


** READ REAL ESTATE NEWS BELOW
BOTTOM OF PAGE HAS CURRENT HOME LISTINGS
LOCAL MARKET 02/12/2010
This market is changing all the time. We are still seeing multiple offers many buyers are placing offers without seeing the property , so we have 3-8 offers or more on many properties.Mostly lower priced homes about 10%-20% below market,then offers are coming in higher.
We are told that in April we will see more repos hitting the market but remember we are down about 15% from last year repos, as the repos clear the market we will find it will be harder to find a home and buy it( this is 5 years down the road, once this happens we will see again new construction) The next three years we will see many opportunities to make money in Real Estate .
~ Come back next month for another update!~
The following is information that has been collected via
California Association of Realtors
Pending home sales rise 1 percent in December
NAR’s Pending
Home Sales Index (PHSI) increased 1 percent to 96.6 in December from 95.6 in
November, and is 10.9 percent higher than December 2008’s 87.1 index reading.
Although the index declined 3.8 percent to 119.9 in the West, which includes
California, it is 18.64 percent higher than December 2008.
“For several months now we’ve been seeing stabilization in all of the home price measures as inventory is pulled down,” said NAR Chief Economist Lawrence Yun. “As a result, the housing wealth for many middle class families has begun to stabilize.”
Home sales up, prices down nationwide
Home sales in 25 metro areas
increased 1.5 percent nationwide in November compared with the previous month,
and 46.7 percent compared with November 2008, according to a report by Radar
Logic Inc. Prices decreased 4.2 percent across all metro areas surveyed;
however, eight areas experienced year-over-year price increases. Half of the
areas with year-over-year price increases were in California, according to the
report. Radar Logic’s Residential Property Index (RPX), which measures changes
in the price per square foot of homes, shows that transactions increased in 9 of
the 11 months ending in November.
"Affordability measures are at their highest levels in years and home sales are moving toward normal levels. Nationwide, foreclosure sales have declined from 29 percent of total sales in November 2008 to 23 percent of sales in November 2009," said Michael Feder, president and CEO of Radar Logic.
California home permits declined 44 percent in
2009
California homebuilders pulled 36,209 permits statewide in
2009, a 44 percent decline compared with 2008, and 83 percent lower compared
with 2004, the peak of the current cycle, according to the California Building
Industry Association (CBIA). Last year also marked the second consecutive year
of record-low housing production in California, according to CBIA.
According to statistics compiled by the Construction Industry Research Board (CIRB), home builders pulled permits for 25,046 single-family homes in 2009, down 24 percent from 2008, while multifamily permits totaled 11,163, down 65 percent from the previous year.
Permits totaled 3,594 in December, a 23 percent decline compared with December 2008, but a 39 percent increase from November 2009. Single-family permits totaled 2,460, up 28 percent from December 2008 and up 39 percent from November, while multifamily permits totaled 1,134, down 59 percent from December 2008 but up 40 percent from the previous month.
At-risk FHA borrowers to receive early relief
assistance
Homeowners with loans insured by the Federal Housing
Administration (FHA) experiencing financial hardship now are eligible for loss
mitigation assistance prior to defaulting on their mortgage, the Dept. of
Housing and Urban Development announced Friday. Previously, borrowers with
FHA-insured loans were not eligible for such assistance until after they had
missed payments.
Program encourages borrowers to pursue loan modifications
Freddie
Mac and 13 national and local non-profit organizations recently announced the
launch of Freddie Mac Borrower Help Centers, including one in San Bernardino.
The centers are designed to encourage delinquent borrowers to pursue mortgage
workouts. At the centers, Freddie Mac borrowers will receive free, confidential
one-on-one mortgage counseling. The company also is launching a separate
Borrower Help Network which will offer similar counseling services over the
phone to targeted Freddie Mac borrowers.
Delinquent borrowers with a
mortgage owned by Freddie Mac can schedule free appointments by contacting the
Borrower Help Center in their area.
To reach distressed borrowers located outside of the initial target areas, Freddie Mac also is launching a separate Borrower Help Network consisting of eight national and local non-profit organizations. Together they are launching a national phone campaign to make contact with delinquent Freddie Mac borrowers who have stopped responding to their lenders. Counselors will provide free counseling, and help borrowers explore and understand their mortgage modification options.
Southern California Home Buyer’s Fair: March 13-14
Thousands of
potential home buyers are expected to converge the weekend of March 13 and March
14 at the Los Angeles Convention Center for the FREE third annual Southern
California Home Buyer’s Fair. The event is sponsored by the C.A.R. and the Los
Angeles Times.
The Southern California Home Buyer’s Fair, open 10 a.m. to 5 p.m., Saturday, March 13, and 11 a.m. to 4 p.m., Sunday, March 14, features more than 50 educational “how-to” seminars designed to help home buyers navigate today’s real estate market with confidence and peace of mind. Seminar topics range from understanding home prices and monitoring and fixing credit to applying for a mortgage and the importance of the home inspection. Several of the sessions also will be offered in Spanish.
The event is free to the public. In addition, the first 200 attendees each day will receive a free movie ticket (one ticket per person). Please help us make this event a success with consumers by promoting the Southern California Home Buyer’s Fair. C.A.R. has prepared a flyer members can share with clients at http://www.homebuyersfair.com/system/images/Consumer_Flyer.pdf. We also have created online advertisements (Web banners) for members’ use. Simply copy and paste the HTML code and place it on your Web site. Visit www.homebuyersfair.com/banner for more information.
CHECK WWW.RECOVERY.GOV
THE WHITE HOUSE WEB SITE FOR THE FULL BREAK DOWNS AND UPDATES ON THE STIMULI S PACKAGE
WHERE IS THE ECONOMIC STIMULUS MONEY GOING? SEE THIS LINK



Fontana-3 bedroom with one bedroom plus free standing unit --260,000 mixed use -very clean call Nadia for more info! 909-466-9994
|
|
Selling Real Estate for 17 years let me help you make the right move- Helping buyers and sellers in the Southern California area and Inland Empire the UPLAND, SAN ANTONIO HEIGHTS, RANCHO CUCAMONGA, ALTA LOMA, TERRA VISTA, VICTORIA, ONTARIO, CREEKSIDE, CLAREMONT, POMONA,RIALTO,COLTON,COVINA, WEST COVINA, VALINDA, LA PUENTE, CORONA, NORCO, PEDLEY, MIRA LOMA, RIVERSIDE, MORENO VALLEY, SAN BERNARDINO AND SURROUNDING AREAS.
Buyers and Sellers get step by step help with over 300 transactions under my belt I can help you make all the right moves- I keep in touch with you --I check my e-mail 3 times a day and respond quickly to all e-mails and phone calls- Wondering what your home is worth? Thinking maybe to sell?
When you list your home with me --you get full exposure and advertising of your home! We place your home on MRMLS, MLS
Once on the market I send you updates with all the activity on your home!
If you need to get your home ready for sale and you do not know where to start--I can send you a check off list--also provide you with a video on getting your home ready for sale.very helpful!!!Just call! BEST TO YOU ALL!~~~~Nadia Please see this link for my updated listings via MRMLS http://www.mrmlsmatrix.com/Matrix/HTMLReport.aspx?c=AAEAAAD*****AQAAAAAAAAARAQAAAE8AAAAGAgAAAAQyNTAxBgMAAAABMQYEAAAAAjEzBgUAAAABMQYGAAAAAzY4Ng0CBgcAAAACODYNBgYIAAAAAi0xDQsGCQAAAAIxMAYKAAAAATANBAYLAAAABjBvw5PCvAYMAAAAAjc1CgYNAAAAATANKws
|

HELPING YOU WITH YOUR REAL ESTATE NEEDS!-OVER 300 HOMES SOLD! EXPERIENCE DOES COUNT! BUYING OR SELLING A HOME ,I CAN HELP YOU!
CALL 909-466-9994,THANKS AND HAVE A WONDERFUL WEEK!