November 2007

5%? They Didn’t See My Last Posts

November 20, 2007

Obviously this Lancaster, Ca new home developer didn’t see a few of my last posts. The one with the local Santa Clarita home builder offering 10%, or the latest one showing how horrible the zip codes are performing out there in Lancaster, although their zip code where this development is at isn’t worse than the WORST Lancaster [...]

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The Hot and Cold – LA Zip Codes

November 20, 2007

Thank you to the LA Times “LA Land” blog post today, for providing these figures today on the best and the worst of Los Angeles County zip codes, with respect to home value appreciation (remember what that is?), and depreciation. Here is a look at the Hot and Cold Zips: Hottest Area/zip % change Oct. [...]

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Santa Clarita New Home Builder Offers 10% Commissions!

November 19, 2007

In yet another sign of the times, K. Hovnanian, a somewhat struggling national home builder, who has a local Santa Clarita development, more specifically in Canyon Country, is actually offering referring buyer agents 10% commission! They’re offering this incentive to agents on 11 15 specific homes (increased while researching this post!), that appear to be stale [...]

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The Madison at Town Center – Still trying To Sell!

November 17, 2007

From apartment homes, to condo conversion, back to apartment homes, and now trying to sell “some” of them with options like “lease to own” programs. The Madison at Town Center, located in Valencia has been a victim of bad timing. It really is the most “interesting” condo community in the Santa Clarita Valley, however the [...]

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Newhall Land and Farm Hit with Layoffs

November 17, 2007

The cornerstone of the Valencia community and developer for the last 40 years of it - Newhall Land and Farm, is also seeing it’s share of economic struggles, as they made a “workforce reduction” on Tuesday. The West Ranch Beacon reported a “source” at the company said approximately 20 employees at Newhall Land were given notice. The [...]

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LA Home Sales Down 48% From Year Ago

November 17, 2007

Dataquick announced that resale, and new home sales in Los Angeles County, dropped 48% from year ago levels. An even more bleak figure, due to the larger number, was the fact that we are 68% lower that the sales level for Los Angeles County reached back in October 2003. Dataquick said that sales levels are at their [...]

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Procrastination is a Crime!

November 17, 2007

This is how my work week went down! So now I’m playing catch up at the office here on a Saturday, not watching College Football! Cartoon by Dave Walker. Find more cartoons you can freely re-use on your blog at We Blog Cartoons.

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Santa Clarita Real Estate Listing Inventory 11/13/07

November 13, 2007

It’s decreasing everyday, at least for now! Look’s like we will gravitate into the 2,300 range in the next few days possibly. With over a 15 month supply of homes, when 5-6 months is “ideal”, we can use a decrease. We stand at 2,417 homes for sale today in the Santa Clarita Valley. Let’s take [...]

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Santa Clarita City Council Salary Increase

November 12, 2007

November 13, 2007, at the Santa Clarita City Council meeting, an ordinance will be introduced that’ll provide for a 5% increase in each city councilmembers’ salary. Do any of you know how much they make on a monthly basis right now? This kills me – just $1425.55! These are good people, and they work [...]

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Santa Clarita Short Sale Inventory Report

November 12, 2007

The most recent Santa Clarita short sales inventory report is here! The short sale inventory has steadily increased month after month just about. This should not be surprising, especially given the current credit crunch, declining home values, and rising unemployment in California. The last time I reported on the Santa Clarita short sale inventory, was [...]