Simi Valley's Preimer Real Estate Research & Home Owner Information Blog
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Impacting Home Values Is the Real Estate Industry Heroes or Villains (Video Blog)
In this Video Blog this will be the beginning of discussion on how values are determined for your home. There are many factors involved in home valuation so please stay tuned for the second part of this series. In this episode [...]
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In this year to date Simi Valley Home Sales Report, I am going to first cover what happened in December and then look at the year as a whole, with a prediction of how I see things shaping up for the 2010 Simi Valley real estate market. I am seeing similar activity in the West [...]
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The lunatics have taken over the asylum. (CNBC video interview at end of this post)
Beside being the song title of a 1980s new wave band (Fun Boy Three), the title of this post may be more accurate than even I realize.
I follow the papers, several blogs including Calculated Risk, Square Feet Blog, industry blogs such [...]
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Multiple Listing Service – Flawed Data
Days on market is a number used to try and gage how the market is moving. I am going to point out why this number is becoming very unreliable. Two abbreviations you may hear are Days On Market DOM and Cumulative Days On Market CDOM. Until just a year ago [...]
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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
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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National Economic Woes will impact Simi Valley Real Estate
I am posting two clips from youtube. This first clip was from January 39th and the second is from May 6th; this should cause all great concern. The housing market is not going to recover anytime soon. Our national economy and our state economy [...]
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HVCC impacts Simi Valley Homes For Sale
HVCC – HOME VALUATION CODE OF CONDUCT
History:
New York Attorney General, Andrew Cuomo investigated Fannie Mae and Freddie Mac appraisal practices. Fannie and Freddie (with the Office of Federal Housing Enterprise Oversight (aka – OFHEO) agreed to adopt new changes to how appraisals are processed in the mortgage industry in [...]
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Simi Valley Homes For Sale Market Report May 31st 2009
My Video Commentary on the current Simi Valley Real Estate market conditions will follow shortly. For now the closing numbers up through the end of May are below. Oh Yeah, no we have not hit bottom yet…..I’ll explain later.
Activity – Single Family Detached [...]
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Simi Valley Real Estate Market Report YTD April 30 2009
The table below contains the Simi Valley Homes for Sales numbers and closing numbers Year-To-Date April 30, 2009. One number that our Multiple Listing Service Statistical reports do not separate is the Active Listings. Our Simi Valley Multiple Listing service lumps the homes [...]
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Ted Answers Trulia Voices