Neal's Blog

Wow, what a difference a few years make! It is at this time of year that I write to you and recap the previous year and lay out what I expect to happen in the New Year. In December 2004 I wrote that 2005 should see a soft landing in housing prices. At that time, the inventory had risen to over 1400 homes, the demand was slower but steady, financing was available and there were delays in the expected new construction. Myself and virtually all of the top agents I network with-in and out of Santa Clarita-were concerned about the lack of affordability for the first time buyer and felt the 5 year run up in prices surely would now come to an end. As is always the case, more popular parts of Santa Clarita were expected to stay flat or modestly soften, areas where there was more to choose from we expected to decline in the area of perhaps 10. After appreciation in the area of 200-250 in the previous 5 years, this seemed a reasonable expectation. Well, we all know now that is not exactly what

Wow, what a difference a few years make! It is at this time of year that I write to you and recap the previous year and lay out what I expect to happen in the New Year. In December 2004 I wrote that 2005 should see a soft landing in housing prices. At that time, the inventory had risen to over 1400 homes, the demand was slower but steady, financing was available and there were delays in the expected new construction. Myself and virtually all of the top agents I network with-in and out of Santa Clarita-were concerned about the lack of affordability for the first time buyer and felt the 5 year run up in prices surely would now come to an end. As is always the case, more popular parts of Santa Clarita were expected to stay flat or modestly soften, areas where there was more to choose from we expected to decline in the area of perhaps 10. After appreciation in the area of 200-250 in the previous 5 years, this seemed a reasonable expectation. Well, we all know now that is not exactly what

Wow, what a difference a few years make! It is at this time of year that I write to you and recap the previous year and lay out what I expect to happen in the New Year. In December 2004 I wrote that 2005 should see a soft landing in housing prices. At that time, the inventory had risen to over 1400 homes, the demand was slower but steady, financing was available and there were delays in the expected new construction. Myself and virtually all of the top agents I network with-in and out of Santa Clarita-were concerned about the lack of affordability for the first time buyer and felt the 5 year run up in prices surely would now come to an end. As is always the case, more popular parts of Santa Clarita were expected to stay flat or modestly soften, areas where there was more to choose from we expected to decline in the area of perhaps 10. After appreciation in the area of 200-250 in the previous 5 years, this seemed a reasonable expectation. Well, we all know now that is not exactly what

Wow, what a difference a few years make! It is at this time of year that I write to you and recap the previous year and lay out what I expect to happen in the New Year. In December 2004 I wrote that 2005 should see a soft landing in housing prices. At that time, the inventory had risen to over 1400 homes, the demand was slower but steady, financing was available and there were delays in the expected new construction. Myself and virtually all of the top agents I network with-in and out of Santa Clarita-were concerned about the lack of affordability for the first time buyer and felt the 5 year run up in prices surely would now come to an end. As is always the case, more popular parts of Santa Clarita were expected to stay flat or modestly soften, areas where there was more to choose from we expected to decline in the area of perhaps 10. After appreciation in the area of 200-250 in the previous 5 years, this seemed a reasonable expectation. Well, we all know now that is not exactly what

Wow, what a difference a few years make! It is at this time of year that I write to you and recap the previous year and lay out what I expect to happen in the New Year. In December 2004 I wrote that 2005 should see a soft landing in housing prices. At that time, the inventory had risen to over 1400 homes, the demand was slower but steady, financing was available and there were delays in the expected new construction. Myself and virtually all of the top agents I network with-in and out of Santa Clarita-were concerned about the lack of affordability for the first time buyer and felt the 5 year run up in prices surely would now come to an end. As is always the case, more popular parts of Santa Clarita were expected to stay flat or modestly soften, areas where there was more to choose from we expected to decline in the area of perhaps 10. After appreciation in the area of 200-250 in the previous 5 years, this seemed a reasonable expectation. Well, we all know now that is not exactly what