Today is the day the FED is expected to raise interest rates

    Did you know that it’s the second day for the FED pre-Christmas meeting and they may have one more thing for your home buying stocking?  Not like coal, this Christmas stocking stuffer is not a good thing unless you happen to be Grinch.

    If you are a home buyer that is approved for a home loan of $500,000.00 at the current interest rate, if they go up .5% of 1/2 a point, you will lose $50k in buying power. You are now, rough numbers and in approximations, approved at $450,000.00.

    What is that going to do to home prices? Maybe nothing is we stick with the current real estate inventory in the Santa Clarita Valley that I have been reporting on each and every Monday. We are still very low and our absorption rate for real estate is about 1/2 a healthy market.

    Absorption rate – this is the time it would take to sell all real estate inventory at the current pace. That is if no other homes or estates were added to the current housing and real estate market. With the holiday slow down, Santa Clarita real estate is at about 3 months of inventory if no new listings were added, at our current pace.

    When the absorption rate gets double that figure, at 6 months, we are in a more balanced market.

    Currently, we are still in a seller’s market. Although there is limited inventory on the market for sale, we still have buyers that are busying working with me and my team who want to buy during the holidays.

    If we were to find you a home today, December 19, 2018, and we wrote the offer for you and had that offer accepted and confirmed by December 21st, you would probably close somewhere close to the end of January 2019. That closing date depends on your loan and also depends on your lender’s ability to close those loans. The end of January 2019 would be your move-in date.

    If you are a veteran and using a Veterans loan, you may be a bit later than that. If you are conventional 20% down the home buyer, you may be shorter than that.

    When you are ready, I will be here for you. Make sure you check out the top Santa Clarita real estate website, which if you are reading this, you have already found.

    I have a real estate radio show that I produce each Monday with some other “focused” real estate shows throughout the week. Such as our Foreclosure Wednesdays broadcast. We have our Finale Friday’s Broadcast as well, sold Saturdays and our Open House Sunday’s radio show.

    I’m Connor – check me out by asking Google about me and I’ll be here when you are ready to have your real estate Won and not just done.

    .25% – 1/4 point increase per NPR…

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    Paris and Connor MacIvor

    Connor and Paris MacIvor are in the Top 1% of Realtors Nationwide, starting their real estate business in 1998 with RE/MAX Gateway - Santa Clarita Valley and Valencia CA. Their becoming licensed real estate consultants and representatives came from the horrible experience they had when they bought their first home. There were many things that the agent they had hired did not explain and disclose, which per law he should have. Getting that agent on the phone after they closed escrow and after he had gotten paid was impossible. Paris and Connor called the broker, the board of realtors, the office manager and all they received was the promise of a phone call back. The remedy did come, but not as fast and in the way they wanted. That act - that bad agent was the reason why Paris and Connor became Realtors. That was all they needed to vow to never let the same fate befall anyone else, that befell them. Today Connor and Paris are focused on client service. Protection and top-shelf service with regard to their real estate clientele. They primarily work within the Santa Clarita Valley and Valencia CA. However, for a referral, where 80+ of their business is referrals they have License and Will Travel to other parts of Ventura County, Los Angeles County, and Orange County to handle real estate transactions for those who trust their real estate operation. Writing on their Real Estate Blog is a passion. is where you will find over 10,000 real estate articles. Go to to listen to their latest real estate radio broadcast.

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