NADIA M MEDINA
CENTURY 21 PRESTIGE PROPERTIES
255 W FOOTHILL BLVD #100
UPLAND CA 91786
NADIA@NadiaSellsHomes.com
909-466-9994
www.NadiaSellsHomes.com
909-466-9994
Helping you with all your Real estate Needs!
909-466-9994
Helping you with all your Real estate Needs!
Your Subtitle Text
www.NadiaSellsHomes.com
07/08/2010
909-466-9994
Nadia Medina
INLAND EMPIRE,UPLAND,RANCHO CUCAMONGA,ONTARIO,POMONA,
CLAREMONT
FONTANA,RIALTO,AND SURROUNDING
AREAS,
I AM HERE TO HELP YOU!
07/08/2010
909-466-9994
Nadia Medina
INLAND EMPIRE,UPLAND,RANCHO CUCAMONGA,ONTARIO,POMONA,
CLAREMONT
FONTANA,RIALTO,AND SURROUNDING
AREAS,
I AM HERE TO HELP YOU!
** READ REAL ESTATE NEWS BELOW
BOTTOM OF PAGE HAS CURRENT HOME LISTINGS
Market is very up and down loans are becoming more difficult
Appraisers are bringing in the values low
Summer is a bit slow but there is activity
Many cash Buyers
Many family help options--Wells Fargo has a program where 20% can be a gift! So Buyers can buy Conventional
There is less FHA buyers
~ Come back next month for another update!~
** READ REAL ESTATE NEWS BELOW
BOTTOM OF PAGE HAS CURRENT HOME LISTINGS
The following below is information that has been collected via
California Association of Realtors
Homebuyer Tax Credit
(June 30, 2010) Congress has passed an extension of the Homebuyer Tax Credit closing deadline, the Homebuyer Assistance and Improvement Act (H.R. 5623). The extension applies only to transactions that have ratified contracts in place as of April 30, 2010 that have not yet closed. The legislation is designed to create a seamless extension. The new closing deadline for eligible transactions is September 30, 2010. There will be no gap between June 30 and the date the President signs the bill into law. NAR worked closely with Congressional leaders on both sides of the aisle to enact this important legislation. Extending the Tax Credit Closing deadline will help provide additional stability to real estate markets across the nation.
President Obama signed a bill this morning extending the closing deadline for the federal home buyer tax credit to Sept. 30, 2010. The bill is retroactive and covers the lapse period from June 30, 2010 to the date of enactment of the extension. Congress passed the bill earlier this week.
Nearly 180,000 home buyers would have missed out on the tax credit had Congress and the president not taken action to extend the deadline to close escrow. Estimates from NAR show as many as 17,700 home buyers in California would not have received the tax credit without the extension.
More info: http://www.realtor.org/home_buyers_and_sellers/2009_first_time_home_buyer_tax_credit
Quick Facts:
. Existing, single-family home sales
increased 1.2 percent in May to a seasonally adjusted
rate of
552,800 units on an annualized basis compared with May 2009.
.
The statewide median price of an existing single-family home increased
23.2 percent in
May to $324,430, compared with May 2009.
.
C.A.R.’s Unsold Inventory Index remained unchanged at 4.6 months in
May.
LOS ANGELES (June 22) – Home sales increased 1.2 percent in May in California compared with the same period a year ago, while the median price of an existing home rose 23.2 percent, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.
“Home sales posted their third largest increase on record for May, due in part to first-time home buyers who timed the open and close of escrow in order to capitalize on both the federal and state tax credits,” said C.A.R. President Steve Goddard. “May also marked the fifth month of double-digit gains in the median price, indicative of strong buyer demand relative to the supply of homes for sale. With a 4.6-month supply of homes for sale, unsold inventory continues to be well below the long-run average of seven months, and will continue to drive price appreciation over the next several months.”
Closed escrow sales of existing, single-family detached homes in California totaled 552,800 in May at a seasonally adjusted annualized rate, according to information collected by C.A.R. from more than 90 local REALTOR® associations statewide. Statewide home resale activity increased 1.2 percent from the revised 546,490 sales pace recorded in May 2009. Sales in May 2010 increased 14.1 percent compared with the previous month.
|
Peak vs. Current Price – May 2010
“The number of escrows opened in May fell 16.9 percent compared with April. This was consistent with our expectation that activity may decline once the federal tax credit deadline had passed, “said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. “Although there may be a lessening of demand compared with the first half of this year, the number of escrows opened on a year-to-date basis is about the same as last year, and sales for all of 2010 will be on a par or slightly below last year.” Unsold Inventory Index (Months)
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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
http://www.recovery.gov/?q=content/investments
Taking Back-up Offers~~ UPLAND 3 BEDROOM WITH ATTACHED ONE BEDROOM SUPER CLEAN 314,500 SEE LINK BELOW FOR MORE PHOTOS GRANITE COUNTERS
Taking Back-up Offers~~ UPLAND 3 BEDROOM WITH ATTACHED ONE BEDROOM SUPER CLEAN 314,500 SEE LINK BELOW FOR MORE PHOTOS GRANITE COUNTERS
PLEASE SEE
LISTINGS BELOW
NOW AVAILABLE IN ONTARIO 7 units -1,349,000.00
bring offers~~~~~
The following below is information that has been collected via
California Association of Realtors
Entry-level housing affordability remains at 64 percent
The percentage of households that could afford to purchase an entry-level home in California remained at 64 percent in the fourth quarter of 2009, compared with 61 percent for the same period a year ago, according to a report released Friday by C.A.R. C.A.R.’s First-time Buyer Housing Affordability Index (FTB-HAI) measures the percentage of households that can afford to purchase an entry-level home in California.
The minimum household income needed to purchase an entry-level home at $257,940 in California in the fourth quarter of 2009 was $44,100, based on an adjustable interest rate of 4.5 percent and assuming a 10 percent down payment. First-time buyers typically purchase a home equal to 85 percent of the prevailing median price. The monthly payment including taxes and insurance was $1,470 for the fourth quarter of 2009.
At $44,100, the minimum qualifying income was 4 percent lower than a year earlier when households needed $45,900 to qualify for a loan on an entry-level home. Home prices remained below peak levels, resulting in an improvement in housing affordability compared with the previous year.
Foreclosures decrease 10 percent in January
Foreclosures decreased 10 percent in January compared with December, according to RealtyTrac®’s monthly foreclosure market report. Foreclosure filings were reported on 315,716 U.S. properties in January, a 10 percent decrease compared with December, but up 15 percent compared with January 2009. The report also found nearly one in every 409 U.S. housing units received a foreclosure filing in January.
Foreclosure activity in California decreased 10.77 percent in January compared with December, with one in every 187 housing units receiving a foreclosure filing, according to the report. Six California cities registered foreclosure rates among the top 10 in the nation: Modesto, one in every 107 housing units; Stockton, one in 107; Riverside-San Bernardino-Ontario, one in 109; Merced, one in 109; Vallejo-Fairfield, one in 112; and Bakersfield, one in 118.
Sales of existing homes increased 13.9 percent nationwide in Q4
Sales of existing homes, including single-family and condos, increased 13.9 percent to 6.03 million units in the fourth quarter, compared with 5.29 million units in the third quarter, according to a report by NAR. Sales also were 27.2 percent higher than the fourth quarter of 2008. Distressed properties accounted for 32 percent of fourth quarter transactions, a decline from 37 percent a year earlier.
The national median home price for existing, single-family homes was $172,900 in the fourth quarter, a 4.1 percent decrease compared with the fourth quarter of 2008. In the West, which includes California, existing-home sales increased 16.2 percent in the fourth quarter to an annual rate of 1.38 million units, 18.2 percent higher than a year ago, according to the report. The median home price of existing, single-family homes in the West was $227,200, a decline of 8.9 percent compared with the fourth quarter of 2008.
NOW AVAILABLE IN ONTARIO 7 units -1,349,000.00
bring offers~~~~~
CENTURY 21 PRESTIGE PROPERTIES
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!
One Bedroom 1 Bath Historical Ontario CALIF 825.00
Welcome Home! (Apartment for Rent)
Location: DOWNTOWN ONTARIO
Price: $825.00 per month
Bedrooms: 1 Bathrooms: 1
7 units Ontario 91762 Calif 4 bulidings 1,345,000.00- (House for Sale)
Location: Ontario, CA
Price: $1,349,000.00
Bedrooms: 7 Bathrooms: 7
5 UNITS ONTARIO 825,000.00 Multi Family Apt for sale (House for Sale)
Price: $825,000.00
Bedrooms: 7 Bathrooms: 5
Beautiful Historical Ontario 2-story Commerical on Euclid
(Office for Lease)
Location: Ontario
Price: $8,500.00 per month
Square Footage: 11500
Ontario On Euclid! Larger 3 bedroom Craftsman home (House for Rent)
Location: Ontario
Price: $1,695.00 per month
Bedrooms: 3 Bathrooms: 1.5
All information in this site is
deemed reliable but is not guaranteed and is subject to change
