Comments on: Simi Valley Housing Market Update YTD July 31, 2009 http://homebuysblog.com/2009/08/16/simi-valley-housing-market-update-ytd-july-31-2009/ Simi Valley's Preimer Real Estate Research & Home Owner Information Blog Fri, 12 Mar 2010 15:13:42 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Cornelius http://homebuysblog.com/2009/08/16/simi-valley-housing-market-update-ytd-july-31-2009/comment-page-1/#comment-712 Cornelius Fri, 21 Aug 2009 20:56:42 +0000 http://homebuysblog.com/?p=812#comment-712 I added your blog to bookmarks. And i'll read your articles more often! I added your blog to bookmarks. And i’ll read your articles more often!

]]> By: Floost http://homebuysblog.com/2009/08/16/simi-valley-housing-market-update-ytd-july-31-2009/comment-page-1/#comment-711 Floost Wed, 19 Aug 2009 02:20:04 +0000 http://homebuysblog.com/?p=812#comment-711 Hmm... I read blogs on a similar topic, but i never visited your blog. I added it to favorites and i'll be your constant reader. Hmm… I read blogs on a similar topic, but i never visited your blog. I added it to favorites and i’ll be your constant reader.

]]> By: Bonnie http://homebuysblog.com/2009/08/16/simi-valley-housing-market-update-ytd-july-31-2009/comment-page-1/#comment-710 Bonnie Mon, 17 Aug 2009 16:30:22 +0000 http://homebuysblog.com/?p=812#comment-710 Hi Ted, This is a great post. Buyer should really consider what the $8,000 credit is going to COST them. The only flip side is that rates are still really excellent. So, "affordable" purchase prices in the lower end coupled with great rates seem to make buying on par with renting, with or without the tax credit. So, I think only rate increases are going to stave off the buyers frenzy in that lower end price range. We'll see how much the tax credit is affecting things in November, which is already a slow time. Again, begs the question, what is our government thinking. Perhaps the credit till Spring would have made more sense since real estate typically picks up then anyway. I think that the combination of the winter plus tax credit ending in Novemeber could cause a undesirable "bleak" figures for 4th quarter. Well at least it gives the media something to write about. Hi Ted, This is a great post. Buyer should really consider what the $8,000 credit is going to COST them. The only flip side is that rates are still really excellent. So, “affordable” purchase prices in the lower end coupled with great rates seem to make buying on par with renting, with or without the tax credit. So, I think only rate increases are going to stave off the buyers frenzy in that lower end price range.

We’ll see how much the tax credit is affecting things in November, which is already a slow time. Again, begs the question, what is our government thinking. Perhaps the credit till Spring would have made more sense since real estate typically picks up then anyway. I think that the combination of the winter plus tax credit ending in Novemeber could cause a undesirable “bleak” figures for 4th quarter. Well at least it gives the media something to write about.

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