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previously owned homes: Housing Hangover? Not in the Inland Valley - 06/23/10 06:46 PM
The Commerce Department reported today that nationwide new home sales plunged 33 percent in May and analysts and economists immediately declared buyers aren't buying homes because they can't get tax credits.
Here in Southern California's Inland Valley, sales of newly constructed homes may have dropped in May, but buyers still are eager to get pre-approved and writing offers, and sellers are getting offers. Clients in Upland got a full-price offer from well-qualified buyers 10 days after listing their home in May; escrow closes in early July.
What's down is inventory.
When home prices dropped, builders halted new construction projects. With typical mortgage payments … (0 comments)

 
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Ila Josephs

Ontario, CA

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Tarbell, Realtors

Address: 1570 W. Foothill Blvd., Upland, CA, 91786

Office Phone: (909) 261-3541

Cell Phone: (909) 261-3541

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Never too busy to talk real estate, Ila advises present and future homeowners in the Inland Valley region of Southern California and eastern Los Angeles County.


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