Simi Valley housing sales for May 2013 increased by 25 units over April’s volume. Homes continue to sell near, at or just above the original asking price across all price sectors. Homes in the $400,000-$500,000 price range continued to dominate sales as they did in April. The median price for single-family detached homes in Simi […]
How will sequestration effect the housing market?
I have been scanning the news online for days looking to see if anyone has really studied how sequestration will effect the housing market. Two positions emerge; one from housing industry cheerleaders and the other position from people speculating how cuts may directly impact entities like the Federal Housing Administration (FHA). On average approximately 20% […]
Simi Valley December 2012 Home Sales Report
Sales of single-family detached homes in Simi Valley during the month of December improved slightly over the prior year’s totals. Median home pricing settled out at $400,000 and the average sale price retreated $27,000 at its lowest point since June 2012. Distressed properties still make up approximately 50% of all sales. Restricted inventories and low […]
Home Owner Relief – FHA policy seeing the benefits of Short Sales
While the new improved FHA policy looks to aim at the hardest hits part of the county, this is definitely an improvement in understanding how to tackle a difficult problem. Over the last 4+ years, 50% of the sales I have been involved in have been Short Sales. There is no shortage (no pun intended) […]
Simi Valley September 2012 Home Sales Report
Homes Sales in Simi Valley for the month of September backed off slightly. The monthly average of 115 sales dropped to 109. While September is a busy month for many families, the restricted inventory and low interest rates still did not deter solid interest in home purchases. The Simi Valley housing market is very stable […]
FHA Loans are about to get more expensive
On April 9th the Federal Housing Administration announced that the cost of mortgage insurance premiums are going up. This will affect home buyers in the following ways: An increase from 1% to 1.75% in the upfront mortgage insurance premium A .10% increase in the annual mortgage insurance premium. On June 11, 2012 loans exceeding $625,000 […]
10 Mistakes Home Buyers Make with Simi Valley Short Sales
Simi Valley Short Sales have been a big part of my business for the last couple of years. It is important to avoid the 10 Mistakes Home Buyers Make with Simi Valley Short Sales. These transactions are very complex and not every real estate agent is equipped to handle these transactions. It is easy to […]
12 Tips To Make Your REO Offer More Attractive (Bank Owned Homes)
12 Tips To Make Your REO Offer More Attractive (Bank Owned Homes) Currently I represent a local Southern California Bank with their REO (Bank Owned) properties in Simi Valley, Moorpark, Camarillo, the Conejo Valley and West San Fernando Valley. I have also represented buyers on other bank owned homes. Below are 12 tips to help […]
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 […]
Second straight month Simi Valley Home Sales drop – Inventory edging up
Second straight month Simi Valley Home Sales drop – Inventory edging up The Simi Valley Real Estate market may have more personalities than Sybil. December saw the highest closed sales for single family detached homes in Simi Valley for 2009 with 98 closings. I believe that year end accounting for many of the corporate sellers […]
