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    Could a decline in rental prices mean that the real estate market is going to relax?

    Curious about Rentals – Paris911.com/rent

    Just when you thought it was safe to jump into buying a home, now I spring this on you.

    However, this is not concrete data – meaning, this is what has been observed within the Cities that compose the Santa Clarita Valley – Castaic, Canyon Country, Newhall, Stevenson Ranch and Valencia – It has not been HUGE and It also has not been tons of real estate rental listings. SantaClaritarealestaterentals.com

    Calling Santa Clarita real estate agents

    Over the past couple of weeks, I have been watching the rentals that are currently “for rent” in the SCV. I have also seen 17 rental listings that have had their prices reduced – 9 of those were purchased by investors.

    So, one of two things happened. Either an over zealous real estate agent gave the investors bad numbers as far as how much rentals are going for – or – the real estate rental market is becoming saturated.

    If the rental market is becoming saturated, will that drive prices down? No – but it will slow down the amount they are increasing in price on the “residential re-sale market”.

    Food for Thought. In addition, we have talked ad nauseum about our New Home Tours: Paris911.com/NewHomeTours Let us know when you are ready to head out with our team for the first time to visit all of the new home builders that are within your price ranges. You will find out how much farther, in some cases, your hard earned money will take you when working with the Paris911 New Housing Team at REMAX.

    BTW – when you are ready – have a look at our REMAX International YouTube Video's on our REMAX Branded Website for REMAX of Valencia CA – It's fun and I think you will enjoy these professionally made video's showing the strength in REMAX's Brand: REMAX-Valencia-CA-Paris911.com

     

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