Share this Article:

Agents Hope for a Steady Stream of Homes in 2010

Category: Real Estate News | Permalink

Published: Friday, January 22, 2010

takes pride in community and knowledge of your area to work in the Inland Empire. Reliable Realty Agents are determined to help you find a home, even though it may not seem an intuitive choice to make right now. Here�s why good time to buy in Riverside County:

Real estate experts say that the housing market will begin to (slowly) rally in 2010. According to several reports on housingwire.com, a new inventory of homes steadily released to the market should help to continue stabilize home prices.

A �shadow inventory�, or homes that have gone into foreclosure but are not yet listed, is set to be released soon in 2010. Radar Logic, a real estate data and analytics company, believes that the housing market may even improve this year, now that �banks have been relieved of the urgent need to liquidate their assets.� Jon Prior, a reporter for housingwire.com, believes that the best bet would be for this inventory to be introduced at a steady rate into a market that is, despite all trend reports, not doing too badly.

Even in the Inland Empire, where market rates have remained sluggish since a hard hit in 2008, first-time buyers and investors are competing for listed homes and submitting multiple offers on the same property, a frustrating challenge for some homebuyers, but it means that home values are being driven up in areas like Murrieta, Temecula, Riverside and Moreno Valley.

Real estate in the Inland Empire seem to have bottomed out, according to a blog by Alma Jill Dizon, and Inland Empire Real Estate Agent, and are slowly on the rise again. Patience is needed at this time, and so is careful planning, but it will pay off in the long run, and it can be a good time to be thinking about a home purchase.

There are some downtrends to consider: unemployment rates have remained at a steady rate of 10%, and many job seekers have stopped looking for jobs, according to an article in the LA Times on January 9, 2010 by Don Lee and Peter Nicholas (Unemployment rate stays at 10% in December, but job losses are more than expected)

However, politicians and professionals are digging their heels in to make sure that another economic crisis does not occur. In the Inland Empire, this means that while the economy may not bounce back right away, there is speculation that the Inland Empire will see a rebound at the end of 2010, with a gradual positive upturn in 2011. It�s a great place to live, and even if it is rallying slowly, the Inland Empire will come back stronger than ever.

If you�re interested in a home purchase, you don�t have to navigate alone! Speak with one of our Agents at Reliable Realty, and they�ll guide you through the purchase of your home with skill and confidence.

Call today at 951-696-9090 or 1-800-435-8013 about planning for a purchase in Riverside County!