Yucaipa Real Estate: Recent Comments

Comment on Local Yucaipa Real Estate Agent Maximizing Technology For Consumers

Yucaipa Home Source — Sat, 08 Mar 2008 20:57:24 GMT

I agree that technology is an integral part of home buying. In the real estate industry, as more and more the traditional mediums are less effective, online resources are playing more and more a role. I believe that even in the Yucaipa real estate market it is a crucial part of the puzzle.

Comment on Yucaipa CA Real Estate Conditions

Mandy Monroe — Mon, 03 Mar 2008 08:49:09 GMT

I'd hate to be a seller right now. But this is good news for buyers. Hopefully this will help us out after our move. Thanks!

Comment on Yucaipa CA Real Estate Conditions

Pamela — Mon, 03 Mar 2008 08:13:52 GMT

I found this information very interesting, it's great to hear this kind of information on the housing market.

Comment on Yucaipa CA Real Estate Conditions

T. Bosse — Sun, 02 Mar 2008 22:47:32 GMT

Helpful information whether you are a buyer or seller. Thanks Roger!

Comment on Yucaipa CA Real Estate Conditions

Linda Mullison — Sun, 02 Mar 2008 21:35:50 GMT

Great news for buyers. I find it interesting that homes with and without amenities are similarily priced.

Comment on Yucaipa CA Real Estate Conditions

Manohar S. Sohal — Sun, 02 Mar 2008 17:34:56 GMT

This kind of information can prompt a buyer to buy at a time when he/she can afford to buy at an affordable price. I think this kind of information will definitely result in an increased sale. I think so, at least.

Comment on Any relief in sight for California home buyers seeking a mortgage?

Penny — Wed, 02 Jan 2008 11:50:13 GMT

I am not sure what all of HR1427 encompasses, but I am for them allowing a larger percentage of a home to be financed on a conforming loan if borrowers can make the payment. That said, lenders should not make offers to people who do not qualify and buyers need to beware of some of the crazy terms that have sprouted up over the last 5 years during the California real estate boom.

Furthermore, I do not want the President to offer legislation mandating that lenders not raise their rates to the jumbo rate after Jan 1, 2008 and keep their rates on these loans flat for 5 years because it would be unfair to those people who already lost their homes. Additionally, such legislation will likely cause lenders to raise their rates on conventional loans to make up for their losses, which is unfair to those of us who were not foolish enough to over-extend ourselves and may want to sell and upgrade our homes for a reasonable interest rate. I also believe the proposed legislation by President Bush will falsely postpone the markets bottoming out. It appears we are within two years of bottoming out in the California real estate market. Once all of the foreclosures are done, the market will re-adjust as IT ALWAYS HAS re-adjusted. The government needs to let what will happen with current mortgages happen.

Perhaps what might be beneficial for all is to provide educational programs to potential home buyers/mortgage borrowers so that they are less inclined to become "victims" of less than scrupulous lending practices in the future.

Comment on Any relief in sight for California home buyers seeking a mortgage?

Anonymous — Wed, 02 Jan 2008 11:50:52 GMT

The problem is the home prices not the loan limits. You point this out very well, "...many buyers cannot even afford the median home price..." If anything, it seems to me that loan limits need to be lowered. I think this is really just simple economics in that the price has exceeded demand and inventory is rising. The last thing we need is to put buyers on the hook to pay back even more money when it is clear that people cannot afford these prices even with conforming rate mortgages. What's next, increase loans to 60-year terms? Your lobby is insane for buyers and probably mortgage companies too. At the same time, it sounds great to sellers and real estate agents like yourself, just keep them prices up baby!

Comment on Any relief in sight for California home buyers seeking a mortgage?

Kimberly Emerson — Wed, 02 Jan 2008 11:51:19 GMT

We currently own a home, I was laid off when the mortgage industry crashed. We currently cannot make the payments and the lender is giving us no alternatives at all. We cannot refinance as all property values have dropped. in trouble at Christmas