Category Archives: Real Estate 2015

Single Family Home Prices Are Rising In Santa Clarita

May saw a $30K jump in the median price of single family home prices in the SCV.

Good news for Santa Clarita homeowners came from the Southland Regional Association of Realtors who recently reported that home prices Bridgeport Nightcontinued to rise in May, with the median price of a single family home jumping to an average of $530,000. That’s a $30,000 jump from April, and a $45,000 jump from May of 2014.

We’ve seen single family home prices steadily rise throughout this year, with gains rebounding from recession-era lows since the end of 2012.

Is this what’s known as a “seller’s market?”

Sellers have been able to take advantage of the upswing in equity over the past few years. This does not necessarily mean that “anything goes” when it comes to pricing their home, however. read more

What Does It Mean When Home Prices Level Off?

Median property prices leveled off between March and April, but is that really cause for concern?

We’ve seen a lot of great things as far as the Santa Clarita real estate market goes. In the past 3 years, we’ve seen a rebound in sales figures and prices, Santa Clarita Home Pricesincluding a huge reduction in short sales and foreclosure sales.

So when the Southland Regional Association of Realtors releases statistics showing that single family home prices in the SCV dropped $20,000 between March and April, some homeowners give it cause for concern. But is it?

Home prices regularly fluctuate.

If you look back over the sales figures history as provided by the Southland Regional Association of Realtors, you’ll find that home prices regularly fluctuate, even in a hot market. What you’ll want to consider is the overall long term growth in value, especially if you’re planning to stay in your home for a long period of time. read more

Will Interest Rates Rise In 2015?

Federal Reserve chair recently hinted that rates may rise sometime this year. What might that mean to the Santa Clarita real estate market?

With exception of a minor hiccup in hiring last month due to unseasonably cold weather in other parts of the country, our national economic federalreservecondition has seen much improvement since the dark days of the so-called “Great Recession” that reared its ugly head in 2008.

“But what does this have to do with mortgage interest rates?”, you may ask. 

Interestingly enough, it all ties in together. Banks and mortgage lenders borrow money from the Federal Reserve who sets a “wholesale” base borrowing rate for lending institutions. From there, consumers are charged a “retail” rate that is usually a few points above (Based on credit rating, etc.). read more

Is 2015 YOUR Year to Buy a Home?

Real Estate rebound shows that buying a home is one of the best investments you can make.

We regularly extol the virtues of home ownership. Yes, it IS better than renting, and yes, it IS one of the best investments you can make in your 2015 Real Estate Updatelifetime. Why is it the best investment, and when?

That’s a good question, as there are many ways to, and many reasons for, investing in real estate. In this article, we’ll focus on purchasing a home that you will occupy as your residence for an extended period of time.

You WILL make money on your investment.

Yes, we’ve seen some relatively short term losses in real estate a few years back. The recession definitely put a dip in the marketplace for a couple of years. However, prices and equity have rebounded to pre-recession levels. What’s more important is the understanding that, in the long term, real estate increases in value annually on average at somewhere between 3 and 5 percent. The Santa Clarita market has seen prices rise annually in the past couple of years in the range of double-digit percentage figures, which compensates for the drops in prices between 2008-2011.  read more

What Are Your New Year’s Resolutions?

Many people use the new year to better themselves. Have you thought of “bettering” your real estate options?

The new year is fast approaching. Do you make resolutions? More importantly, do you KEEP your resolutions? 🙂Make your New Year real estate resolutions

We often use this time of year to consider what we can do to better our lives. After all, the new year is kind of like a new slate, isn’t it? When considering these options to better yourself, are you considering your environment? Your assets? Your future?

The new year is a great time to explore these other possible opportunities. Are you still renting a home? If you own a home, have you checked in on its current value? Is it time to move, remodel, or access equity? read more