Simi Valley single-family detached home sales for February 2011 saw the highest volumes since 2006. While the typical response to a record month of sales was jubilation and claims of market recovery, looking closer at the numbers shows that while there was an uptick in the number of homes sold the market still has a […]
Simi Valley Home Sales Report for January 2011
Simi Valley family detached home sales report for January 2011 really doesn’t jump out compared to last couple of years; pretty much the same activity. Sales under $500,000 continue to dominate the market, with sales under $300,000 continuing to show the market moving along a base price point. The year-over-year average sales price remains in […]
Simi Valley Home Sales Report for December 2010
Simi Valley home sales for the month of December 2000 and finished off strong and in similar fashion as we saw in December of 2009. The higher volume and sales is not an indicator of market recovery for the following reasons. We’ve seen an increase of homes for sale under $300,000. The distressed market consisting […]
Simi Valley Home Sales Report for November 2010
Simi Valley home sales trends for November 2010 continued to match patterns we’ve seen over the last year. Volumes, pricing and most other factors remain unchanged month over month. While this stability is a good sign for the Simi Valley real estate market, most are still uneasy about future outlook of home sales. Interest rates […]
Simi Valley Home Sales Report for September 2010
Simi Valley home sales for September 2010 held their ground and blended in with the running averages. Interest rates remained below 5% in September and some buyers were able to lock rates below 4 1/2%. Even with historically low interest rates Simi Valley Home buyers remain cautious. While the number of distressed properties listed for […]
Simi Valley Home Sales Report For August 2010
The number of single-family detached homes sold in Simi Valley for the month of August 2010 retreated slightly for a second straight month. While interest rates are favorable, loan qualification is tougher and buyers are not quick to jump into a purchase with the lack of tax credits for incentives. The popular price range continued […]
Housing Prices Still Too High? Rightly Taking a Swipe at NAR
If you are a regular reader of this blog, you’ll know that I’m not a big fan of hyping the real estate market back into recovery. The banking industry, unemployment and the economy in general, still will have a large impact on home values over the next 3 to 5 years. It is not popular […]
Simi Valley Home Buyers – FHA Premium Goes Up After Oct 4th
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 […]
Simi Valley Home Sales Report For July 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. […]
Altos Research CEO Michael Simonsen on the Fox Business Network discussing the future of the US housing market
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!
