Headlines, just in LA Times are all about the rebounding of the housing market ~
'Major dip in foreclosure sales drives Southland home price gains'
'Median home price in Southland climbs as supply is squeezed'
'Wells Fargo profit rises 22%'
'JP Morgan's profit surges 34% on mortgage growth'
'Foreclosure filings drop to five-year low in September'
Well, you can't help but get a little smiley about those headlines if you are in my business. But the other side of that is the inventory report for you today. Not so smiley in Santa Clarita Valley ~
ACTIVE Listings ~ 364 Total / REO's are 19 of that and Short-Sales number 92.
UNDER CONTRACT Listings ~ 1107 / REO's account for 74 and the big winner is SS to the tune of 789.
SOLD in the last 30 days ~ 377 total units / REO's were 46 and SS were 149.
And, that's my news for the day!