Good News for the Housing Market

I have a quick update on the current housing market!! Guess what? it is good news!!!

The word is spreading....

** Suze Orman (Financial Guru) is telling everyone to invest in REAL ESTATE!!!

** On this morning's TODAY show, a financial expert stated that he believes this spring's selling season will be "THE BEST SELLING SEASON IN 3 YEARS!!"

** The housing crisis is widepsread in America, but . . . out of the thousands of counties in this country just 35 counties in the entire US are actually in a depressed market!

* Over 90% of the people in this country are PAYING THEIR MORTGAGES ON TIME!!!!

** Through out the U.S., over 4.9 MILLION HOMES SOLD IN 2008!!

** The market in our area is UP SIGNIFICANTLY!!! As of January 2008, there were 338 open escrows. As of January 2009, there were 950 open escrows!

** The largest demographic currently purchasing homes is FIRST TIME HOME BUYERS aged 24-34. Just a few short years ago, only 8% of people in this group could afford the median priced home. Now, thanks to favorable market conditions, 59% of 24-34 year old first time home buyers can now afford a median priced home!

What does this mean for you? If you are a buyer - things are better than they have been for years! Coupled with the federal and state tax credits, you are actually getting PAID to buy a home! This has never happened before! And, if you are a seller, HOLD ON tight!!! The market is just getting started!! The current upswing will continue as incentives are great, interest rates ARE VERY LOW and inventory is plentiful!!

BUY - OR - SELL NOW AND LOOK SMART LATER!!!
AS ALWAYS -- I AM HERE TO HELP!

HONESTY, INTEGRITY . . . SERVICE YOU CAN TRUST!


STACY DOVER

New Home Buyer Tax Credit!!!

If you have not found the low interest rates, low homes prices and vast inventory reason enough to buy - that is - if you are STILL ON THE FENCE!!!! Well, you now have more reason to GET OFF THE FENCE, STOP PAYING SOMEONE ELSE"S MORTGAGE with your rent money and BUY!!!! Here's why: According to the California Association of REALTORS (R) A $10,000 state tax credit will benefit a projected 10,000 new-home buyers starting Sunday and, in turn, could help beleaguered home builders, the California Building Industry Association said yesterday.

The measure, costing $100 million over the next three years, was included in the budget compromise passed by the Legislature and signed by Gov. Arnold Schwarzenegger last week. “What we've been missing in the market the last couple of years are people,” said Tim Coyle, senior vice president for government affairs of the builders group. “Already, with the news of this tax credit being authorized and signed into law last Friday, we're beginning to see interest in people who we need desperately to return back to housing markets where they haven't been for so long,” Coyle said.

In the Glendora area, we still have some homes available in the LYONS home development and of course, Azusa's Rosedale development. I can help you navigate your way throught the new home process. Even if you are looking to purchase a new home, you need a REALTOR (R) to represent your best interest. If you are interested in a new home purchase, let me take you through the models. I can register you, guide you and help negotiate in YOUR BEST INTEREST and this is of NO COST TO YOU!
As always, please call me with any of your questions. I am your real estate professional and I can help you with all of your real estate needs!
Stacy
Honesty, Integrity...Service you can TRUST!