RealtyTrac recently reported that 1st quarter 2012 shows the lowest foreclosure filing activity since 2007. This news sent waves of cheerleaders spreading the news of improving real estate market conditions. Recently and more locally, Simi Valley and many parts of Southern California are seeing reduced inventory. This reduced inventory is giving the appearance that market […]
June 2010 Home Sales Report for Simi Valley Detached Homes
Looking at the numbers for June 2010, Simi Valley home sales look promising. Once you look past the surface of the reported numbers, some concerns become apparent. The federal tax credit set up to entice first-time home buyers with $8000 and move up buyers with $6500, was conditioned that those buyers needed to have a […]
Mackel Family Legacy for Southern California Real Estate
My uncle Larry has been the unofficial Mackel family historian. When my grandfather died in 1992, Larry was very good at bringing out many artifacts from my grandfather’s youth. One of the more interesting items was his savings account passbook from Security Pacific National Bank and it was fun in looking at the kind of […]
Are you a contrarian? Market Bottom Forecasted!
I love this market. I love Real Estate!. My great grandfather moved to Los Angeles in 1882 from Ireland. His first job was to drag a log down the streets behind a horse to keep the streets flat. He later was part of the fire department and the police department and his job was cut short […]
