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Santa Clarita Valley Home Sales Up 3% During 2009
Sales of existing single-family homes in the Santa Clarita Valley increased for the second consecutive year during 2009 with the 2,258 closed escrows up 2.9 percent from the tally reported in 2008, the Southland Regional Association of Realtors reported on Thursday, Jan. 28. The increase in activity was not as pronounced as the 10.1 percent rise reported in 2008 primarily because tight financing and an extremely limited inventory of properties listed for sale restricted sales even as buyers returned to the market to capture favorable prices, low interest rates and a federal tax rebate.
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2010: year of the turnaround?
A spurt in home sales in 2009, aided by low interest rates and the first-time homebuyer tax credit, has led some economists to forecast a turnaround in the housing market this year. Other forecasters feel this is too optimistic a projection.
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What's Ahead for Home Prices?
What’s ahead for home prices?
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Rate-lock dos and don'ts
Interest rates dropped at the end of last year after creeping up over the summer, with 30-year fixed-rate mortgages with interest rates below 5 percent readily available.
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Practical Tips to Enhance Your Finances
$8,000 Tax Credit Extended and Expanded
With tax season approaching, we decided to focus this edition of our quarterly newsletter on a few tax incentives we think you'll definitely want to discuss with your tax professional. Feel free to share this newsletter with your friends and loved ones as they prepare their 2009 returns.
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