The real estate listings are currently moving, if priced right, quickly due to the large amount of real estate buyers that don’t want to miss out on the interest rates.
You will also notice, if you are watching the local real estate markets, that we are still continuing to lack real estate inventory at a level to switch this marked back into a buyers market.
Sellers are still controlling about 80% of the real estate housing market presently.
We posted all of the PDF’s related to this week’s housing market report for the Santa Clarita Valley cities, at the preceding link. You can also head over to the Top Real Estate Website, Paris911.com, and type in Market Updates into the MacboX at the top of the screen if you ever want to view our latest market update reports for the local housing market.
However, not that we want it – we are neutral on the issue – but eventually our local real estate market will experience a shift from a sellers market into a buyers market at sometime in the future.
It always does and this time will be no different. However to do that, we will have to have an overabundance of real estate inventory and buyer pull back due to some “change” in, what I deduce, will be the “financial” lending arm of the real estate procurement process.
Be safe – search well and make sure you are using the BEST of the BEST that real estate has to offer you.
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