WILL IT GET THIS GOOD AGAIN?
Nobody knows for sure what the future holds. However, this graph says a lot about the Inland Empire Home Buying Prospects for the first time buyer. Not shown here are the latest average 30 year fixed rates for earlier this month of 4.87% with 0.7 points, a very slight edging upward of rates. (I'd say not bad, but then I bought a home in 1977 with double digit rates , a higher rate second and very creative financing).
Of note is the fact that the median home pricing in this area approximates the pricing seen in the first half of 2002 and the Home Affordability Index for First Time Buyers in both San Bernardino and Riverside counties is VERY high.
Even if there are some more changes, the prospect of enjoying your own home are really great now. There has never been a ten year period when owning your home didn't make good financial sense.... and even more sense when it comes to your personal enjoyment of your own home.
I guess I have to ask... WILL IT EVER GET THIS GOOD AGAIN?
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It's All About YOU! Brad Rachielles, REALTOR, Upland, CA
Brad Rachielles, REALTOR. Helping Inland Empire Buyers and Sellers with their Real Estate needs in the Communities of: Upland, Rancho Cucamonga, Fontana, Claremont, Ontario, Chino, Chino Hills, Pomona and La Verne, CA.
Web Page: http://www.BradRachielles.com