Santa Clarita CA, I-5 Project Included in SCAG Regional Priorities
Southern California Association of Governments (SCAG), the largest regional planning agency in the nation, released a draft of its 2008 Regional Transportation Plan (RTP) in December. HOV and truck lane improvements "on Route 5 from SR 14 to Parker Road" are included at a project cost of $507 million.The project list is divided into three sections. The Regional Transportation Improvement Program (RTIP), which includes the I-5 Project, forms the foundation of the RTP investment strategy. Second, the RTIP represents the first six years of already-committed funding. The RTP contains additional financially constrained (funded) projects beyond the RTIP. Third, the Strategic Plan lists unconstrained examples of projects the region would pursue given additional funding and commitment. Click the link for more information on The Golden State Gateway Coalition who is leading these transportation improvements.
Last month Pending US home sales skyrocketed to their highest number in 7 years, a sure sign that the bottom is forming and that bargain seekers have arrived. The National Association of Realtors reported that its seasonally adjusted index of sales contracts signed (the Pending Home Sales Index) jumped 6.7% to 90.3, well ahead of analysts' expectations. Lawrence Yun, NAR chief economist, said buyers have responded to favorable market conditions. "Housing affordability conditions have been at historic highs, but now the $8,000 first-time buyer tax credit is beginning to impact the market," he said. "Since first-time buyers must finalize their purchase by November 30 to get the credit, we expect greater activity in the months ahead, and that should spark more sales by repeat buyers." Santa Clarita Home Value Santa Clarita CA Real Estate Agent | Santa Clarita CA Homes for Sale Weichert, Realtors - Hoshaw & Associates David Hoshaw, Broker, CRS, GRI, e-P...

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