Current Market Conditions in Southern California

With the government shutdown, there has been some good news if you are buying or selling a home.  Interest rates have dipped back down a little bit.  Most experts believe this to be a very temporary dip, and due to the stock market selling off, that raises prices in the bond market, so conversely, the interest rates drop.  Again, according to most experts, this is anticipated to be a very temporary dip in the interest rates.  If you are shopping for a new home, I would recommend locking in your loan before the government shutdown is over.  Usually the stability in government leads to more consumer confidence and a rally in the stock market... which will raise interest rates.

In other news, there are more and more homes for sale in the area.  Homes are staying on the market longer, and the appraisal values are coming in a little light (for the most part.)  If you are thinking about selling your home, it still may be a GREAT time to do so.  Interest rates are still near record lows, and home prices have risen significantly over the past year.

Some more GREAT NEWS to report!!!!  My team has recently created, developed and now has given you FREE ACCESS to prices of recently sold homes in your neighborhood anywhere in Southern California, and best of all, we use data that is "live", and is updated daily.  My team financed the entire project for this web based tool, NO E-Mail Address is required to use our search tool, and results are displayed instantly online, just enter the address of the home you are interested in find out what homes in the area have recently sold for, and the system will display recently sold homes (usually within 1/2 mile, and sold within the last 6 months.)  If you are interested in using our fun new toy, give it a whirl at:

www.moorparkrealty.com/sold/

(note, you MUST include the "/sold/" to get to this tool.  If you just use www.moorparkrealty.com, it directs you to my troop website and you are able to search for homes on my website.)

Again, we did this with the intent of giving you the ability to review the data yourself, free of charge, and without having to provide your e-mail address, phone number, or any other personal data!  You just enter the property address of the home you want to find out what the neighborhood has been selling for, and results are displayed instantly!

Of course, if you'd like to e-mail me directly, I'd be happy to help you with the information as well.

Best of luck!  If you're buying, selling, investing, or flipping, give me a call (or e-mail.)

Brett Bystrom
805-338-6560
brettbystrom@gmail.com