Good luck out there!
Yes, it is frustrading for people who are in a rush to buy a home fast.
More foreclosures?, is up to the banks.
If you are still looking for a good deal, I'm inviting you to check out the link below.
THIS IS A REGULAR SALE! Not A SHORTSALE!
Keller Williams Realty
Also there are currently 20 bank owned homes in escrow in the 91354.
Today's market is extremely competitive for buyers, but there are many steps a buyer can take to ensure they have the most compelling offer for the seller to consider and accept.
If you would like up to the minute access of listings when or before they hit the market just let me know. Having a strong agent on your team also will increase your ability to secure the home you want.
All the best to you in your home search.
Broker, CRS, GRI, e-PRO
Weichert, Realtors - Hoshaw & Associates
28009 Smyth Drive Valencia, CA 91355
661-287-4466 ext. 226
Here's a conspiracy theory for you: The Fed and the banks know what happens to housing values when there is very little supply...the demand helps to drive up prices. They are also aware that the Federal tax credits of up to $8,000 expires after April (buyers need to open escrow by April 30th). Because of this deadline and the lack of housing inventory, they kill two birds with one stone 1) the Obama Administration badly needs to show America that something IS working, and 2) if the banks can artificially raise housing prices due to their "delay" in bringing foreclosures to market, their losses are not nearly as bad on their distressed portfolio of homes.
Good luck to you in your search. By the way, all of us Realtors are struggling with this lack of inventory too!
Please let me know if I can be of any assistance.
Check out our SantaClaritaRealEstateForum.com blog for details on the SCV real estate market as a whole.