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Agents Hope for a Steady Stream of Homes in 2010Category: Real Estate News | Permalink Published: Friday, January 22, 2010
takes pride in community and knowledge of your area to work in the 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, 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 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 Other Recent Articles1.) Before agreeing to handle a task from a client: Make sure that you're the most qualified person to deal with it. If a client wants to appoint you for a task beyond your field of knowledge, suggest someone else who could carry out the task better rather than putting your reputation at risk. Who knows, maybe later down the line that same client will call and seek help in your area of expertise. 10 Important Tips to Successful Real Estate InvestingCategory: Real Estate News Published: Monday, July 12, 2010 1. Compare property values and rents: The best way to determine the market vaulue of the property is to find out the selling prices of nearby properties in the community. The same applies to properties for rent. A low cost is regularly justified by a sensible rent; renters who can meet the expense of a higher rent can afford to buy as an alternative, so reasonably priced rent is a must. Studies Say Minorities Hurt More By ForeclosuresCategory: Real Estate News Published: Monday, July 05, 2010 According to a new study, recent African-American and Latino home borrowers were highly more likely to lose their homes to forclosure than those who are non-Hispanic whites throughout the continuing housing crisis, regardless of their income. As their income increased, in fact, minority horrowers foresaw the probability of foreclosure growing even larger in contrast to non-Hispanic white borrowers in the identical income group. Tax Credit Closing and Flood Insurance ExtensionsCategory: Real Estate News Published: Thursday, July 01, 2010 Today the National Association of Realtors praised Congress for the passing of two bills to extend the home buyer tax credit closing deadline and reauthorize the National Flood Insurance Program. Both of the bills cleared the House beforehand and were accepted by the Senate last night. THe bills are now headed to the president for his signature. Credit scoring is very important to the mortgage process. Behind the situation, a battle is rampaging over who can place claim to that process. The Fair Isaac Corp (FICO) was rejected a new trail concerning what it claims to undoubtedly be it's trademark; the act of rating an individual's credit on a scale of 300 to 850. Call Us Today!
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