SCV housing prices leveled off in September while interest rates dropped. Is it time to jump into home ownership?
New statistics recently released from the Southland Regional Association of Realtors showed single family home
prices leveling off in the Santa Clarita Valley for the month of September.
Home values dropped slightly from $523,000 in August to $515,000, which is not untypical for this time of year. Condo prices held steady, with no decrease month over month between August and September.
This however may create better opportunities for home buyers looking to get into property ownership before the end of the year.
Interest rates still dropping.
Despite rumors of a rise by year’s end, mortgage interest rates continue to fall, and are holding below 4 percent, giving home buyers a continued boost in their purchasing power. As of the date of this article, mortgage rates are holding as follows: Continue reading Shift In Real Estate Market Creating More Opportunities For Buyers