Phil and Joey Levy Real Estate

Here is a handy reference of today's residential mortgage rates compared with the rates from various previous periods. Note that today's rates are roughly 1 percentage point lower than one year ago and seem to be on a downward trend. Lower rates will likely mean more buyers and sellers.

The full report and methodology is at this URL: https://www.mortgagenewsdaily.com/mortgage-rates/mnd

Mortgage rates have now dipped into the mid 6%'s. This is a full percent lower from their recent peak.

If higher rates were the biggest thing keeping you on the sidelines, this may be exactly what you were waiting for.

If you’re ready to make your next move give us a call.

Getting ready to buy or sell a house? Inspections are an important part of the process.
See this quick summary of the structural components that inspections typically cover.

New Farmers Market coming to Santa Clarita

https://www.instagram.com/valenciafarmersmarket?utm_source=ig_web_button_share_sheet&igsh=ZDNlZDc0MzIxNw==

Valencia FivePoint Farmers Market (@valenciafarmersmarket) • Instagram photos and videos 552 Followers, 49 Following, 25 Posts - See Instagram photos and videos from Valencia FivePoint Farmers Market ()

Celebrating Liberty for all!

This freshly updated Sunland home just hit the market.
Check the comments for more details.-
-
-
-


DRE Lic. # 0180664 & 01851645

Burrtec is providing a complementary document shredding drop off for residents of the City of Santa Clarita. Advance registration is required using the QR code displayed on the attached flyer. Space may be limited.

Santa Clarita Fireworks events for the 4th of July 2024 (LA Daily News)

Valencia

City of Santa Clarita Fireworks Show: Fireworks, 9:15 p.m. Free to watch from the surrounding area of Valencia Town Center, 24201 Valencia Blvd. https://calendar.santa-clarita.com/event/city-of-santa-clarita-fireworks-show

(In addition, Valencia Town Center holds a fundraiser for the WiSH Education Foundation, 6-10 p.m.; tickets $45; $35 ages 12 and younger; details on this ticketed-in-advance VIP viewing event at a location at Valencia Town Center: tinyurl.com/mr49k76x). Location, 24201 Valencia Blvd. Purchase tickets for the fundraiser on Eventbrite: tinyurl.com/4zj5zpup)

Six Flags Magic Mountain: Fireworks, 9:15 p.m. (and also, July 5-6). Best viewing areas: Full Throttle Plaza, Main Gate Plaza and DC Universe. Admission $57 online (see other options on the website). Location, 26101 Magic Mountain Parkway. www.sixflags.com/magicmountain. www.sixflags.com/magicmountain/events/july-celebration

💥 🎆

Want to know what to expect from the housing market for the second half of the year?

Expert forecasts say:

Prices will keep rising, just at a slower pace.
Mortgage rates will come down slightly.
And sales will hold steady.

These are the nationwide expectations. But housing is hyper local and in the Santa Clarita Valley we have 30,000+ new homes underway. So contact us for the most current and relevant information that you need.

Fred Arnold Joey Levy

More than 1/2 of residential mortgages in the US currently carry rates of less than 4%. Today's 7% rate mortgages disincentivize these owners from selling when it means replacing their homes with new mortgages at the higher rates. This phenomenon has been dubbed "Rate Lock-In".

Joey Levy Fred Arnold

Best wishes to all the dads and dad figures for your inspiration and guidance.

Come stop by on Saturday from Noon - 2PM to check out this amazing Fair Oaks Ranch Home

https://www.compass.com/listing/26301-cardinal-drive-canyon-country-ca-91387/1586465422924880697/?origin=listing_page&origin_type=copy_url&agent_id=61f31f7825c55e00014f2250

Listing Courtesy of Tracy Hauser

DRE Lic. # 01851645

We wish everyone a yummy and delicious donut celebration 🍩

Lennar's Tesoro Highlands Avila neighborhood features a "NextGen" model with more than 4,000 square feet. This home provides a separate living quarters providing them with their own space including a separate entry. Great solution for living with in-laws or other family. Call us to learn more!

Levy

To Buy or Not to Buy - that is the question. (Wm Shakespeare?)

This graphic provides a list of the benefits of homeownership versus renting.

While Memorial Day unofficially marks the beginning of the summer season, it is actually a solemn commemoration for those lost while defending our great nation. Here's a bit of background from History.com.

Originally known as Decoration Day, it originated in the years following the Civil War and became an official federal holiday in 1971. Many Americans observe Memorial Day by visiting cemeteries or memorials, holding family gatherings and participating in parades. Unofficially, it marks the beginning of the summer season.

Celebrating the mom's among us!

#

Happy Passover to all of our Jewish friends and family.

Congratulations 🎉 to Matt for beating us as well as everyone to the top spot for our annual bracket challenge.

Also, congratulations to Jason who won our drawing for a CPK gift card.

Real Estate from one eclipse to the next.

Food for thought 👇

If you want access to three data driven social templates, two video scripts, and one email script EVERY WEEK join our BAMx membership: https://bamx.uscreen.io/pages/subscribe

Richmond American has opened its new Torrin new community in Five Points Valencia. These are beautiful 2 or 3 bedroom detached homes ranging in size from 1,500 sf to 2,100 sf. Two car garages plus room for a golf cart for easy transport within the Five Point development come standard with these home. One nice feature is laundry sinks in the larger models! The prices currently run between the mid $700k's to high $800k's with favorable financing available. Call us to check it out! Fred Arnold Joey Levy

Visit to Toll Brothers' sales center for its new Tesoro Highlands community.

Highlights:
1. Mix of single story and two story luxury homes
2. Home sizes range from 3,300 sf to almost 5,000 sf
3. Generous lot sizes averaging 11,000 sf
4. 1,500 foot altitude provide spectacular view for many lots
5. Prices range for $1.6 million and higher.
6. Almost 20 homes have already been sold pre-construction.

Fred Arnold Joey Levy

Check it out!

Wishing our friends an inspirational Easter.

Interest rates remain in the high 6%'s affecting affordability and restricting supply as many seller's remain "rate-locked".

Jessica Lautz, NAR Deputy Chief Economist and Vice President of Research, reacts to mortgage interest rates remaining in the mid-6% range for 16 weeks.