Episode Details

0:00 June 23rd, 2026. Good day, good morning, good afternoon, good evening. I hope everybody's fantastic. We're going to talk about what's happening in the market.
0:08 The Board of Realtors is up and running this morning. Yesterday, it was down 736 total active listings on the market.
0:16 We have 10 coming soon. 79 new listings have been posted these past seven days. 83 properties have had their prices changed.
0:22 These are all reductions. out of escrow. That number a little bit. So for buyers. You go up fir your offer accepted becau kind of a watch it, make this property starts to of escrow.
0:58 26 properties have gone 47 properties have gone p six expired, 12 cancelled What does that mean? Well, the Santa Clarita market is moving in the residential bio realm, but it's not moving as fast as it typically would this time of year.
1:15 And that happens to be because of the particular economy that's existing, the war, and the interest rates. Nothing really seems to be changing.
1:23 On that front, except not great news, but a little bit worse news as far as buyers go in the interest rates and as they're being increased now.
1:32 I will tell you purchasing real estate, if interest rates are pricing you beyond your capability to buy a house, then that's it.
1:39 You have to wait until they do. They come down, you have to wait until there's some adjustment somewhere, borrowing money, getting a raise, getting another job, all of these sorts of things.
1:47 If you really want to buy real estate, of course, that's, that's the truth. But if you're still qualified and you're buying, make sure you're buying not because you're holding interest rates are going to come down at some point in the future, whatever you're buying, if it's going to be using a 30-year
2:02 fixed loan, which is a very typical type of loan, you want to stick with it and understand that that interest rate might stay where it is.
2:10 If you're using an adjustable rate mortgage. People still seem to be selling a lot of those now. It's going to be dependent on future increases or decreases depending on what index.
2:21 tied to. You need to get all that information. That's, that's a very deep and complicated scenario, but you want to ask worst case scenarios.
2:30 Best case scenarios and then try to maybe plant your, plant your shovel somewhere in between those. You sellers out there.
2:36 It is very important to get that property price correctly out of the chute. That future estimation of value at the 90 day realm is very, very, a good indicator.
2:45 of where your value should be, so I wouldn't base it on today's value, I would look out two months, two and a half, three months, and see where that value is.
2:54 happens to be looking at the past trend. Whatever market you happen to be in, your agent should be able to work out those numbers.
3:01 Looking at how properties are trending over the last several months, and then plot that line, and then map it out, and then be able to tell you, okay, 60 days, 90 days from now, this is potentially where that value's going to be.
3:12 In some neighborhoods right now in Southern California, it, it might be increasing, because that's the trend. In most neighborhoods right now, it's either flat, or decreasing, so that's also the trend.
3:21 So, pricing that property correctly, and then finally, I know I talked to a, a, a, a, to be coming on the marke property sometime.
3:34 it's really important. It's worth the four or 500 bucks that a good inspector would charge to come out and run through your property with a fine tooth comb and look at every aspect of it and then prepare for a list and then as a seller, you know, we'll go over which things that you should attend to and
3:49 which things won't, aren't necessary. But you have full disclosure there. I mean, there is no guessing at that point. It's lovely.
3:56 And that doesn't mean that