The Santa Clarita – Valencia CA, housing and real estate markets are bogged down in a mud pit. We are caught in quicksand and have been for quite some time.
The current slow roll of replenishing real estate inventory can be attributed to several factors. Here is a YouTube video I produced explaining some of what I deem the “main reasons” as to the slow market.
We have seller issues related to if they are going to be able to find their home of choice if they sell the home they currently own. The other, maybe more pertinent, issue has to with the new mortgage coming with a higher price tag and a heftier interest rate.
Buyers are concerned with being able to “afford” the current real estate prices and are also asking the question if the market is “too inflated”.
I’m Connor MacIvor with REMAX and I will be your guide throughout the real estate process here in the Santa Clarita real estate community.