Riverside/Inland Empire - State of the Neighborhood Address

By
Real Estate Agent with KB Home Bre # 01424127

Riverside/Inland Empire - State of the Neighborhood Address

Predictions, Prognostications and Predilections

Lying in the midst of the Inland Empire, here in sunny Southern California, are the cities of Riverside, Corona, Moreno Valley and more. Many of us have chosen to live in the Riverside/Inland Empire based on housing prices, availability of land and the friendliness of a rural community combined with the benefits of city living. We are a unique breed of families, retirees, young people and land owners.

We were among the top of the housing bubble and plummeted to the bottom when the bubble burst; but we are a resilient group and I stand forth to claim we are in a recovery!

We have led in so many aspects of the real estate roller coaster so why should it be a suprise to anyone if we are one of the leaders out the darkness and back into a balanced market.

purple crystalI predict, and keep in mind I do not have a crystal ball, that homeowners, overcome with cabin fever, will rush to take advantage of the spring selling season. Buyers, intrigued by low prices and interest rates, will continue avidly seeking to purchase a new home.

Reasons may range from downsizing, upgrading or investing but they will buy. Traditionally Californians like to move every five years or so and it's past time. 

Low inventory levels are pushing up the prices - supply vs demand. More sellers will have equity and can now list their homes at better prices, actually netting a profit enabling them to move onto a next home be it a larger home, smaller home or investment purchase.

I predict we are in the midst of the perfect storm; low prices and low interest rates however I worry we do not over-correct. The lack of inventory is driving prices as buyers are becoming desperate to purchase. Appraisals may help to control overpricing but a home is valued at what the market will pay.

Here's looking to a fantastic year in the Riverside/Inland Empire Neighborhoods!

Call me if I can assist you with pre-season selling or buying.

Posted by

 

If you are considering  buying or selling new construction in the Inland Empire ~ Give me call or email me 

Cause We Like Em' New!

 

Kristal Wilson                                           

cell: 951- 288-7079

Shoot for the moon & if you miss you'll be among the stars

 

 

Comments (3)

Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Kristal,

Sounds like the low inventory is echoes every where.  Wishing you a great 2013!  A

Jan 09, 2013 09:35 AM
Linda K. Mayer
License # 01767321 - La Verne, CA
Realtor, SRES, SoCAL, A REALTOR YOU CAN TRUST

Kristal, my friend! What a great post, and I totally agree that we out here in th sticks are starting a good come-back!  Things are looking up!  Can't wait to see you...

 

Jan 09, 2013 10:19 AM
Kristal Wilson
KB Home - Fontana, CA
Cause We Like 'Em New ~ New Home Specialist!

Ron & Alexandra ~And the low inventory is driving prices higher. I think we will all need to keep an eye on the situation.

Linda ~ Great to hear from you. I believe we will lead the charge into a balanced market.

Jan 10, 2013 03:28 AM