Friday, May 24, 2019

Some Great Exterior Projects To Ramp Up Your Curb Appeal....Whether You're Selling Your Home or Not!

I saw this article on Houzz today, even though it landed in my email a few days back. New escrows take precedence over fun reading!

One of the things we talk about is the curb appeal of your home. It truly is the very first thing people see. Most will plant a few flowers, clean up the driveway, maybe pressure wash the exterior.

But, take a gander at the Houzz article here:



The walk way up to your home needs to invite you inside ....for sure!


New garage doors can make a huge impact.
 A bigger negative impact are ugly old doors.


This may be a bit selfish as a Realtor, 
but bold address signs are very cool when trying to find a home to show my clients!

There are seven more ideas in the article. Keep in mind if you live in a community with an HOA, check with them first.

Enjoy the ideas.....which one do you like best for your home? Oh, and of course, if you want my humble (not really, I'm not meek) opinion...just holler!

Tuesday, May 21, 2019

Home Sales Activity in Santa Clarita May 21, 2019

I hope that the information I share keeps you current and knowledgeable on Real Estate!

Today is about home sales in our lovely little town. Acton to the East, Stevenson Ranch to the West, Castaic to the North, and Newhall to the South. Plus, of course, all our sweet little hoods in between!

Currently we actually have 720 homes for sale! WOWZA!


Under contract/In Escrow you wonder? 500. 
Yep, waiting for 500 homes to close escrow.

Sold in the last 30 days? A lovely healthy number of 374.

So, that means, we still are low, as we only have about a 2 month supply. I can see some homes staying on the market a tad longer. If you are a Seller, it now really requires appropriate pricing. If you are a Buyer, it still may be a multiple offer situation on the best of the best.

If you have any questions about anything related to your Home or Real Estate.....anywhere in the USA, contact me first. No matter what, contact me first. I'd hate for you to make a slight error because you didn't learn something correctly from me.

Friday, May 17, 2019

Title Insurance & A Preliminary Title Report ~ What Are They?

In short terms I tell clients the title insurance makes it so 'Johnny Joe' can't claim he owns your property 3 years after escrow closes. That's the brief description.

But, it actually can be so much more than that. Read on the learn something today:

Whenever my seller(s) sign a listing agreement, one of the first things I do, is order a preliminary title report.

The prelim is an intense search on the property in question and the sellers of same property.

When it arrives I read it, yes, I truly read it. I'm looking for liens, weird judgements, odd 'exceptions' on the report.

Why you ask? Because nothing can hurt a sale more than finding something 'off' on the prelim that needs time to resolve.

Say you find a lien against the seller they thought was charged off back in the day? Well, we can't close escrow with a clear title unless that lien is paid. Because, if that lien isn't paid, buyers don't have a clear title. And, without a clear title, there is no title insurance without that lien still be attached to the property.

There is what is considered a 'cloud' on the title. 
And, trust me, you don't want that stuff raining on your parade!


What we frequently find are old CC & R's that run with the land. Mineral rights, stuff like that. Of course, we find the sellers mortgage.

I've got one now that has a couple issues that seller thought was cleared years & years ago! I've found old mortgages that are just errors. I found a child support judgement. An HOA lien against a seller years ago as well. Tax liens, mechanics liens. You think it, I've seen it.

And, to get clear title insurance & close escrow, we frequently need to clear exceptions noted on the prelim.

Curious about any old stuff you think just may be attached to your home? Just ask, I'll help you find out.




Tuesday, May 14, 2019

Stop Scrolling & Start Buying.....I'm Here to Help

New Research Shows Housing Is Affordable For First-Time Buyers

New Research Shows Housing Is Affordable For First-Time Buyers | MyKCM

Home prices have been on the rise for the last seven years, leading many housing market analysts to conclude that first-time homebuyers are being shut out of the market due to affordability concerns.
The National Association of Realtors (NAR) reports on the percentage of First-Time Home Buyers (FTHB) on a monthly and yearly basis. Their latest reportshows that FTHB’s made up 33% of buyers in March, which matches their reported share in 2018.
NAR uses survey data from their members to come up with this statistic, so their results do not include every transaction completed. Rather, they only the transactions reported by members who complete the survey.
The other entity that reports on FTHB share is the American Enterprise Institute (AEI). The AEI uses data from mortgage applications that define an FTHB as “any borrower who did not have a mortgage for the preceding three years.”
This means the AEI measurement also includes former homeowners who transitioned out of a home they previously owned and re-entered the market after at least 3 years. The latest FTHB share data from AEI shows that first-time buyers made up 57.5% of all mortgages in August 2018. NAR’s data shows a 31% share for the same time period.
New research from the New York Federal Reserve shows that these traditional reports on FTHB share have been unable to give an accurate depiction of this group’s involvement in the market.
The NY Fed was able to take consumer credit data and identify when a mortgage payment entered a consumer’s credit report to determine when a first-time home purchase was made. Using this data, they were able to show that AEI’s reported FTHB share was consistently 10% higher. The NAR reports were right on par with their findings until 2010, when NAR’s share dropped to the 11% gap seen today.

So, what does this all mean?

First-time home buyers have not disappeared from the market as many analysts had believed. Buying a home is very much a part of the American Dream for younger generations, just like it had been for their parents and grandparents.
This also means that rising prices have not scared buyers away from the market. Many first-time buyers are making sacrifices to save their down payment and make their dream a reality.

Bottom Line

If you are one of the many renters who is scrolling through listings on your phone every night dreaming of buying your own home, there are opportunities in every market to make that dream a reality!

Friday, May 3, 2019

For My Peeps & American Cancer Society; Relay For Life SCV

I made a goal for 2019. I've shared the possibility with everyone I know. There are two special non-profit organizations that I want to help even more this year than the last few. You may tell me your own though, not just these two are 'eligible' for my donation gift.

One gal is so special to my heart. Well, actually her whole family is. She and her husband have one child...a blessing. Now, another is on the way. Truly never knew for sure if children would be in their future.

She is a cancer survivor. The most animated, positive, loving person I think I've honestly ever met. Notice animated was the first adjective! She is an absolute delight. She is definitely one helluva survivor.

I helped her buy two homes in the past. I just helped her sell one to a dear friend. And, we opened escrow on the other home with an all cash buyer this week.



Needless to say, we're heading out tomorrow to start house hunting for a replacement home for their growing family.

Purpose of this post though? Today, I donated $243.00 to the American Cancer Society, SCV Relay For Life. Why? Because that's a commitment I made & she was the first to be part of that commitment.



If you are thinking about Selling or Buying a home with me, just ask about this program, why I do it, and let me know what's important to you.

Tuesday, April 30, 2019

For Sale By Owner ~ FSBO, Really?

I don't honestly know anyone that has tried to do a FSBO....but, if you're thinking about it....take a gander at my notes below...then call me to chat!

"Selling Your House: Here’s Why You Need Me In Your Corner!"

Selling Your House: Here’s Why You Need A Pro In Your Corner! | MyKCM

With home prices on the rise and buyer demand still strong, some sellers may be tempted to try to sell their homes on their own rather than using the services of a real estate professional.
Real estate agents are trained and experienced in negotiation while, in most cases, the seller is not. Sellers must realize that their ability to negotiate will determine whether or not they get the best deal for themselves and their families.

Here is a list of just some of the people with whom the seller must be prepared to negotiate if they decide to For Sale by Owner (FSBO):

  • The buyer, who wants the best deal possible
  • The buyer’s agent, who solely represents the best interests of the buyer
  • The buyer’s attorney (in some parts of the country)
  • The home inspection companies, which work for the buyer and will almost always find some problems with the house
  • The termite company, if there are challenges
  • The buyer’s lender, if the structure of the mortgage requires the sellers’ participation
  • The appraiser, if there is a question of value
  • The title company, if there are challenges with certificates of occupancy (CO) or other permits
  • The town or municipality, if you need to get the CO permits mentioned above
  • The buyer’s buyer, in case there are challenges with the house your buyer is selling

Bottom Line

The percentage of sellers who have hired real estate agents to sell their homes has increased steadily over the last 20 years. Let’s get together to discuss all that we can do to make the process of selling your house easier for you.

Friday, April 26, 2019

My Newest Listing Needs A Wee Bit of TLC!

With Inventory Low: Will Your Dream Home Need Some TLC?

With Inventory Low: Will Your Dream Home Need Some TLC? | MyKCM

It's kinda funny, all the TV shows that make buyers want a perfect home when they first buy it? But, when I'm working with Buyers, we don't always see 'TV' homes in real life and many are willing to buy what they want, where they want it, for what they can afford...knowing that they will need to make some improvements along the way.

Read on......

According to a new survey from Move.com, the wave of first-time homebuyers hitting the market this summer has resulted in an interesting statistic. Nearly 60% of buyers searching for a home this spring are willing to consider buying a fixer-upper, with 95% believing that the projects needed will increase their new home’s value!
Realtor.com’s Chief Economist, Danielle Hale, pointed to low-inventory at the entry-level price range for the increase in willingness to renovate.
"The combination of rising home prices and limited entry-level homes for sale is prompting many home shoppers to consider homes that need renovating.
Replete with inspiration at their fingertips - like Pinterest, Instagram, and various home renovation TV shows - some home shoppers are comfortable tackling home renovation jobs to find a home that balances their needs with their budget."
Just over half of all respondents who said they would be willing to buy a home in need of some TLC, would also spend more than $20,000 to make the home fit their needs.
The most common ‘expected’ renovation is a kitchen remodel which can run anywhere from $22,000 for a minor remodel to $66,000 for a major remodel.
This isn’t a new trend by any means. According to the Joint Center for Housing Studies at Harvard University, home improvement project spending reached a new high in 2018.
“Americans spent $336.9 billion on remodeling projects, up 7.4% from the $313.6 billion a year earlier.”
Home renovation television shows have given many buyers hope that they could renovate a home they can afford into their dream home!

Bottom Line

If you are one of the many Americans considering buying a home this spring, let’s get together to help you find a house with the potential to be your dream home!

Tuesday, April 23, 2019

I Say It All The Time ~ Whenever It's Right For You

3 Questions You Need To Ask Before Buying A Home



If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family have your best interests at heart, they may not be fully aware of your needs and what is currently happening in the real estate market. Pesky family members!
Ask yourself the following three questions to help determine if now is a good time for you to buy in today’s market. Truly, only YOU can decide.

1. Why am I buying a home in the first place?

This is absolutely the most important question to answer. Forget the finances for a minute, just for a minute. Why did you even begin to consider purchasing a home? For most, the reason has nothing to do with money. Right? It has to do with not renting anymore...wait, that is money!
For example, a study by realtor.com found that “73% said buying in a good school district was “important” in their search.
This report supports a study by the Joint Center for Housing Studies at Harvard University which revealed that the top four reasons Americans buy a home have nothing to do with money. The actual reasons are:
  • A good place to raise children and provide them with a good education
  • A place where you and your family feel safe
  • More space for you and your family
  • Control of that space (& not paying the landlord any more dang moolah)
What does owning a home mean to you? What non-financial benefits will you and your family gain from owning a home? The answer to that question should be the biggest reason you decide to purchase or not.....it really should.

2. Where are home values headed?

According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), the median price of homes sold in February (the latest data available) was $249,500. This is up 3.6% from last year. The increase also marks the 84th consecutive month with year-over-year gains.
Looking at home prices year over year, CoreLogic is forecasting an increase of 4.6%. In other words, a home that costs you $250,000 today will cost you an additional $11,500 if you wait until next year to buy it.

What does that mean to you?

Simply put, with prices increasing, it may cost you more if you wait until next year to buy. Your down payment will also need to be higher in order to account for the higher price of the home you wish to buy. Quite honestly, saving another 20k doesn't really do a whole lot for you...particularly since you've wasted all the tax benefits you could have had....just sayin'.

3. Where are mortgage interest rates headed?

A buyer must be concerned about more than just prices. The ‘long-term cost’ of a home can be dramatically impacted by even a small increase in mortgage rates.
Freddie MacFannie Maethe Mortgage Bankers Association and NAR have all projected that mortgage interest rates will increase over the next twelve months, as you can see in the chart below:
3 Questions You Need To Ask Before Buying A Home | MyKCM

Bottom Line

Only you and your family will know for certain if now is the right time to purchase a home. Answering these questions will help you make that decision. I'm happy to bounce some questions & answers around with you. Just ask.

Friday, April 19, 2019

Home Sales In Santa Clarita Are Doing Well!

Six Hundred & Eighty Two.

I'm presuming you guys realize that's the number of homes for sale in our sweet valley. Acton, Agua Dulce, Canyon Country, Saugus, Valencia, Newhall, Stevenson Ranch, Castaic, & Val Verde.

(Who knows what this thing in the 682 picture really is???)

At any rate, 682 is a decent number. We have 515 in escrow. And, in the last 30 days, we have closed 322 sales. That's the norm, so I'm pretty happy.

The end of last year slowed down and the beginning of 2019 was kinda quiet as well. However, true to normalcy....the coming of Spring has heated up the market a bit.

If you are thinking about selling, I'd suggest getting on the market sooner than later. If you are thinking about buying, there are more and more options.

Hope you all have a wonderful holiday weekend, whichever way you celebrate!

Tuesday, April 16, 2019

Are Millennials Just Like Their Parents?

This blog post is from a subscription service. BUT, I was talking with a friend over the weekend about our kids and why they like to live in 'the city'? She said...'do yours have kids yet?' And, we laughed at that as no, the sure didn't. Heck, before we had them as kids where we lived was what created the most fun for US. And, then,.....we had them.....and we moved to the affordable suburbs for schools and safety and, boring or not, it's where we raised them! On to the paid subscription article about Millennials becoming homeowners:

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Home Buyer Demand Will Be Strong for Years to Come

Home Buyer Demand Will Be Strong for Years to Come | MyKCM

There has been a lot written about millennials and their preference to live in city centers above their favorite pizza place. Some have even gone so far as to say that millennials are a “Renter-Generation”.
And while this might be true for some millennials, more and more research has surfaced that shows for the vast majority, owning a home is a major part of their American Dream!
New research shows that 66% of millennials who currently rent are determined to buy a home! Seventy-three percent of those surveyed by Pulsenomics plan to buy a home in the next five years, with 40% planning to do so within the next two years!
Home Buyer Demand Will Be Strong for Years to Come | MyKCM
"Millennials want to own a home as much as prior generations," Ali Wolf, Director of Economic Research at Meyers Research says. "We saw millennial shoppers scooping up homes in 2018—and 2019 will be no different."

Bottom Line

Are you one of the millions of renters who are ready and willing to buy a home? Let’s get together to determine your ability to buy now!

Monday, April 8, 2019

Is It Time To Admit You're Getting Older?

What to Consider When Choosing Your Home To Retire In

What to Consider When Choosing Your Home To Retire In |MyKCM

As more and more baby boomers enter retirement age, the question of whether they should sell their homes and move has become a hot topic. In today’s housing market climate, with low available inventory in the starter and trade-up home categories, it makes sense to evaluate your home’s ability to adapt to your needs in retirement.
According to the National Association of Exclusive Buyers Agents (NAEBA), there are 7 factors that you should consider when choosing your retirement home.

1. Affordability

“It may be easy enough to purchase your home today but think long-term about your monthly costs. Account for property taxes, insurance, HOA fees, utilities – all the things that will be due whether or not you have a mortgage on the property.”
Would moving to a complex with homeowner association fees actually be cheaper than having to hire all the contractors you would need to maintain your home, lawn, etc.? Would your taxes go down significantly if you relocated? What is your monthly income going to be like in retirement?

2. Equity

“If you have equity in your current home, you may be able to apply it to the purchase of your next home. Maintaining a healthy amount of home equity gives you a source of emergency funds to tap, via a home equity loan or reverse mortgage.”
The equity you have in your current home may be enough to purchase your retirement home with little to no mortgage. Homeowners in the US gained an average of over $9,700 in equity last year.

3. Maintenance

“As we age, our tolerance for cleaning gutters, raking leaves and shoveling snow can go right out the window. A condominium with low-maintenance needs can be a literal lifesaver, if your health or physical abilities decline.”
As we mentioned earlier, would a condo with an HOA fee be worth the added peace of mind of not having to do the maintenance work yourself?

4. Security

“Elderly homeowners can be targets for scams or break-ins. Living in a home with security features, such as a manned gate house, resident-only access and a security system can bring peace of mind.”
As scary as that thought may be, any additional security is helpful. An extra set of eyes looking out for you always adds to peace of mind.

5. Pets

“Renting won’t do if the dog can’t come too! The companionship of pets can provide emotional and physical benefits.”
Consider all of your options when it comes to bringing your ‘furever’ friend with you to a new home. Will there be necessary additional deposits if you are renting or in a condo? Is the backyard fenced in? How far are you from your favorite veterinarian?

6. Mobility

“No one wants to picture themselves in a wheelchair or a walker, but the home layout must be able to accommodate limited mobility.”
Sixty is the new 40, right? People are living longer and are more active in retirement, but that doesn’t mean that down the road you won’t need your home to be more accessible. Installing handrails and making sure your hallways and doorways are wide enough may be a good reason to look for a home that was built to accommodate these needs.

7. Convenience

“Is the new home close to the golf course, or to shopping and dining? Do you have amenities within easy walking distance? This can add to home value!”
How close are you to your children and grandchildren? Would relocating to a new area make visits with family easier or more frequent? Beyond being close to your favorite stores and restaurants, there are a lot of factors to consider.

Bottom Line

When it comes to your forever home, evaluating your current house for its ability to adapt with you as you age can be the first step to guaranteeing your comfort in retirement. If after considering all these factors you find yourself curious about your options, let’s get together to evaluate your ability to sell your house in today’s market and get you into your dream retirement home!

Sunday, April 7, 2019

Is This Really Today's Real Estate Market? I Think So!

3 Graphs that Show What You Need to Know About Today’s Real Estate Market

3 Graphs that Show What You Need to Know About Today's Real Estate Market | MyKCM

The Housing Market has been a hot-topic in the news lately. Depending on which media outlet you watch, it can start to be a bit confusing to understand what’s really going on with interest rates and home prices!
The best way to show what’s really going on in today’s real estate market is to go straight to the data! We put together the following three graphs along with a quote from Chief Economists that have their finger on the pulse of what each graph illustrates.

Interest Rates:

“The real estate market is thawing in response to the sustained decline in mortgage rates and rebound in consumer confidence – two of the most important drivers of home sales. Rising sales demand coupled with more inventory than previous spring seasons suggests that the housing market is in the early stages of regaining momentum.” - Sam Khater, Chief Economist at Freddie Mac

3 Graphs that Show What You Need to Know About Today's Real Estate Market | Keeping Current Matters

Income:

"A powerful combination of lower mortgage rates, more inventory, rising income and higher consumer confidence is driving the sales rebound." - Lawrence Yun, Chief Economist at NAR

3 Graphs that Show What You Need to Know About Today's Real Estate Market | Keeping Current Matters

Home Prices:

“Price growth has been too strong for several years, fueled in part by abnormally low interest rates. A mild deceleration in home sales and Home PriceIndex growth is actually healthy, because it will calm excessive price growth — which has pushed many markets, particularly in the West, into overvalued territory.” – Ralph DeFranco, Global Chief Economist at Arch Capital Services Inc.

3 Graphs that Show What You Need to Know About Today's Real Estate Market | Keeping Current Matters

Bottom Line

These three graphs indicate good news for the spring housing market! Interest rates are low, income is rising, and home prices have experienced mild deceleration over the last 9 months. If you are considering buying a home or selling your house, let’s get together to chat about our market!

Tuesday, April 2, 2019

Do These 5 Reasons Make Sense To You??

5 Reasons To Sell Your House This Spring!

5 Reasons To Sell Your House This Spring! | MyKCM

Here are five compelling reasons listing your home for sale this spring makes sense.

1. Demand Is Strong

The latest Buyer Traffic Index from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority of the country. These buyers are ready, willing, and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other for the same home.
Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Housing inventory is still under the 6-month supply needed for a normal housing market. This means that, in most of the country, there are not enough homes for sale to satisfy the number of buyers.
Historically, the average number of years a homeowner stayed in his or her home was six, but that number has hovered between nine and ten years since 2011. Many homeowners have a pent-up desire to move, as they were unable to sell over the last few years due to a negative equity situation. As home values continue to appreciate, more and more homeowners are granted the freedom to move.
Many homeowners were reluctant to list their home over the last couple of years for fear that they would not find a home to move in to. That is all changing now as more homes come to market at the higher end. The choices buyers have will continue to increase. Don’t wait until additional inventory comes to market before you to decide to sell.

3. The Process Will Be Quicker

Today’s competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. Buyers know exactly what they can afford before home shopping. This makes the entire selling process much faster and simpler. According to Ellie Mae’s latest Origination Insights Report, the time to close a loan has dropped to 47 days.

4. There Will Never Be a Better Time to Move Up

If your next move will be into a premium or luxury home, now is the time to move up! The inventory of homes for sale at these higher price ranges has created a buyer’s market. This means that if you are planning on selling a starter or trade-up home, it will sell quickly, AND you’ll be able to find a premium home to call your own!
According to CoreLogic, prices are projected to appreciate by 4.6% over the next year. If you are moving to a higher-priced home, it will wind up costing you more in raw dollars (both in down payment and mortgage payment) if you wait.

5. It’s Time to Move on With Your Life

Look at the reason you decided to sell in the first place and determine whether it is worth waiting. Is money more important than being with family? Is money more important than your health? Is money more important than having the freedom to go on with your life the way you think you should?
Only you know the answers to these questions. You have the power to take control of the situation by putting your home on the market. Perhaps the time has come for you and your family to move on and start living the life you desire.

That is what is truly important.

Thursday, March 28, 2019

See? Your Home Is An Investment AND A Roof Over Your Head Too!

How to Put Your Housing Cost to Work for You

How to Put Your Housing Cost to Work for You | MyKCM

There has been a lot written about the benefits of homeownership. One benefit that continues to rise to the top is the added wealth homeowners gain simply by paying their mortgage while their home increases in value over time.
The National Association of Realtors (NAR) recently broke down the equity gained from price appreciation and principal payments in their Economists Outlook Blog. Homeowners who purchased their homes five years ago have already gained almost $80,000 in equity over that time with 80% of the gains coming from price appreciation.
For a homeowner who purchased their home 30 years ago, they have gained nearly $250,000 in equity with 70% coming from price increases. The full results can be seen in the chart below.
How to Put Your Housing Cost to Work for You | MyKCM
According to the Home Price Expectation Survey, a family who purchased a median priced home this January can expect to gain more than $42,000 over the next five years simply from price appreciation alone.

Bottom Line

Your home is one of the only investments you can live inside as you pay it off over time. If you are ready to use your housing costs to build wealth, let’s get together to discuss how to make your dream a reality.

Tuesday, March 19, 2019

What Credit Score Do You Need To Buy A Home?

What Credit Score Do You Need To Buy A House?

What Credit Score Do You Need To Buy A House? | MyKCM

There are many misconceptions about the credit score needed to buy a house. Recently, it was reported that 24% of renters believe they need a 780-800 credit score to be considered for a mortgage. The reality is they are misinformed!
Only 25% of the Americans have a FICO® Score between 740 and 800. Here is the breakdown according to Experian:
  • 16% Very Poor (300-579)
  • 18% Fair (580-669)
  • 21% Good (670-739)
  • 25% Very Good (740-799)
  • 20% Exceptional (800-850)
Randy Hopper, Senior Vice President of Mortgage Lending for Navy Federal Credit Union said,
Just because you have a low credit score doesn’t mean you can’t purchase a home. There are a lot of options out there for consumers with low FICO® scores,”
There are many programs available with low or no credit score requirement. The Federal Housing Administration (FHA) now requires a minimum FICO® score of 580 if you want to qualify for the low down payment advantage. The US Department of Agriculture (USDA) does not set a minimum credit score requirement, but most lenders require a score of at least 640Veterans Affairs (VA) loans have no credit score requirement.

As you can see, none of them are above 700!

It is true that the average FICO® score for all closed loans in January was 726, but there are plenty of people taking advantage of the low credit score requirements. Here is the average FICO® Score of closed FHA Loans since April 2012 according to Ellie Mae:What Credit Score Do You Need To Buy A House? | MyKCMAs you can see, that number has been dropping for the last seven years. As a matter of fact, the average FHA Purchase FICO® Score reported in January 2019 was 675!
One of the challenges is that Americans are unsure about their credit score. They just assume that it is too low to qualify and do not double check. Credit.com confirmed that only 57% of individuals sought out their credit score at least once last year.
FICO® reported,
Since October 2009, the average year-over-year FICO® Score has steadily and consistently increased, from a low of 686 in 2009 to the latest high of 704 as of 2018.”
Here is the increase in the average US FICO® Score over the same period of time as the graph earlier.
What Credit Score Do You Need To Buy A House? | MyKCM

Bottom Line

At least 84% of Americans have a score that will allow them to buy a house. If you are unsure what your score is or would like to improve your score in order to become a homeowner, let’s get together to help you set a path to reach your dream!

Friday, March 15, 2019

Home Sales Activity March 15, 2019

Go ahead, guess? What's our active inventory in our lovely Santa Clarita Valley and surrounding neighborhoods? Can ya guess? Don't fret...I'm obviously going to tell you!!!


Well, needless to say...we are obviously not in Honolulu, but I thought it was a pretty cool pic with the active number of listings in my specialty area!

So, yes, 673....active homes for sale. 454 under contract, buyer and seller have agreed to purchase price at least. 260 sold, aka closed escrow, in the last 30 days.

Just keeping you current on the happenings with homes. I include Acton, Agua Dulce, Canyon Country, Saugus, Valencia, Stevenson Ranch, Newhall, Castaic, and Val Verde.

Got a Val Verde, Newhall, and Saugus listing coming soon so I'll be adding to those numbers!