Monthly Archives: March 2016
Real Estate Facts You May Have Never Pondered
Home is where the heart (and equity) is: 61.4% of the average American family’s net worth is in home equity. So your financial value is pretty much based on the property you own. A homeowner’s net worth is over thirty times greater than that of a renter. So this is a great reason to buy. If you decide to list your house, time it, …
I’m Almost Certain You Didn’t Know This
Let’s not lie to ourselves… In my quest for the perfect and most informative blog, things can get a little redundant and boring. John Q Reader isn’t going to search for a real estate blog unless he/she is actively involved in real estate or they are currently in the market. That’s why I like to mix it up a little from time to time …
The investors have done their job!
After years of stimulating the economy, it looks like investment buyers might be leaving the Inland Empire housing market for now. Of course they will always be around, but with home prices rising, they have done their job of stimulating the Inland Empire’s housing market. Without the constant buying, flipping, selling involved, we might have never recovered. Cash sales accounted for 24% of all …
California Making Tough Times Easier for Families
Gov. Jerry Brown has signed a bill to simplify the way Californians pass homes down to their kids, unmarried partner, friend, or loved one before they die. The law, which takes effect Jan. 1, 2016, will allow residential real property to be transferred upon death with a simple form. California state Assemblyman Mike Gatto, D-Glendale, who created AB139, says the new legislation will help …
Get yours now! There is a still a housing shortage in ...
California’s housing market will continue improvement in 2016, but a shortage of housing and lack of affordability in some areas will continue. The forecast sees an increase in existing home sales of 6.3 percent to reach 433,000 units next year, up from the projected 2015 sales figure of 407,500 homes sold. Sales in 2015 also will be up 6% from the 383,300 existing, single-family …
Due to Recent Developments Buyers Have Better Chances ...
There has been a lot of good traction for Mortgage Loans in the last couple weeks. Ellie Mae’s latest Mortgage Credit Availability Index report is stating that buyers are finding it easier to get pre-approved and pre-qualified for loans on homes. The index reading has gone up since July. In basic terms, lending standards are relaxing a little more. The report says more than …
The American Art of Cocooning
What is cocooning? Wiki defines it as “Cocooning has been in our bank for thirty years. That’s how early we discovered cocooning, and cocooning is about staying home, creating a safe place around you.” They go a little further to give specific examples. What I was referring to was more geared toward our main topic of interest: Real Estate. In real estate we have …
Growth in the IE for Real Estate Means Growth in Econo...
The good news continues! The Inland Empire (IE) real estate market, residential as well as industrial, is stable and showing growth. Buying and selling homes and business in the IE stimulates another area that needed to continue its rise: employment. Now, unemployment in the IE dropped from 8.2% to 6.5% this year. There is an increase in non-farm employment of 47,300 in the past …
Real Estate Market in Southern California
Right after I began in Real Estate, there was a “gold rush”. I received my license at the beginning of 2006 because a friend talked me into it. Neither of us, nor anyone else for that matter, had any idea what was about to happen. We saw an unprecedented market in Southern California. Not only was there a great demand for housing, prices were …