by Ted Mackel on August 18, 2010
Simi Valley Home Buyers, if you are out shopping for a home and are going to use FHA financing it is important to make sure you get your FHA case number before October 4th, 2010 as the FHA Premium goes up after this date. John Yang independent mortgage broker and author of the Mortgage Video [...]
by Ted Mackel on August 10, 2010
The number of single-family detached homes sold in Simi Valley for the month of July 2010 pulled back from a robust June market. There really is no significance in the decline for the following reasons. The federal tax credits expired June 30, there was a rush to close escrow’s to qualify for the tax credit. [...]
by Ted Mackel on July 26, 2010
Altos Research CEO Michael Simonsen on the Fox Business Network discussing the future of the US housing market I met Mike a couple years ago at Real Estate Bar Camp. Mike’s Company provides very robust Real Estate statistical data. Altos Research. Great to see him on Fox News. Congratulations Mike!
by Ted Mackel on July 23, 2010
The tables below breakdown the sales for single-family detached homes in Simi Valley’s notable Wood Ranch community.I’ve purposely not mixed the Wood Ranch condo-town home market with this data as the diversity and size, types of complex and amenities are a very broad range for attached homes - skewing the averages. The same pattern is [...]
by Ted Mackel on July 12, 2010
Looking at the numbers for June 2010, Simi Valley home sales look promising. Once you look past the surface of the reported numbers, some concerns become apparent. The federal tax credit set up to entice first-time home buyers with $8000 and move up buyers with $6500, was conditioned that those buyers needed to have a [...]
by Ted Mackel on June 28, 2010
Simi Valley’s Texas tract is one of the more popular areas north of the 118 freeway for home-buyers moving or relocating to Simi Valley. Typically comprised of older homes on larger lots with wide sweeping streets on a gentle sloping downhill, pricing has always been attractive to the largest segment of the market. Texas tract [...]
by Ted Mackel on June 20, 2010
Simi Valley detached home sales for May of 2010 essentially matched the results of May 2009. While May sales saw an increase in sales volume over the first four months of 2010, the expiration of the tax credit should have accounted for a higher sales volume. The federal tax credit deadline finishes on June 30 [...]
by Ted Mackel on May 17, 2010
Simi Valley homes for sale for the month of April 2010 had a slight uptick. The gain in average sales price and the slight gain in the total number of Simi Valley homes sold, is largely related to the federal tax credit that expired April 30. Effects from the federal tax credit will be seen [...]
by Ted Mackel on April 13, 2010
Median Home Prices and Regional Reporting Misrepresents Local (Simi Valley) Market Conditions To find the median home price, you take all the sales from highest to lowest and find the middle number. This approach to determining the current real estate market conditions is a waste of time and not reliable. The following chart below shows [...]
by Ted Mackel on April 11, 2010
Federal and California tax credits were created to lure home buyers into the market. Simi Valley home buyers have a small window of opportunity to take advantage of both tax credits and double-dip the system. The federal first-time home buyer tax credit of $8000 is set to expire April 30. More specifically, home buyers qualify [...]