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 […]
False Recovery? How Fragile is the Simi Valley Real Estate Market
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 […]
Simi Valley Housing Market Update YTD 6-30-09
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 […]