Patricia Rocha, real estate associate at the Realty World All Stars brokerage in Alta Loma-Rancho Cucamonga is the listing agent for this Fontana Home on Presidio Court. It was recently featured with a 4 page photo spread in the All Stars Insider Magazine. See more of this lovely home at www.AllStarsInsider.com
Harry Hall of the Realty World All Stars real estate brokerage is the listing agent for this Fontana Home that was recently featured in the All Stars Insider Magazine. See more at www.AllStarsInsider.com
On the Cover of this month’s All Stars Insider of Homes for sale in Southern California
5988 Kirkwood Avenue
3,000+ sf inside
At the double-door entry, a staircase rises dramatically toward the sleeping quarters…
This pretty much says it all. People who own homes achieve greater personal wealth than for those who rent. It isn't a coincidence.
We're very pleased to present our newest online magazine of homes for sale in Southern California and the Inland Empire. This issue features homes in Rancho Cucamonga, Alta Loma, Upland, Fontana, Rialto, San Bernardino, Chino and surrounding areas of Los Angeles, Riverside, and San Bernardino Counties. There are
The results are in and they are looking great for those who have been thinking about buying a home. Existing sales are strong (that means prices are lowest now), the number of homes in escrow is even higher than in June (that means sellers are accepting offers from smart buyers who are not "waiting for next year"), money is readily available for lending, and banks are loosening credit score requirements which means it is the easiest it has been in a long time to get a home loan! Prices are Not Decreasing - More Money is Available - A strong Lending Market... everything a home buyer needs.
Here are four great reasons to consider buying a home today instead of waiting.
1. Prices Will Continue to Rise
The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report released recently projects appreciation in home values over the next five years to be between 11.2% (most pessimistic) and 27.8% (most optimistic).
The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.
2. Mortgage Interest Rates Are Projected to Increase
Although Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have softened recently, most experts predict that they will begin to rise later this year. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are in unison projecting that rates will be up almost a full percentage point by the end of next year.
An increase in rates will impact YOUR monthly mortgage payment. Your housing expense will be more a year from now if a mortgage is necessary to purchase your next home.
3. Either Way You are Paying a Mortgage
As a recent paper from the Joint Center for Housing Studies at Harvard University explains:
“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”
4. It’s Time to Move On with Your Life
The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.
But, what if they were not rising? Does it really make sense to wait?
Look at the actual reason you are buying and decide whether it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer or you just want to have control over renovations, maybe it is time to buy.
If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.
A Realty World ALL STARS Agent is experienced, well-trained, and a sharp negotiator. Put one on your team.
Karla & Joe
We're the owners of Realty World ALL STARS and we play an active, hands-on role in the operation of our company. We'll be glad to help you find the right agent to assist you in your real estate needs.Feel free to call us direct or send us a message.
Realty World ALL STARS
9520 19th Street
Rancho Cucamonga, CA