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I talked with my good friend last week who sells real estate. He's seen the market here in Santa Clarita slow down a bit. Mostly people having to drop their unrealistic pricing. Before homes were going $60-100k over asking, now they are getting near asking or having to drop $10-15k.
He recently bought in Idaho, fled California as many have. He said that market is really cooling down there after the run up from "Ca Refugees" buying up homes. He sells in Santa Clarita from Idaho since homes were selling so fast here he rarely ever had to show a home or do a Open House.
I should be fine with my home. Desirable area, beautiful hilltop view, no HOA, no Mello Roos and SCV has a thriving commerce/industrial area. They want to build 29k new homes here, can't imagine what traffic will be like.
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"Prayer isn't a parachute. It's a compass. It doesn't save you from the storm. It guides you through it." - Bear Grylls
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