Santa Clarita Valley Real Estate

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.

Market to Slow Moderately in the New Year The rate of home appreciation will post a modest decline in 2007 following several years of steep increases, while the sales pace will decrease as the market stabilizes throughout the year, according to the California Association of REALTORS 2007 Housing Market Forecast. The median home price in California will decline 2 percent to $550,000 in 2007 compared with a projected median of $561,000 at the end of 2006. Sales of existing homes are projected to decrease 7 percent to 447,500 units, compared with 481,200 units (projected) in 2006. "The housing market clearly downshifted in 2006 from the record-setting sales and robust price gains of the last few years," said C.A.R. President Vince Malta. "The residential real estate market in 2006 has been characterized by a gap between buyer and seller expectations. Sellers sensed that the peak of the market was approaching, yet still hoped to obtain the highest possible prices. Buyers'

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