Summer's here and the weather has been wonderful these past few days in southern California! It is a wonderful time to look around and see what we all around us and be very thankful! We have had a very warm summer, but the past few days have been pleasant! Glendora has kicked off summer in the usual events -- all which are fun and "free" for everyone! If you have not left town --remember the city of Glendora offers free movies in the park at dusk on Wednesdays through July . Thursday's we have our Farmer's Market just south of Foothill Blvd. on Glendora Avenue. There are also concerts in the park every Sunday evening. There are also plenty of church camps and community services classes and camps to keep everyone busy! It seems we are as busy now as we were during the school year!
This past Sunday I held an open house at my listing in La Verne and the mild weather -- 89 degrees -- with a mild breeze -- brought out a lot of buyers. If you are looking to buy - and wondering when the right time is -- I believe it is now. Prices are still low and FHA financing is back. This is allowing more people to apply for and receive wonderful fixed rate loans.
There is a new book out called "Confessions of a Sub prime Lender" by Richard Bitner which details, in part, what happened the last few years in the mortgage lending industry. The author states the system failed in many levels, and in his opinion, Wall Street called many of the shots regarding mortgage lending guidelines. While I have not read the book, I am sure it is just the first of many to hit the bookstores in the next few years. Even as we think about what happened, and we all probably know someone negatively affected by the sub prime market, it is important to remember it was really a small percent of the population affected by these loans. I can confidently say as a full-time REALTOR (R) that plenty of well-qualified people are getting into the market now and getting wonderful deals.
As you enjoy your summer, I invite you to explore the possibility of owning your first home. If you own a home, summer is a wonderful time to enjoy your very own place in this world!
Here's to happy memories -- and new ones in the making!
Stacy
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