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real estate

    City Council Candidate Forum To Be Held By Southland Regional Association

    Nine candidates for the 2014 City Council elections will be participating in a forum organized by the Southland Regional Association of Realtors and open to the public, from 8:30 to 10 a.m. on Wednesday.

    Real Estate & Market Report: November 15, 2013

    By Fred Arnold

    In the absence of any major economic data this week the stock market has been hitting new record highs and the DOW has 16,000 in its sight. The market got a big boost on Thursday with the announcement from Janet Yellen that the Fed needs to be cautious in pulling back stimulus. 

    Real Estate & Market Report: November 1, 2013

    By: Fred Arnold

    What was supposed to be a week of major market moving news never really materialized.  The news reports came but the market did not seem to care much about anything that was reported.

    It seems that the majority of the reports came in with little surprise so investors made the best trades they could on the news.  Not to say that the market didn't move, however a jump or decline of 100 points these days is considered par for the course rather than a front page headline.

    Real Estate & Market Report: October 18, 2013

    The government shutdown is over 2013. "Woo Hoo."  The latest figures are that $600 Million was lost in production and performance for the entire time the government was closed.

    With the government functioning again, the economic reports are starting flow out to the public domain however, they are slow in coming.  Some of the reports that have come out are listed below:

    Real Estate & Market Report: October 11, 2013

    By: Fred Arnold

    The partial government shutdown is starting to impact housing, however it is not for the reason that most people think.  Many people believe that with government workers on hiatus and the threat of the U.S. defaulting on their debt payments that people will delay their decision to purchase or sell their home. 

    Although there may be some truth to this, at the present time this is not where the greatest concerns relating to the future health of housing exists.

    The first place the shutdown is having an impact is with FHA loans.  These types of loans require the government to issue insurance to the lenders that are closing these loans.  With the government shutdown happening, currently the Federal Housing Administration is working with a skeleton crew attempting to remain caught up on all the requests for insurance. 

    Real Estate & Market Report: October 4, 2013

    I was truly honored to be one of the honorees at the SCV Boy Scouts of America Leaders of Character event on September 28thBoy Scouts of America, SCV 8th annual Leaders of Character, Fred Arnold.

    Real Estate & Market Report: September 27, 2013

    Home prices continue to gain as the FHFA House Price Index for July rose a more than expected 1.0 percent after increasing 0.6 percent in June. Analysts expected only a .7 percent increase. If you wanted to chart the progression of the Home Price Index you would see that for 18 straight months the index has been rising. 

    Santa Clarita Valley Home Prices Back To Pre-Recession Levels

    Single-family home prices reached levels not seen since August 2008, and condominium prices dropped to $295,000 from the 5-year high of $300,000 that was seen in July. The number of condo sales is up and home sales are down, but Realtors are optimistic.

    Real Estate & Market Report: September 20, 2013

    The Federal Open Market Committee dropped an unexpected gift on the stock market and mortgage markets when they announced on Wednesday that they will not be cutting back on the government stimulus program at the present time. 

    Real Estate & Market Report: September 13, 2013

    by: Fred Arnold

    Voyager 1 has indeed left our solar system and Home values increase.

    After 36 years of space travel and months of heated debate among scientists, NASA confirmed Thursday that Voyager 1 has indeed left our solar system and had entered interstellar space more than a year ago. It has good company, as I think that 30-yr fixed 3.25% home loans are right there with it.