Our economy is showing signs of a recovery?
Not in Stevenson Ranch. Not in the Santa Clarita Valley.
Home values are still falling, which means the price per sq. ft. of active listings has been steadily falling for two years now. Once the Consumer Confidence Report was released this morning, the Associated Press quickly wrote, “A surprise drop in consumer confidence”.
What were they expecting?
Sure there might be a mini rally in the stock market, or a “feel good” result in some segment of the economy, but the facts remain. Until homeowners begin to see their homes’ values start to increase over time, we will not get any sustainable recovery in our economy.
Housing values are near and dear to all of us. If our largest investments are losing value, do we feel good about it?
Do we spend more money on frivolous junk?
Of course not!
Bottom line is that the real estate market is…what the real estate market is. Obviously these are the times to purchase real estate with cash and also with loans if you can qualify.
This can also be the time to sell real estate if you have equity in your property and you want to buy other property at much better values.
And all around the Santa Clarita Valley is value.
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