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 January 2012 Home Sales Report
After increased sales in December should we expect a carry over into the new year? Probably not. January closings for Simi Valley Single Family Detached (SFD) homes back off as I suspected. This retraction does not indicate another drop in prices, but is more of the same of what we have seen over the last […]
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. […]
Simi Valley Housing Market Update YTD September 30, 2009
Simi Valley Housing Market Update YTD September 30, 2009 Simi Valley Home Sales are following the typical pattern we’ve seen over the last several months. Home sales are still below prior year levels and the impact of the first-time home buyer tax credit, historically low inventory, historically low interest rates continue to drive the entry-level […]
Simi Valley Moorpark Real Estate YTD Sales Report through February 2009
Simi Valley Moorpark Real Estate YTD Sales Report through February 2009 The Headline for Simi Valley Moorpark Real Estate is…..”NOT MUCH HAS CHANGED”. That is except for inventory continues to shrink. Typically shrinking inventories favor sellers with modest increases in pricing, but the combination of tight lending criteria, our recession/depression, unemployment now over 10% in […]
Simi Valley Housing Sales Volumes 2006-2009 (Easy Charts)
Simi Valley Housing Sales Volumes 2006-2009 (Easy Charts) Each month I prepare my market updates which can be found in the Market Update section of my blog under Catagories. I also track on a spread sheet the volumes so I can compare yearly volumes by month and try to spot any trends. Below are the […]
Phantom Inventories can be Deceiving (Simi Valley housing report)
Phantom Inventories can be Deceiving (Simi Valley housing report) We are constantly hearing all the time that Simi Valley housing inventories are shrinking and that sales are picking up. I have talked about it in my market updates. Let me put this in context. What most are not aware of is the Phantom Inventory that […]
