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362 Active Listings in Santa Clarita: Where the Deals Are · Connor with Honor: AI, Real Estate and Real Life

• 0:00
  SPEAKER_00: Hey everybody, it's Connor with Honor.
• 0:01
  SPEAKER_00: Today's May 14th, 2024.
• 0:03
  SPEAKER_00: This is your real estate update for all of Santa Clarita Valley.
• 0:06
  SPEAKER_00: Been running through the numbers this morning.
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  SPEAKER_00: 362 total active listings on the market for sale.
• 0:12
  SPEAKER_00: That's all residential as of today, May 14th, 2024.
• 0:16
  SPEAKER_00: Here's the quick recap for the last seven days.
• 0:18
  SPEAKER_00: Nine postings have been coming soon.
• 0:20
  SPEAKER_00: 50 new listings entered the market.
• 0:22
  SPEAKER_00: 50 prices have their prices changed.
• 0:24
  SPEAKER_00: And these are mostly reductions in listing price.
• 0:27
  SPEAKER_00: We have 23 properties that came back onto the market after having had their escrow's canceled.
• 0:32
  SPEAKER_00: 31 properties have gone into escrow.
• 0:34
  SPEAKER_00: We have 48 that finished and actually closed this last week.
• 0:38
  SPEAKER_00: Six expired, 10 canceled, nine were put on hold, and three have withdrawn.
• 0:43
  SPEAKER_00: Now, as far as sellers go out there, you might be wondering what that next event in the real estate market would be, potential sellers.
• 0:50
  SPEAKER_00: All you have to do is just keep watching these interest rates.
• 0:53
  SPEAKER_00: If inflation gets handled and they start coming down a little bit, even a half a point or a point, your properties are going to be more gold than they are currently.
• 1:02
  SPEAKER_00: For you real estate buyers out there, your solve all is making sure that when you go speak with your lender, that they give you all the backing, all the proper documents, and look at everything.
• 1:14
  SPEAKER_00: So when you do write that offer, you have that solid direct underwriter approval, if possible, from your lender to go in with that seller.
• 1:25
  SPEAKER_00: So the seller gets notified via their agent through your agent and sees that you have all the wherewithal to finance the property.
• 1:32
  SPEAKER_00: In addition, one more tip for you buyers make sure that lender that you're using is going to call that seller's agent and tell them and explain to them exactly who you are and how fantastic you're going to be and how you're going to be financeable and make it all the way to the closing table.
• 1:50
  SPEAKER_00: I'm Connor with Honor.
• 1:51
  SPEAKER_00: Thank you so much for watching me on Tuesday.
• 1:53
  SPEAKER_00: We're going to be back back tomorrow for my Hump Day Wednesday broadcast.
• 1:57
  SPEAKER_00: Probably talk about foreclosures and distress properties.
• 2:00
  SPEAKER_00: I know short sales aren't out there, but if the economy continues to morph, maybe people start to lose their jobs and then we have another issue out there.
• 2:10
  SPEAKER_00: We'll keep you posted on that.
• 2:11
  SPEAKER_00: I'm Connor with Honor.
• 2:13
  SPEAKER_00: Thanks for watching.
• 2:14
  SPEAKER_00: Be well.
• 2:14
  SPEAKER_00: Over and out.