Why is the Market rising so much in Santa Clarita?
Well there are a lot of different theories. Many believe it is a false bottom. Is it? I am not sure, but I do know one thing. You can never call the bottom until the properties begin to rise, so usually when trying to time the bottom you miss the first 10% of the rise up! SOUND FAMILIAR? It should. We are at significant lows currently with available homes for sale. The interest rates are at all time lows and most people (with good sense…hehehehe) feel the interest rates will rise. That has created opportunities for people purchasing to get locked into interest rates they may never see again in our lifetimes.
That in itself is the biggest motivator in the market place. MORE BUYERS, LESS SELLERS. The old supply and demand theory. It is amazing properly priced homes right now are selling quickly, in multiple offers, and in some cases higher than asking price! How long does it last? I do not know, but sometimes you must look at opportunity, compare it with your situation and make a decision.
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