June 2010 Simi Valley Home Sales Are Unimpressive As Tax Credits Fails to Produce Stimulus Promised

Simi Valley June 2010 home sales might not have lost ground from 2009, but surely the point of the federal tax credits should have produced more than a gain of only seven homes in the detached category. Home sales year-over-year are not improving much at this point. The positive outlook is that the bottom the Simi Valley housing market hit in May of 2009 has not been retested. The massive volume of properties with nonperforming loans will continue to keep the reigns on this market. The climb out will continue to be slow and long drawn out. I've posted a more detailed reporting of the activity from June and this article June 2010 home sales report for Simi Valley detached homes.