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Home prices are very low in the Covina area. A nice entry level home is around $ 325,000. Assuming a down payment of 3.5% and an interest rate of 4.25% the mortgage payment (principal and interest) would be approximately $ 1,543 with tax and insurance it would be close to $ 2,000. Don't forget the tax benefit.
Rent in the area for an average home is a little over $ 1,800 and there is no tax benefit.
After the tax benefit the monthly mortgage is likely a little less than rental in the area.
I think that with such low home prices and low interest rates, buying far outweighs renting.
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There was an article in the news recently that says that according to Barclays Capital there may be a tri0ple dip in real estate prices coming this winter.
This is not great news if you are planning on selling but it is great if you want to buy.
In Covina we hit a low price in February 2009 and than lower in February 2011. In between the prices moved upo and down in about a 5% range.
See the report here: http://www.teamszucs.com/CovinaHomeSalesActivity.
Where do you think prices will go from here?
you cna read the article here: http://www.linkedin.com/news?actionBar=&articleID=842933165&ids=0Rc30Pd3AUd3wIdjsQdzgMcPgUb3oVejoUdPcPe2MRdz4PcPAOd3wIdj8Oe3wUd3cU&aag=true&freq=weekly&trk=eml-tod-b-ttle-44&ut=30TS6X9FsDrkY1
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Into every person's life a change is necessary. Who said that? I'm not sure but it is true, not easy, but true. I've severed ties with my former broker and I'm now associated or affiliated with Century 21 Americana.

The goals of Century 21 Americana are very high, and these goals are anchored by timeless values. Values such as kindness, honesty, and courtesy and because of these values, couple with your ability to buy or sell real estate, dreams turn into reality. Why not see for yourself? Call me 626 862-6227 or come on into the office where the atmosphere is friendly and pleasant.

Office hours are:
Monday — Friday 9:00 a.m. – 7:30 p.m.
Saturday – 9:00 a.m. – 5:00 p.m.
Address: 527 E. Rowland St. Ste 100, Covina, CA 91723.
Cell: 626 862-6227
Office: 626 967-4355
Come on over and let us work on your dream because home is the most important place to be, "There is no place like home"!
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My partner Ralph and I donated $100 in supplies for our American Cancer Society's Relay For Life Smoothie Sales this weekend
This weekend we were part of my teams Relay For Life in Covina, CA.
We donated the supplies for our smoothie sales and they sold like hotcakes!
We had Strawberry Banana, Blueberry Banana, and Chocolate/Peanut Butter/Banana smoothies.
Since this was a cancer awareness event, we wanted to make sure that the smoothies were healthy.
So they were all made with Almond Milk, Berries, Organic Peanut Butter, Fresh Bananas, Chocolate Almond Milk, Honey, and Agave Nectar.
We had a great time and our team raised over $3200 in funds.
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My partner Richard and I donated $100 in supplies for our American Cancer Society's Relay For Life Smoothie Sales this weekend
This weekend we were part of my teams Relay For Life in Covina, CA.
We donated the supplies for our smoothie sales and they sold like hotcakes!
We had Strawberry Banana, Blueberry Banana, and Chocolate/Peanut Butter/Banana smoothies.
Since this was a cancer awareness event, we wanted to make sure that the smoothies were healthy.
So they were all made with Almond Milk, Berries, Organic Peanut Butter, Fresh Bananas, Chocolate Almond Milk, Honey, and Agave Nectar.
We had a great time and our team raised over $3200 in funds.
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