This is apparently your first time visiting our blog because this is the first post! My name is Sue Koett and I have been a Real Estate Broker for... well about 15 years. I was in the business in the 90's we the Antelope Valley saw its first wave of foreclosures, repo's, short sales, and abandoned homes. If you were in the AV at that time maybe you remember when an entire housing tract was burned for a Lethal Weapon movie because the builder went bankrupted.
Maybe houses are not being burned right now, but was are definitely in the same market. This one may even seem a little worse because the high of the market five years ago was really high, which made the fall down hurt that much more!
So what is going on today???
California was offering an 8,000 dollar first time buyer incentive... well... its all over now :(
But, in return on March 25th $100 million dollars were allocated to California first time buyers - ON A FIRST COME FIRST SERVE BASIS!!! What does this mean... if your thinking of buying a home, do it quick! The guess is that this money will only last 10 - 20 days before the funds are depleted.
Fun Facts -
Housing has begun to rise now for three months in a row.
Mortgage fraud rose 7% in 2009
Current number of properties in Lancaster right now is approximately 672 homes
The median priced home in Lancaster is about $140,000
Well, stick with us, our goal is to provide daily news about the Real Estate market in the Antelope Valley and give you resources and lots of good information!
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