Tag Archives: santa clarita real estate

Where Will You Get Your Home Buying Money From?

Buying a home requires more than just funds from your home loan. Here are some tips that will help you cover other costs.

Yes, now is the perfect time to buy a home! Of course, a home purchase comes with costs you may incur above the price of the home. Insurance, Is your home a worthwhile investment?escrow and title fees, are just a few of the “closing costs” as part of the purchase process.

Then of course, is your down payment. Whether you’re going with a traditional fixed-rate mortgage with 20 percent down, or taking advantage of a loan with a lower down payment (Some loans are available with as little as 3 percent down), you still need to come up with that cash. So where does that cash come from? Here are a few suggestions.

Save it up!

Yes, here’s doing it the old fashioned, but tried and true way. When it comes to buying a home, it’s best to make your financial plan that gives you enough time to make sure your money is in order. This includes debt management and budgeting, so that you have the best opportunity to qualify for a low interest rate. While you’re making this plan, include a way to save some of that cash and put it away for your home purchase costs. Continue reading Where Will You Get Your Home Buying Money From?

Santa Clarita Home Prices Jump To Over $500K

Median Single Family Home Prices Rise 6% In One Month

Good news for Santa Clarita homeowners! Recent statistics released by the Southland Regional Association of Realtors showed the median price of a Team Avalos Real Estatesingle family home in the SCV rose to $520,000 in March; up a little more than 6 percent from February’s median price of $490,000.

That’s a $30,000 increase in equity in one month!

Are you starting to see why it’s better to own than to rent your home?

Now to be clear, home equity doesn’t jump this much every single month, but year over year, real estate in the Santa Clarita Valley has averaged an increase of over 6 percent since 1998 (The first full year the Southland Regional Association of Realtors provided public statistics). This includes the short term declines in the real estate market during the darkest years of the recent recession between 2008-2011.  Continue reading Santa Clarita Home Prices Jump To Over $500K

Will The Federal Reserve Raise Interest Rates?

Rates have remained low for the past several years, but when should they be raised? And just what IS the Federal Reserve, anyway?

We talk a lot about interest rates, and for obvious reasons. Unless you are paying cash for a home, then they play prominently in just how much home

Fderal Reserve Chair Janet Yellen
Fderal Reserve Chair Janet Yellen

you can afford.

Yes, rates have risen and fallen over the past few years, and today we’re not talking about interest as it pertains to the value of loans that are bought and sold on the stock market (Which can also affect rates); we’re instead talking about the Federal Reserve.

What is the Federal Reserve?

Established in 1913, the Federal Reserve acts as the nation’s bank. They set financial policies and terms that banks and lending institutions follow, and also loan money to those banks at a base interest rate that is below what the consumer would pay. The following video provides a brief and easy to understand explanation of how the Federal Reserve works.

Will interest rates go up?

Good question. Federal Reserve Chair Janet Yellen has more than hinted that it’s possible rates could rise sometime this year. If the Fed does raise the base interest rate, it will definitely affect a buyer’s loan limit or their mortgage payment amount. The best thing to do if you’re on the fence about buying a home is to lock in your rate now.

We are your choice for buying and selling real estate!

Team Avalos Real Estate is dedicated to helping you achieve all of your real estate goals, and our goal is to make sure your experience is positive and achieves the best results whether you’re buying or selling a home in the Santa Clarita or San Fernando Valley areas. Contact us today for a no obligation consultation.

Team Avalos Real Estate
Keller Williams VIP Properties
25124 Springfield Court, Suite 100
Valencia, CA 91355

Office: (661) 290-3743
Carlos direct: (818) 399-4093
Rose direct: (818) 590-2077

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Condos Rise, Single Family Homes Take a Slight Dip In January

Home prices hold fairly steady going into 2015 in the Santa Clarita Valley.

New statistics out from the Southland Regional Association of Realtors showed home prices holding steady as we move head on into 2015.Santa Clarita Real Estate Update. Photo courtesy George D. Cummings

January showed single family homes dropping in median price by $15,000, which is not uncommon for this time of year as sales slow down slightly after the holidays. What’s interesting is that condominiums in the Santa Clarita Valley increased in January by $15,000 over December 2014. The last time the SCV saw condo prices jump (rather than fall) in January was in 2006.

This interesting rise in condo prices could be attributed to a few factors:

Federal Housing Administration (FHA) guideline changes for first time home buyers.

The FHA has made several changes to their approach toward first time home buyers in 2014. This included initiating an incentive program called Blueprint For Access. They have also reduced the cost of Private Mortgage Insurance by about 35 percent.  Continue reading Condos Rise, Single Family Homes Take a Slight Dip In January

Low Rates Spur Huge Jump In Mortgage Applications

January sees highest number of loan applications since 2008.Mortgage applications on the rise in 2015

With mortgage rates holding at below 4 percent for the past few months, it’s no wonder home buyers are seeing the opportunities available to them in the form of greater purchasing power.

According to the Mortgage Banker’s Association, nationwide mortgage applications were up 49 percent as of the week ending January 9th 2015, which is the largest increase since 2008. What’s interesting about this phenomenon is that it flies in the face of predictions made by some financial analysts who predicted mortgage rates would rise.

So why have mortgage rates remained low despite predictions?

We’ve seen the foundations of not just an economic recovery, but a true rebound in the past 12 months. Nationally, unemployment rates have dropped, while the GDP (Gross Domestic Product) surpassed expectations in the latter part of 2014. Stocks have been strong, as have Mortgage-Backed Securities. Strong investment in the stock side of real estate has helped maintain low rates as well. Consumer confidence has also soared in the wake of lower gasoline prices, putting more money into peoples’ pockets.  Continue reading Low Rates Spur Huge Jump In Mortgage Applications

The Holiday Season Is Upon Us. So Now What?

Do I buy? Sell? Do Realtors work at all during the season?

There is a misconception out there that the real estate market shuts down between Thanksgiving and the New Year. That agents decide to “take the rest of the year off”, and not bother to Team Avalos works through the holidays to assist your home buying and selling needs.market for new business, or even tend to their current clients.

While this may be true for some agents, it most certainly isn’t true for Team Avalos. We are working hard through the season to insure our clients needs are met, and still meeting with, and working with, both home buyers and sellers.

Which begs the question: Is this a good time to do some real estate business? Are sellers showing their homes this time of year? The answer is a resounding YES! Right now, buyers have such great opportunities to get into the home they want based on less competition from other buyers who may decide to wait until “after the holidays.” Also, interest rates have taken another down turn, giving you incredible purchasing power to get into the home of your dreams.

So what about selling my home? Why shouldn’t I just wait until the new year to list my home?

Continue reading The Holiday Season Is Upon Us. So Now What?

Was Your Home Purchase a Good Investment?

Given the reality of investment growth, real estate overall is one investment you can count on.

Yes, it occasionally has its ups and downs, but otherwise, over time real estate steadily increases in value more so than any other investment with less risk. Of course, the size and type of Is your home a worthwhile investment?investment depends on your own personal (and sometimes) professional needs and desires.

For example, if you plan on moving to a community to purchase a home where you plan on staying long term, perhaps even living there long enough to pay off your mortgage, then the positive growth benefits are without question. Let’s do some math:

15 years ago in September of 1999, the median price of a single family home in Santa Clarita was $224,900. Flash forward to September of 2014, and that home’s median price is $490,000. That’s nearly a 118% increase in your investment.

Conversely, if you bought your home in September of 2013, you will already see an increase of nearly 14% in your investment.

As we mentioned at the start however, the real estate industry occasionally does have its ups and downs. Just like any investment, there is an element of risk. For long term residential investors, your risk is minimized as you’ll ultimately see growth in your equity.  Continue reading Was Your Home Purchase a Good Investment?

Santa Clarita Home Prices Hold Steady Through September

Low interest rates continue to spur home sales in the SCV.

Single family home prices remained unchanged last month from August, holding steady at a median price of $490,000 according to data released by the Southland Regional AssociationTeam Avalos Real Estate Santa Clarita of Realtors.

This comes as good news for sellers at a time when the market begins to shift and slow as the summer season comes to a close. Condominiums did take a slight dip last month, but dropped only $5,000 in median price overall.

Median equity in single family homes has risen $57,100 since January, with condos rising $30,000 over the course of this year. Considering your investment options, where else can you increase your overall wealth by this much in only 9 months?

Will mortgage rates remain low?

A few weeks back, rates dipped below 4 percent for the first time since the spring of 2013. This spurred a lot of not only buying activity, but a mini “refi boom” for homeowners looking to refinance their mortgage to a lower rate. They have ticked up a few 10ths of a percent, and are currently holding just over 4 percent, but even still, these are incredible rates, considering the historical average (Taken over the past 40 years) hovers right around 8 percent. The big question is, of course, will the STAY low? Continue reading Santa Clarita Home Prices Hold Steady Through September

Interest Rates Dip Below 4 Percent

Mortgage rates hit their lowest in 18 months. Now is the time to buy!

Who knew? Recent positive economic forecasts have had a positive effect on the real estate industry. Considering it was just a little over a year ago that some financial analysts predicted Mortgage interest rates once again on the declineinterest rates over 5%, it’s amazing to see that, as of October 15th, mortgage rates dropped BELOW 4  percent.

So how did this happen, when rates were expected to climb?

If you go back a year and a half or so to early 2013, we saw interest rates dip to historic lows (Nearly to the mid 3% range). Now, rates have been helped along since November 2008 by federal stimulus package known as Quantitative Easing, which pumped $85 billion per month into the Mortgage-Backed Securities market. This of course gave confidence to investors, which helped the Federal Reserve maintain (and even reduce) loan rates.

In the spring of 2013, the Federal Reserve hinted that they may begin tapering off the amount of monthly stimulus, which caused panic among some investors, who began selling off their Mortgage-Backed Securities. This initiated a brief chain reaction, which forced rates to rise to over 4%, where they have been holding for a little over a year.

In 2014, the Federal Reserve began reducing their stimulus, which is now down to $25 billion per month (Saving taxpayers over a half trillion dollars per year). During this time, interest rates held in the very low 4% range. In the past few weeks, the Fed announced no new changes in rates based on positive economic news in the job and investment markets. In other words, they wouldn’t want to “rock the boat” during what’s becoming an exponential positive economic growth spurt. Continue reading Interest Rates Dip Below 4 Percent

Home For Sale In Castaic: 28414 Gibraltar Drive

Beautiful turn key home has 3 bedrooms, 2 baths, and over 1800 square feet of living space!

Team Avalos at Keller Williams VIP Properties is proud to announce their latest listing located at 28414 Gibraltar Drive in Castaic CA.

This is an amazing home, ready for you and your family. Featuring many fabulous upgrades that include hardwood floors, recessed lighting, plantation shutters, dual pane windows, custom paint, just to name a few.

With over 1800 square feet of living space, this home is perfect for you and your growing family. Located in the desirable Hasley Hills area of Castaic, you’ll be only minutes from commuter access to Interstate 5.

The large living room and family room are perfect for family gatherings and entertaining. The family room is pre-wired for surround sound, and also has custom built-in shelving and a cozy fireplace.

As you enter the kitchen, you’ll find plenty of cabinet space along with custom granite countertops, center island, and stainless steel appliances.

Your master suite is complete with a walk in closet, and private bath with dual sinks and separate shower and tub.

The remaining bedrooms are large and perfect for your growing family. They can also be used for home office and flex space.

This home sits on over 7,000 square feet of land, with a large backyard that boasts incredible views as well as a custom built gas barbeque and bar, and gas firepit.

This home is a MUST-SEE, and won’t last long. Contact Team Avalos Real Estate for more information and to schedule a private showing.

Listed at $499,900

Team Avalos Real Estate
Keller Williams VIP Properties
25124 Springfield Court, Suite 100
Valencia, CA 91355

Office: (661) 290-3743
Carlos direct: (818) 399-4093
Rose direct: (818) 590-2077

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E Mail:
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