Housing inventory has plummeted to 1.75 to 2.25 months supply for Simi Valley. This super tight market condition has real estate agents excited, home sellers excited and is creating stressed out buyers. While sellers have become more reluctant to put their homes on the market over the last couple months; the same pool of buyers […]
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 […]
Rancho Simi Recreation and Park’s Medallion Hunt is on in Simi Valley
The Rancho Simi Recreation and Parks District has created a hunt for a medallion in their Parks throughout Simi Valley. They have placed the Medallion in one of the parks and when found take it to their offices on Sycamore Drive. Clues as to where to look will be posted on the RSRPD Facebookpage. […]
Simi Valley March 2012 Home Sales Report
Simi Valley single-family detached home sales for the month of March 2012, significantly out paced each March since 2007. The last time more than 100 single-family detached homes sold in the month of March for Simi Valley was in 2006 before the bubble burst. Does this mean the market has recovered and happy days are […]
Simi Valley Home Owners – HAFA Short Sale Requirements Set To Improve
What are HAFA Short Sale Requirements and how will it help Simi Valley Home Owners? HAFA (Home Affordable Foreclosure Alternative) is a government sponsored program working with HAMP (Home Affordable Modification Program) qualified Borrowers/Homeowners to sell their homes when loan modification options fail. If you have been working on a loan modification for your Simi Valley […]
Simi Valley February 2012 Home Sales Report
Sales of single-family detached homes in Simi Valley are getting interesting. February’s numbers are showing support of my discussion that we are near or at a market bottom. Now those that live in hype, the carnival barker types, are probably out on every street corner prematurely celebrating recovery. Taking time and looking at what has […]
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 December 2011 Home Sales Report
This is the second year in a row that Simi Valley Home Sales Spiked in December. Does this indicate a turn around in the Simi Valley housing Market? Not necessarily and here are the reasons why. December 2007 only 42 Single Family detached homes close escrow in one of the lowest volume months for Simi […]
Simi Valley November 2011 Home Sales Report
The year is wrapping up. Simi Valley Home Sales or should I say the number of homes sold for the year are improving. Prices many not have improved, but the increase in volume is always good for housing. The questions for Simi Valley are who is buying and what is selling? The trend continues with […]
Simi Valley Library City Control or County Control Shakes Up The Community
As local governments face the difficulty of budgeting with reduced revenues, County and State agencies are threatening to take money from city coffers; it’s no surprise that local government is scrutinizing all services offered to their communities. I have really stayed away from the issue surrounding the future control of the Simi Valley Library as […]
