Simi Valley Housing Market and Economy is in for long recovery

Simi Valley Housing Market and Economy is in for long recovery

If you want hype, then my Blog is not the place to hangout.  If you want doom and gloom then think twice before you read this post.  The future of Simi Valley’s housing market is no where near as rosy as many of my colleagues would what you to believe, but with careful planing and patients many people will buy and sell homes successfully in the difficult Simi Valley housing market that lies ahead.  The fact is that Eight times more millionares are made in recessions than in good economic times.

The loan programs that created the unprecedented run up of Simi Valley housing prices will not return.  Those programs accounted for almost 30% of the home buyers during run up.  Take 30% of the buyers out of any business model and it is easy to see why we are in the mess we are in.  Now consider that those buyers will never return to the market and it is very easy to understand that when the bottom hits, it will be a slow climb out.  The one bright spot in our future is that the population is grown and California attacks more people than those that move out of the area, so demand will always be a positive factor in Simi Valley’s housing market.  

Ventura County has a slow controlled growth attitude both on the city and county levels which will keep inventories low.

Below is an interview with Robert Schiller on the future of the economy.