Down payment amounts in Santa Clarita real estate are on the rise and lacking inventory is to blame

Hi, I'm Connor with Honor - message me here! Connor MacIvor gives his Santa Clarita market update for September 20, 2024, with a seven day snapshot. 88 new properties came on, 76 had price changes, 22 came back on market, 42 went active under contract, 48 went pending and 46 closed. Total inventory stood at 535 active homes. He talks about mortgage rates sitting at 6.2 percent on the 30-year fixed, why buyers are slow to react, and why affordability and under-building matter. He cites KPMG's...