Santa Clarita Valley Real Estate

CITY HOSTS ENTERPRISE ZONE BREAKFAST PROGRAM A Program to Help Businesses Keep More of What They Earn The City of Santa Clarita will host a free Enterprise Zone Breakfast Program on Tuesday, August 25, from 8:30 a.m. to 9:30 a.m. at City Hall’s first floor Century Room. The informational workshop will include a complimentary continental breakfast and provide local business with information on how to reduce their State Income Tax. A representative from the City’s Economic Development Division will facilitate the program. The workshop will show local businesses how they can benefit from the Santa Clarita Enterprise Zone program on their 2008 State income taxes and where to go for additional information. Businesses located in the Zone may be able to reduce their State income tax by up to 50% or more. “Whether you own a business in the City of Santa Clarita or are looking to relocate to the City, this no-cost Enterprise Zone Breakfast work

Weichert, Realtors - Hoshaw & Associates Freddie Mac Selling Agent Select Property Report As a Selling agent Select agent for Freddie Mac we can help you negotiate the best possible purchase price for these homes. Don’t see your future home on this week’s list? Just let us know where you want to live and we will help you find and get settled into your next home. Contact me directly or your Weichert, Realtor with any questions 661-287-4466 x 226 or david@scvrealty.com Ask about the special promotions available to buyers of these homes. Address: 22817 22819 14TH STREET, SANTA CLARITA, CA Rooms: 8 Bed: 3 Bath: 2.0 Price: 213,900.00 Address: 13040 DRONFIELD AVE APT 5, SYLMAR, CA Rooms: 3 Bed: 2 Bath: 1.0 Price: 92,900.00 Address: 13100 BROMONT AVE UNIT 13, SYLMAR, CA Rooms: 4 Bed: 2 Bath: 0.0 Price: 105,900.00 Address: 12918 N FOUR PALMS LANE, SYLMAR, CA Rooms: 5 Bed: 3 Bath: 3.0 Price: 251,900.00 Address: 13265 RAVEN STREET, SYLMAR, CA Rooms: 7 Bed: 3 Bath: 2.0 Price: 289,900.00 Addre

Valuable information to for buyers and sellers. Statistics from the National Association of Homebuilders show that the square footage of homes has shrunk in recent years. This is a trend that is likely to continue given the current economy. This may be an opportune time for owners of smaller homes to sell, according to a recent article published in Realty Times , which provided these tips for giving a small home big appeal to buyers: Accentuate storage space . A buyer must sense that a smaller home has enough storage space to accommodate their everyday needs. Clear out the attic and/or basement if the home has them. In addition, built-in furniture or custom closets also provide convenient, hidden storage. Create an office niche . Home offices are very popular, but a smaller home might not have an extra room to use for this purpose. Using a decorative screen around a small desk or tucking one away beneath a staircase shows buyers how they can

The City of Santa Clarita will begin the first of 12 large concrete pours for the Golden Valley Road Bridge, the final link in the Cross Valley Connector, this Friday, August 9. The pour will begin at 4 a.m. and is expected to last until 2 p.m. The Golden Valley Road Bridge is scheduled for completion in March 2010. The 8 ½ mile Cross Valley Connector is the City’s major road project to ease traffic valley-wide through the seamless connection of Newhall Ranch Road and Golden Valley Road. The Connector will also provide a direct connection between the I-5/SR-126 and the SR-14/Golden Valley Interchange. For more information on the Cross Valley Connector, contact the City’s Public Works Department, at (661) 255-4953 or visit http://www.santa-clarita.com/connector . Residents can also sign up for the Cross Valley Connector (CVC) RSS Feed, available at the above provided web address, for up-to-the-minute news on the project.

According to recent reports and forecasts by housing analysts, the three-year descent in home prices appears to be at an end. Eight cities, including San Francisco, showed price increases in May, up from four in April, and one in March, according to Standard and Poor’s/Case-Shiller Index. For the first time since early 2007, the index of 20 major cities was virtually flat, rather than down. · Earlier reports show that sales of existing homes nationwide rose last month for the third consecutive month, while sales of new homes increased in June by the largest percentage in eight years, according to the NATIONAL ASSOCIATION OF REALTORS® (NAR) and the U.S. Commerce Dept., respectively. · Although some skeptics believe the market is pausing before home prices decline further, the median price in California’s housing market appears to be stabilizing. June marked the fourth consecutive month of rising home prices and the second largest gain on record for the

New $8,000* Tax Credit For 2009, Congress has enacted an $8000 credit specifically to help first-time homebuyers. To qualify, you can earn no more than $75,000 as an individual or $150,000 as a married couple that files a joint tax return. If you do qualify, you will be able to deduct the full $8,000 from your federal tax liability. Or, if you owe less than $8,000, the government will subtract the amount you owe from $8,000 and send you a check for the difference. Only first-time homebuyers who purchase their principal residence on or after January 1, 2009 and before December 1, 2009 are eligible. You will also be considered a first-time buyer if you have not had any ownership interest in such a home in the three years previous to the day of your 2009 purchase.` For detailed information about the tax credit, click on, First Time Home Buyers Tax Credit. For more information about the $8,000 tax credit, please email or call our office now. You will be put in touch with a local Weichert S

MID-YEAR MARKET SUMMARY The California housing market showed more signs of emerging from the worst of the market downturn in June as the median price rose for the fourth straight month and sales registered significant year-to-year and year-to-date gains. At $274,740 in June, the median price rose to its highest level so far this year and stood 4.2 percent higher than the May revised median price of $263,600. The median remained well below levels of a year earlier, however, with a 26.4 percent decrease from the June 2008 median of $373,100. Year-to-year changes have been less severe in recent months and the June decrease was the smallest since February 2008. June sales dipped 6.0 percent from revised May sales of 546,750 homes to a June sales figure of 514,110 homes, but showed a 20.1 percent increase over prior year sales of 427,910 homes. This was the smallest percentage gain in a year, and smaller gains are expected through the rest of the year. Still, sales in the first