Neal's Blog

January 31, 2010 As we start a new decade in Real Estate I am struck by how much it has changed in the last 10 years. We often forget that even with a bubble that no one could have seen or predicted that average and median prices in Santa Clarita are still almost double what they were at the end of 1999. The big change though is in technology--never before has so much Real Estate information been available to the public, and boy do they lap it up!   I have never seen so many articles, cable programs, blogs, etc.; and opinions sure can be controversial. I get it. Real Estate is a big part of the American dream and impacts huge numbers of jobs and, of course, confidence. The irony though is that with the public having more access to information than ever, there seems to be more confusion than ever. Today we have record low housing inventories (673 homes in Santa Clarita today, only 381 are not short sales), yet prices are not going up. Why? In 2009 we had 5.176 million sales