Lord have mercy, that February word is so hard to spell... still! Why that first R was ever put there I'll never know.
At any rate, sorry I missed writing a blog last week. But, just like life goes on, work goes on too, so here ya go!
All about our beautiful Santa Clarita Valley home sales. Including Acton to the East, Newhall to the South, Stevenson Ranch to the West, and Castaic to the North. Plus, our lovely little neighborhoods in between of course.
Quite honestly, not very exciting. Sales are still happening at least! I'd noticed a slight uptick in listings, but not by a huge amount. Disappointing news on the interest rates from Jerome Powell, Fed Chair. Seems no rate cuts will happen for a few more months. They actually went up this week.
"The average rate on a 30-year fixed mortgage rose to 7.11 percent, up from 6.89 percent last week, while the average rate on a 15-year fixed mortgage climbed to 6.49 percent, up from 6.3 percent a week ago." I quickly googled this morning and spotted a rate at 7.6!
Talked with a past client yesterday about his daughter buying her first home. It was so hard for me to have to give him a reality check, as he called it, about the cost of buying a home right now. During the phone call, as promised, I texted him some lender info so that he could pick their brain about different options that may help ease the 'pain' of the current interest rates.
On a lighter note, we had a property fall out of escrow and a back-up buyer popped right back in! Wahoo! AND, we have a new listing that just hit the market that Jennifer is servicing down in Culver City.
Open House this Weekend!
We're here for you. Always. Sometimes it's just to chat, counsel, learn.
Whatever you need, all three of us are willing to help in any way we can.
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