Tri-level remolded 60′s home on approx 80% of an acre. Beautiful spread in secluded Country Club area of Redlands. Panoramic views will delight and enchant you. Children get the best education by attending Redlands Distinguished Schools. Property includes lush, full shade trees and sweet citrus fruits.
Tags: home for sale, home owner, real estate, Redlands country club home for sale, redlands realtor, short sale, stop renting, yucaipa realtor
Tags: first time buyer, home for sale, low payment, new listing, real estate, real estate yucaipa, redlands realtor, short sale, stop renting, yucaipa realtor
Homeownership Makes $ense .. Part II
Last month’s Post discussed the Rent vs Buy logic in our local market. It does make sense! This month I want to share some quotes from the ‘experts’ regarding the health of the Real Estate market… both locally and nationwide.
Beacon Economics “Forecasting a steady but prolonged recovery for California”
Moody’s Analytics “Housing is the most affordable it has been in decades”
Prudential Relocation Services “According to a recent survey….86% [buyers and sellers] believes that real estate is still a good investment”
United States Conference Board “The consumer Confidence Index is now at a three-year high”
Mortgage Rate Trend Index by Bankrate.com “This week (March 24-March 30) the panelists were evenly split (at 47%) among those who believe rates will rise and those who think they’ll (interest rates) remain unchanged. A scant 6 percent believes mortgage rates will fall.
Almost half of all mortgage lenders believes rates will begin to rise next week… virtually all agree that rates will rise very soon. If you know someone who is thinking of buying AND taking advantage of historical low rates … now is that time and I can help!
Extra, Extra !!! My California Association of Realtors (CAR) has just launched this new site today! shortsalescalifornia.org. It is a great consumer resource for Short Sale advice and information.
Tags: first time buyer, home owner, homeowner, real estate, real estate yucaipa, redlands realtor, rent vs own, rental, short sale, stop renting, yucaipa realtor
Homeownership Makes $ense
Owning a home is a dream for many, but does it make financial sense? Last week, Trulia released its national survey of Rent vs. Buy and found that, in 72% of the nation, the monthly payment to own a home was less expensive versus renting the same house. We all know that real estate, generally, is more expensive in Southern California compared to most of the country. So what does the Rent vs Buy look like here? In Yucaipa/Calimesa, the average 3 bedroom, 1500sqft home sold last month for $155,000. The FHA payment for this house @ 4.75% is $ 1111.00/month… fixed rate! The rents for this house range from $1300 – $1700. And….. a 2 bedroom is selling for $110,000 with a monthly payment of $ 788.00 versus rents of $850-$1100. Call me if you, or someone you know, would benefit from a ‘rent vs buy’ analysis!
Tags: first time buyer, home owner, homeowner, real estate, real estate yucaipa, redlands realtor, rent vs own, rental, stop renting, yucaipa realtor
Today’s HOT news item:
By now, you may have heard about historically low interest rates. This IS true. FHA started in 1934 with a mortgage interest rate of 5%. From 1939 thru 1950, that rate was a stable 4.5%. The highest FHA rate was in 1981 at 17.5%. Today, that FHA rate is 4.25%!! What this means is a 30 YEAR FIXED RATE payment on $180,000 loan is less than $900.00/month [Principle & Interest] Toss in taxes and insurance and it still is less than rent. Better than that is how amazed you’ll be to see what $180,000 – $200,000 will buy in today’s market! In addition, this rate is available for rate/term refinancing to lower monthly payments or your loan term to 15 years! The savings can be huge. Call me for more information and please pass this along to family and friends.
Tags: first time buyer, forclosure, home owner, homeowner, real estate, real estate yucaipa, redlands realtor, rental, yucaipa realtor