to buy or wanting to wait – you will want to get on the REMAX of Santa Clarita Professional Realtors Updates. You can easily subscribe by typing in your email address below. We don’t spam (I hate that), we only email a couple of times a month with the most recent market updates that fit well for both buyers and sellers.
Inventory is the worst it has been in the Santa Clarita valley cities as of late. We have watched as a decline in inventory started late last year, 2011, and continues today. We have an real estate inventory page set up for the specific Cities in the Santa Clarita Valley you can check. It’s quite revealing!!!
Having said that – it will get better. We have been watching as the Auctions have become twice as active with the homes, condo’s, and town-homes selling at twice previous rates. More than 95% of those residences selling at auctions become “flips”. That is going to give some relief to the currently depressed inventory.
When you are first considering real estate – you are going to want to get into contact with the BEST real estate lender in the Santa Clarita Valley. We have those at our disposal and will be happy to be your advocate in the loan obtaining process. Be Safe and talk soon.