David Seaburg, head of sales trading recently said as reported by CNBC, “I think housing stocks are names you should continue to own here, especially in the face of wages improving and jobs growth.” The consensus by a myriad of experts is that housing is on the verge of breakout. In May, the housing market saw the biggest numbers in years and real estate stock continues to grow. With real estate stock booming, this kicks the economy into high gear and then you guessed it, buyers go out and spend more.
Home Buyers: California is a Hot Market
Are you ready or are you still in a recession mindset? Maybe you are saying, “Well I don’t know if that applies to my corner of the world.” Certainly some markets are still struggling, but there are areas of the country that are very hot right now. Says chief economist at Realtor.com, Jonathan Smoke:
Our early read of real estate trends in June suggests good news ahead for the U.S. residential real estate market, especially in the hottest markets with healthy growth in supply. California again dominated the hottest markets list.
So if you are ready to buy or even poised to sell, now is the time.
Why Buy Now in Ventura County?
Terry Savage, expert on personal finance, the economy and markets wrote recently on a Huff Post Money Blog,
The time to get into the market is when there is little competition pushing prices higher.
But if you look at the numbers, you have an exceptionally advantageous window of opportunity right now. It does not mean you cannot buy later, but in terms of investment, every economist is saying “get in now.”
As I wrote in my recent blog Housing Market Hits Record Highs, May and June numbers are leading housing experts to sit up and pay attention. According to a recent Metro Study Report, Ventura County closings are up.
Ventura County closings increased from 95 to 183 (+93%), and annual closings increased from 502 to 566 (+12.7%).
We can all focus on the the past mistakes of the 2008 housing crisis but it makes much more sense to embrace that we are in a strong recovery and it’s a time of growth and opportunity. The numbers, while they off to a slow start in January, have been steadily climbing. It is likely now that we are going to continue to prosper. If you are ready to sell, make sure your home’s curb appeal is shinier and more appealing than any others, so you sell at your listed asking price. The competition is tough. Make sure to get the right agent and professionally stage your home so buyers are begging to get in. If you are looking to buy, many of you who are new to Southern California might not know about a community, just a short jaunt from Los Angeles, Westlake Village. If you are looking for a home that includes Southern California resort style living, top schools and a close proximity to Los Angeles, this is the place to view luxury home listings.
For more on Westlake Village and surrounding areas like Thousand Oaks and Agoura Hills, contact Lydia Gable today.