Homes priced under $200,000 are very limited in Temecula and Murrieta, but there are many foreclosed homes in the surrounding area selling in the $225,000-$275,000 range that appear to be really good bargains. Buying a rental property in Temecula for 20% down should yield cashflow if the rental market remains strong. Currently, the job market in the area is off at about the same rate as other Southern California areas, with more job losses in the real estate, lending and housing industries having an impact on the current economy. Growth however, remains strong and long-term growth looks promising. Call me for more information on homes in the Temecula Valley and surrounding areas.
Monte Byrd, Prudential California Realty, 951-704-0083