Did you know that it's the second day for the FED pre-Christmas meeting and they may have one more thing for your home buying stocking?  Not like coal, this Christmas stocking stuffer is not a good thing unless you happen to be Grinch.

If you are a home buyer that is approved for a home loan of $500,000.00 at the current interest rate, if they go up .5% of 1/2 a point, you will lose $50k in buying power. You are now, rough numbers and in approximations, approved at $450,000.00.

What is that going to do to home prices? Maybe nothing is we stick with the current real estate inventory in the Santa Clarita Valley that I have been reporting on each and every Monday. We are still very low and our absorption rate for real estate is about 1/2 a healthy market.

Absorption rate - this is the time it would take to sell all real estate inventory at the current pace. That is if no other homes or estates were added to the current housing and real estate market. With the holiday slow down, Santa Clarita real estate is at about 3 months of inventory if no new listings were added, at our current pace.

When the absorption rate gets double that figure, at 6 months, we are in a more balanced market.

Currently, we are still in a seller's market. Although there is limited inventory on the market for sale, we still have buyers that are busying working with me and my team who want to buy during the holidays.

If we were to find you a home today, December 19, 2018, and we wrote the offer for you and had that offer accepted and confirmed by December 21st, you would probably close somewhere close to the end of January 2019. That closing date depends on your loan and also depends on your lender's ability to close those loans. The end of January 2019 would be your move-in date.

If you are a veteran and using a Veterans loan, you may be a bit later than that. If you are conventional 20% down the home buyer, you may be shorter than that.

When you are ready, I will be here for you. Make sure you check out the top Santa Clarita real estate website, which if you are reading this, you have already found.

I have a real estate radio show that I produce each Monday with some other "focused" real estate shows throughout the week. Such as our Foreclosure Wednesdays broadcast. We have our Finale Friday's Broadcast as well, sold Saturdays and our Open House Sunday's radio show.

I'm Connor - check me out by asking Google about me and I'll be here when you are ready to have your real estate Won and not just done.

.25% - 1/4 point increase per NPR...