Interest Rates and Inflation in the Simi Valley Real Estate Boom
Simi Valley Real Estate Home price increases and inflation
Click on the chart to see the large version
Simi Valley Real Estate Home price increases and inflation
Click on the chart to see the large version
A question about what the average days on market for homes sold in Ojai California was posted on Trulia. This made me immediately think of how bad this number is in Ventura County. The Ventura County Regional Data share does not track Cumulative Days on Market and this is the number that [...]
Yes that is right, Simi Valley inventory has dropped, but before you go out into the streets and celebrate, let me explain the numbers a little more.
Single Family Detached homes inventory has dropped, Town homes and condos inventory has risen 13%.
Buyers are still very cautious and even though there has been some increased buying, it [...]
Zillow emailed the following report for Simi Valley real estate home values. Whether you love or hate Zillow, I have been monitoring the Sold listings and it is clear that the average Sales Price has dropped this year. See my following blog post for the lastest numbers:
http://homebuysblog.com/2008/05/10/simi-valley-real-estate-homes-sales-update/
Until the fallout of the lending industry [...]
This is a great question that was asked on Trulia. The answers were pretty interesting and the format of Trulia really does not give the best environment to handle questions like this in the matter of detail these questions deserve. Below is the link to the original question, followed by a Video Blog response. [...]
As an adjunct to my Perfect Storm Blog post. I went to NAR’s website and looked at the historical sales data, to study the trends as I am constantly asked how long will a recovery take or when will the bottom hit. Those waiting for the bottom will likely miss it as the laggards [...]
I promise not to completely trash the home inspection industry, but I think it is very important that everyone understand that there is NO REGULATION in this industry. If I want to be a home inspector:
I can have business cards printed up and some letterhead, Buy a few basic tools, a clipboard and I [...]
During the last several years we have lived through a Real Estate Boom, unlike most have ever seen. Simi Valley Housing prices were rising at double digit rates year by year. Homes sold with multiple offers in days and Sellers had the upper hand in 99% of the negotiations. Fast forward to today and most [...]
This report is an update report of all the closed sales of single family dettached homes for Simi Valley. The good news is that we are definately seeing more units close as this trend started in April and is continuing into May; however the the Average Selling Price is dropping and dropped significantly [...]
What is REO? Here’s one for the longtail and a sort of WIKI entry to my BLOG!!!
In any business it is hard not to slip into the industry vernacular and forget that our audience may not really be following. REO is an acronym for Real Estate Owned. Here in Simi Valley and Moorpark an REO [...]