With regard to the news about Santa Clarita real estate you may be reading, not everything is as it seems. Today, the inventory has become so depleted – the Buyers of the World are in a hard spot.
We have many buyers that are seemingly banging their heads against the proverbial “real estate wall”. However, to lessen the pain associated with the poor inventory, we don’t leave the searching up to our clients alone. We do advise them to do their own Santa Clarita real estate searches, but we are not about a 100% set it and forget philosophy. Meaning, we don’t set our clients up on a home search due to their being so many inconsistencies with the Santa Clarita real estate inventory.
Giving pause to real estate one can take a look at the positive headlines, creating a much more optimistic feel for the state of home sales and the economy in general. It has been stated over and over in recent years that economic recovery is tightly connected with real estate recovery. The economy has been recovering slowly, and often real estate recovery has seemed even slower.
It is important to remember, however, that not too long ago headlines were 99.9% bleak, offering little hope, and when there was hope it seemed months, if not years, in the future. Today’s headlines on the other hand are far more optimistic, showing signs of life in retail, residential, new construction, and real estate investment.
Recent Wall Street Journal headlines related to real estate include: “Drop in Store Vacancies Signals Possible Mall Rebound”, “Owning Regains Appeal”, and “Foreclosure Starts ‘Fall’ in February”. Likewise, recent headlines at Realty Times include: “Real Estate Outlook: Vacation Sales Surge”, and “Banks Upbeat About Mortgage Performance, Looser Credit Looms”.
While certainly real estate recovery is not in full bloom everywhere but it certainly is looking up. The general sentiment appears to be that owning real estate is a good investment and that now is a great time to be a buyer.
If you know anyone, or you yourself need to short sale. You need great advice. Someone that understands and have proven themselves in the trenches as they relate to short sales. Make sure you check out our Short Sale in Santa Clarita website.