Yesterday the U.S. Treasury played their April Fool’s Day trick early – they quit buying Fannie Mae & Freddie Mac mortgages! This program was instrumental in stabilizing interest rates throughout the country – many people said it subsidized home purchases by keeping interest rates too low. It’s too soon to say how it will affect interest rates but it is expected to raise rates by around an 1/8th of a point. On a $300,000 loan that would be about $23.00 a month more. If these predictions prove correct the change in policy won’t have much effect on home sales – good news! Meanwhile the inventory of La Crescenta homes for sale is still at record lows!
I couldn’t wait until the Friday caravan to see 8725 Mulberry Drive which overlooks the Angeles National Golf Club.
Located on a quiet cul de sac in one of Sunland CA premier neighborhoods, this remodeled home features a beautiful backyard with spa, deck and unbelievable view of the Angeles National Forest and the Angeles National Golf Club.
8725 Mulberry Dr Sunland CA is a 3 bedroom 2 bath home. Featuring upgraded kitchen and beautiful open living space, this home is move in ready.
Just a quick note to mention a great property I saw on Caravan yesterday. Located on a quiet, picturesque cul de sac in one of La Crescenta’s best school districts, this great home features a pool & a guest house. I drove amid the deodars up the quiet lane to 2377 Pickens Canyon Rd, La Crescenta. What a great property! Located on a huge lot with a 3 bedroom 2 bath home plus a full guest house, a pool, great landscaping, this home is move in ready! What a fabulous value.
Well, it has certainly been quite a while since I posted anything!
La Crescenta Real Estate sales have been very strong over the last several months. Over the next days and weeks I’ll bring you up-to-date on real estate sales & activity in the Foothills.
The two homes that really stood out on caravan this week were:
A great La Canada California View Home for Sale, and
A special value on a Shadow Hills Horse Property for sale.
First, on Tuesday I visited this La Canada Home – located at 334 Saint Katherine Dr is a beautiful opportunity. A fabulous view, a pool, tons of privacy and ready for you to update and remake into your dream home. For more information click on the link: La Canada View Home.
Today I checked out this Shadow Hills Estates home at 10053 Janetta Way. This home is an equestrian property in Shadow Hills on a 20,000 sq foot lot featuring a pool. For more information check out Shadow Hills Horse Property.
You can reach me by commenting in this post or calling.
Have a great Halloween!