From the monthly archives:

August 2009

Simi Valley Housing Market Update YTD July 31, 2009

by Ted Mackel on August 16, 2009

Simi Valley Housing Market Update YTD July 31, 2009
The Simi Valley housing market has not been boring lately.  Extremely low inventories, Super Low interest rates and the $8,000.00 Federal Tax Credit which expires December 1st have buyers whipped up into a frenzy competing for very few homes for sale.  This situation has stabilized the lower [...]

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False Recovery? How Fragile is the Simi Valley Real Estate Market

by Ted Mackel on August 9, 2009

False Recovery? How Fragile is the Simi Valley Real Estate Market

This is a chart I whipped up last year trying to illustrate what a mortgage interest rate does to the real estate market when it goes over 6%.  I might have posted it before, but it really needs another look at with our current market [...]

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Simi Valley Housing Market Update YTD 6-30-09

by Ted Mackel on August 6, 2009

Simi Valley Housing Market Update YTD 6-30-09
While the unit number below show a total inventory of 342 Simi Valley Homes for Sale,  the reality is that under 170 are “Actives”; the balance are in escrow listed as “contingent”.  This is import in that these “contingent properties”  are mostly short sale properties and are not in [...]

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