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    Are Interest Rates going to kill the Santa Clarita housing recovery?

    SantaClaritaHousingMarket.com

    Interest Rate Pain…

    The question of the day, Are the Heightened rates going to kill the Santa Clarita Housing Market?

    The Top Santa Clarita real estate team known as Paris911

    Where did I put my Crystal Ball?

    The answer – Probably not 🙂 – I know, you were looking for a more solid and assured answer. With Lotto, gambling, stocks and real estate, no one has a crystal ball.

    Or at least one that is accurate 100% of the time. However, in this case, I believe the roll with regard to rising interest rates is going to slow.

    Loose Lips Sink Ships…

    That is what happens when someone let's the cat out of the bag. Talking about things they “want to do”, but without a verifiable time frame.

    As a reaction – the “knee jerk” rising of interest rates – over 1% since January of this year…

    However, we still have a multitude of Santa Clarita real estate buyers wanting to buy, needing to buy and are accepting less than they wanted when they originally started looking for homes.

    We also have Santa Clarita real estate sellers that in an equity position, for the first time in a long time, just waiting for the time to sell(future inventory).

    We have the new Home Builders in the SCV, NewSantaClaritaHomes.com , they are prepping, but won't be able to build fast enough to impact the market until mid 2014-2015.

    And, while we all have become spoiled at the super, artificially low, interest rates, down to 3.2% for a 20 year fixed – 4.5 is not too shabby and not high enough to stop buyers in their tracks, making renting more desirable.

    Do yourself a Favor…

    Get good advice, work with local realtors, SantaClaritarealestateCompany.com , and make sure they are keeping up with the market and the buying/selling habits that are most prevalent so they can best advise you when you start to dip your toe into the water.

    Gratzi – be safe – talk soon…

     

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