Are you thinking of buying a fixer-upper? Buying a fixer is a great way to save some money when you buy a home, but it is also a great way to lose your shirt. [Read more…]
Well, supposedly we’re in a “full-force” recovery, but it does not mean that we are anywhere close to our 2001-2005 economic levels. There is a still a long row to hoe… But we ARE definitely going in the right direction. http://www.sbsun.com/government-and-politics/20131009/inland-empire-economic-recovery-in-full-force-professor-tells-conference
Not sure exactly how this will pan out, but Wells Fargo is pouring several million $$’s into housing assistance for inland communities hit hard by the recession. The program is primarily designed to assist lower income families buy homes in some of the five identified cities’ neighborhoods.
The market has definitely picked up quickly since the onset of the new year. Buyers clamoring to get into the market before the inevitable interest rate rise have the flooded the residential market. It is interesting to note that industrial real estate markets are also booming. As the LA Times article will illustrate, large online/warehouse companies are expanding into the vastness of the Inland Empire bringing new construction, jobs and revenue. Check it out: http://articles.latimes.com/2013/apr/12/business/la-fi-commre-industrial-boom-20130414
As our team has been discussing for several months now, the only real thing that will ease pressure off of the real estate market’s lack of current inventory is…more inventory. New home building is starting to take off as builders are recognizing that it is once again profitable to build homes. This summer promises to be one of the best times to sell a home if you’re a homeowner looking to off-load some property. http://www.globest.com/news/12_598/orangecounty/development/Massive-Master-Planned-Parcel-Sold-332994.html We can assist. Call us!
We all saw it happen. Rental rates soared through 2006 and in tandem harmony, precipitously plunged with the real estate market crash of 2007/2008. For those of us who navigate the rental market, we knew rents would eventually recover. But when? It looks like the wait is over. Recent trends are supporting that rental rates in most counties are climbing and will continue to climb in most SoCal counties. The LA Times has weighed in on it. Click the article below to read for yourself: http://articles.latimes.com/2012/apr/12/business/la-fi-rental-forecast-20120412
If you’ve been wondering if NOW is the time to buy, you’re right! Prices and interest rates are the lowest they’ve been in most of our respective lifetimes. If you’ve been able to protect your credit and have a steady income, NOW is the time for you to BUY! Check out our mortgage calculator. You’ll be surprised at what you can afford.
Many of you are wondering, “is the real estate market rebounding?”. Well, we’re starting to see substantive evidence to corroborate that. Several key indicators are pointing to a rise in activity AND prices that are boding well for a market that blew its bottom off six years ago. Does this mean another boom is on the horizon? Is speculation driving the market? Please read: http://www.latimes.com/business/la-fi-home-prices-20130130,0,6688012.story http://www.recordnet.com/apps/pbcs.dll/article?AID=/20130117/A_OPINION01/301170315/-1/A_OPINION
Well, the new revisions are in for qualified mortgage guidelines (remember Dodd-Frank?) and particularly how they relate to Homeowners Associations. If you plan on buying a home in a HOA, you should read how these new guidelines will affect your buying power. Better yet, call us and we’ll walk you through it! http://www.caionline.org/about/press/Pages/NewMortgageGuidelinesReleased.aspx
May you and your family enjoy this Holiday Season! We at WSR wish you the very best this New Year has to offer!!