Santa Clarita Valley Real Estate

Santa Clarita Valley Single-Family Homes Statistics Santa Clarita Valley Single-Family Homes Sales Increase 23%, Posting 5 th Consecutive Month of Gains Santa Clarita Single Family existing single-family homes picked up during May in the Santa Clarita Valley, posting the fifth consecutive month of increases, the Southland Regional Association of Realtors ® reported. Realtors® closed escrow on 220 homes, an increase of 22.9 percent over a year ago May and 23.6 percent higher than the tally reported this April. May also marked the first time since June 2007 that more than 200 homes sold in a single month. Every month since January has seen more homes sold than the prior year. Santa Clarita Condominium sales remained sluggish as prospective buyers preferred to focus on single-family homes that for the first time in years are being offered at favorable prices by owners who are willing to negotiate and make repairs or concessions. The market is showing signs of stabilization as we ente

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'

Your credit score is likely the most important three-digit number in your life. Your score affects how much you pay for credit, and it can affect other bills you pay, where you live and where you work. Banks and credit card companies review your score when deciding whether to extend you credit and how much interest to charge. (See " What bad credit really costs you .") A high score can lead to lower car- and home-insurance premiums, a deposit waiver from utility companies and a better service package from the cell-phone company. (See " 5 people who check your credit .") Many landlords check credit scores before allowing you to sign a lease. (See " Credit checks: A civil rights issue? ") Many employers -- 35% in 2003 -- are doing credit checks on prospective employees, particularly those who would deal with money. Employers need your written permission to make the check and must give you a chance to respond. With so much at stake, it's wise to find out