I am sure that by now, anyone that has been watching the news, reading the papers and reading realestate blogs such as this...they know that interest rates are at an all time low and housing is becoming affordable to those that thought they would never obtain the dream of homeownership, but I just read in the Sunday paper more good news....
LISTEN UP FIRST TIME HOME BUYERS IN MENIFEE AND TEMECULA VALLEY!!!
HERE'S THE GOOD NEWS............
In November of 2006 the median price of a home in Riverside and San Bernardino Counties peaked at $405,500. As of March, 2009 prices have plunged more than 57 percent!!!
This means you can now buy that same house for $173,000! And don't forget that $8000 TAX CREDIT!
MORE GOOD NEWS!
Additionally, 30 year fixed interest rates are now 4.82%, down from 5.88% just one year ago!
I'M NOT DONE YET!...I SAVED THE BEST FOR LAST....!!!
The most astounding news I have to tell you is according to a USC Real Estate Economic Forecast, with the combination of home pricing and low interest rates being at all time lows, the monthly house payment is approaching the AVERAGE RENT in the Inland Empire!! WOW! If that isn't a great reason to buy, I don't know what is!
If you are contemplating on purchasing your first home and have questions about the home buying process, please give me a call today for a no obligation consultation.
I am a full time agent and assist buyer and sellers in the complete sales process. I specialize in working with first time buyer's and list and successfully close Short Sale transactions.
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