909-466-9994
Helping you with all your Real estate Needs!
06/13/2009
909-466-9994
Nadia Medina
INLAND EMPIRE,UPLAND,RANCHO CUCAMONGA,ONTARIO,POMONA,
CLAREMONT
FONTANA,RIALTO,AND SURROUNDING
AREAS,
I AM HERE TO HELP YOU!
LOCAL MARKET 6/13/2009
Well.... Homes have dropped to less then what it would cost to build . There is multiple offers on any home that is priced right in this market. Appraisers are using repo sales on all appraisals. That means if you are a normal seller and their is a buyer an appraiser comes in to determine value. ( Buyer pays for appraiser- for a new loan on the property)
U.S. Dept. of Housing and Urban Development (HUD) Secretary Shaun Donovan recently announced that the Federal Housing Administration (FHA) will allow home buyers to apply the administration's new $8,000 first-time home buyer tax credit toward the purchase costs of a FHA-insured home. The American Recovery and Reinvestment Act of 2009 offers home buyers a tax credit of up to $8,000 for purchasing their first home. Families can only access this credit after filing their tax returns with the IRS. Home buyers using FHA-approved lenders can apply the tax credit to their down payment in excess of 3.5 percent of appraised value or their closing costs, which can help achieve a lower interest rate.
Currently, borrowers applying for an FHA-insured mortgage are required to make a minimum 3.5 percent down payment on the purchase of their home. Current law does not permit approved lenders to monetize the tax credit to meet the required 3.5 percent minimum down payment, but, under the terms of the announcement, lenders can now monetize the tax credit for use as additional down payment, or for other closing costs, which can help achieve a lower interest rate.
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
OWNER FINANCING 134,900 AVAILABLE
4 BEDROOM 2 BATH 3 STORY ARROWBEAR CABIN 1334 SQ FT
8 MILES FROM LAKE ARROWHEAD 1 MILE FROM SNOW SUMMIT
45 minutes from Rancho Cucamonga
FONTANA UNITS 349,000 CALL 909-466-9994
ZONED COMMERCIAL OR MIXED USE--
LIVE AND WORK ONE STOP SHOP
New-home inventories continue to fall
The number of newly
built single-family homes on the market declined to 297,000 units in April,
their lowest level since May 2001, according to a recent report by the U.S.
Dept. of Commerce. The pace of new-home sales, at a seasonally adjusted annual
rate of 352,000 units, was nearly unchanged compared with the previous
month.
“The fact that the new-homes
inventory is now below the 300,000 mark shows that builders have made
substantial progress in winnowing down their backlogs to a much more comfortable
level,” said Joe Robson, chairman of the National Association of Home Builders
(NAHB). April’s results mark two consecutive years of monthly declines in the
number of unsold new homes.
Sales of newly built, single-family homes recorded a marginal 0.3 percent gain to 352,000 units in April compared with March, while the inventory of new homes for sale declined 4.2 percent to 297,000 units--a 10.1-month supply at the current sales pace.
Consumer confidence rose to 40.8 in May compared with the previous month and now stands at 54.9 (1985=100), according to a report released yesterday by The Conference Board. The Board’s Present Situation Index increased to 28.9 in May from 25.5 the previous month, while its Expectations Index rose to 72.3 this month compared with 51.0 in April
“Continued gains in the Present Situation Index indicate that current conditions have moderately improved, and growth in the second quarter is likely to be less negative than in the first,” said Lynn Franco, director of The Conference Board Consumer Research Center. “Looking ahead, consumers are considerably less pessimistic than they were earlier this year, and expectations are that business conditions, the labor market and incomes will improve in the coming months. While confidence is still weak by historical standards, as far as consumers are concerned, the worst is now behind us."
Consumers' short-term outlook improved significantly in May, according to the report. Those expecting business conditions will improve over the next six months increased to 23.1 percent in May from 15.7 percent in April, while those anticipating conditions will worsen declined to 17.8 percent this month compared with 24.4 percent in April.
NOW AVAILABLE IN ONTARIO 7 units
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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
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