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Market Conditions in Rancho Cucamonga : Real Estate Advice

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  • Local Info20
  • Home Buying127
  • Home Selling15
  • Market Conditions16

Activity 16
Fri Jul 3, 2015
Anthony Martin answered:
Real estate pricing is cyclical, so every few years the trends change. House prices have been relatively low from 2010-2013 or so. The market was bound to change and since then we've seen a gradual increase in home prices to the point where they are almost to pre-recession prices; in other words, a general upswing.

The other factor is basic supply and demand. Home inventory levels have been at or near all-time lows for quite some time now, and more home buyers want to jump into the market. This in turn causes multiple people to make offers on the same property and sometimes turns into bidding wars. Homeowners can then pick and choose which offer to accept which is usually the one that will yield them the most money in their pocket.

There's also another factor that starting to take hold, and that's interest rates. It doesn't take an expert to tell you that mortgage interest rates have been at or near all-time lows, but those have started to creep higher. With the fed expected to raise interest rates in September, and some people are speculating 5% or more. Higher rates have the potential of taking buyers out of the market, so home buyers are trying to beat the rush and get in before the rate hike takes effect. More buyers coupled with inventory levels that already low exacerbate the supply and demand factor.

Under the right circumstances, this situation can be prime picking for both home buyer and home seller. Hope that helps!
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0 votes 10 answers Share Flag
Sat Jun 20, 2015
Alex Montelongo Real Estate Group answered:
If you need a lender referral.. Please contact me directly. I'd be glad to help.

All the best,

Alex Montelongo/Broker
Coldwell Banker Star Realty
562-810-7387 Cell
BRE Lic #01456982 ... more
0 votes 2 answers Share Flag
Wed Feb 19, 2014
Thomas Nick Cacchione answered:
It looks like the property you searched is in the Chaffey Joint Union High School District. The High School for that property is Los Osos. This is a fairly new school in a great neighborhood. I am a local lender based in Rancho Cucamonga and I have lived here for 22 years. Please call me with any questions about the area. 909-731-8675. ... more
0 votes 3 answers Share Flag
Fri Nov 15, 2013
Rafael Sayegh answered:
Please contact me at 909-477-7493 if you would like me to to get you pre-qualified for a loan. several loan options to consider. free pre-qual.

Respectfully,

Rafael
0 votes 3 answers Share Flag
Tue May 28, 2013
Jose Valladares answered:
Call me with the address and I will give you directions, I would like to help you get safe and sound, My Number is (909) 263-8498 Jose Rubio with Century 21 Beachside Realtors, Rancho Cucamonga CA ... more
0 votes 1 answer Share Flag
Fri May 24, 2013
Debbie Henderson answered:
direction needed to malvista way in rancho cucamonga
0 votes 1 answer Share Flag
Wed Mar 27, 2013
Kari Brandler answered:
Hello Diane,

I would be happy to help you in your search. I have lived in Rancho for going on 37 years now so I know the area very well. Please feel free to call or email me and we can get started on your search and narrow down specifics and find the best area of Rancho that will fit your needs. Looking forward to speaking with you. Have a great day!


Kari Brandler
1 Advanced Realty & Appraisal
R.E. License 01751970
Cell: (909) 292-6142
Email: kari.brandler@yahoo.com
Website: www.karibrandler.com
.
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0 votes 7 answers Share Flag
Sat Nov 17, 2012
Kevin and Julie McLaughlin answered:
186/mo but it is not currently available... most HOA fees in the area are between $150 and $300 per month.
0 votes 4 answers Share Flag
Wed Jul 20, 2011
Diane Wheatley answered:
Dear Tdc,

Without knowing your specific needs and preferred qualities, it is difficult to give you a concrete answer to your question. However, if I were looking for a large home in an area that I consider a safe environment for the best value I would choose Corona or Eastvale. You can pick up a 3,600 sq. ft. home built in the early 2000's in the $300,000 range.

If I were choosing the best overall location for a community which offers large homes with less regard for value I would choose North Alta Loma, North Upland, San Antonio Heights or Claremont. You can pick up a 3,600 sq. ft. home built in the 80's to late 90's for $700,000 +.

The word "best" is a relative term. Are you looking in the Inland Empire, Riverside County, San Bernardino County, High Desert, Low Desert, Orange County or simply by the largest population of "large" homes? I'd love to help you if I understood your needs. Contact me anytime. Good luck to you!

Diane Wheatley, Broker
diane@moveupproperties.com
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0 votes 7 answers Share Flag
Mon Jul 18, 2011
Soon2bex90701 answered:
don't spend that much for rancho. only buy something in that range north of the 210 and east of haven, the old alta loma area - especially near day creek. the old homes up there were old horse farms and are over inflated - and anything south of the 210 is old. also, the stuff near victoria gardens is all newly built and people payed at the market peak for these homes. I no I one that got raked over the coals.
the city is turning into a bunch of heavy handed bureaucrats. they're going crazy with zoning enforcement warnings and such. plus it's not conducive to new businesses especial those they deem "not family friendly" - what ever that's suppose to mean. Uplands ok but be careful of some areas. Not as many new homes there, a lot of 15+ yr old homes that look dated.
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0 votes 8 answers Share Flag
Mon Apr 26, 2010
Linda Comeau answered:
Hi Karin,
Just checking to see if you received the answers you were looking for? If not or if you have any further questions please feel free to give me a call. I have been selling in the Rancho Cucamonga area for over 12 years now. I also live in Rancho and know it well. Please have your friend review my website---I would be happy to email him info on that lot as well as other lots that are available.
Thanks Again,
Linda Comeau
www.lindacomeau.com
909-230-0856
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0 votes 8 answers Share Flag
Sat Jan 30, 2010
Diane Wheatley answered:
I'm in the process of doing of compiling only the best Realtors in the area now. All my agents have a unique background and area of expertise. Lets compare notes. I'd like to hear your thoughts.

Diane Wheatley, Broker
diane@moveupproperties.com
... more
0 votes 12 answers Share Flag
Thu Oct 29, 2009
Eric & Renee Reese answered:
Looks like they did! Short term I believe it is beneficial, long term I am not so sure.

WASHINGTON (MarketWatch) -- Senators have struck a deal to extend a popular tax credit for home buyers beyond those buying their first house, Senate Majority Leader Harry Reid's office said Wednesday.

Legislators also have agreed to extend the tax credit through the end of April, according to a Reuters report.

An $8,000 credit for first-time home buyers is set to expire at the end of November. Under a compromise reached by senators, the credit would be expanded to those who have lived in their home for five consecutive years, a Reid spokeswoman said.

The credit for repeat buyers would be $6,500.

The credit reportedly would be available for individuals making up to $125,000 a year and couples earning up to $225,000 per year, up from the current income limits of $75,000 and $150,000, respectively.

Reid wants to attach the tax-credit measure to a bill that would extend unemployment benefits.



Senators agree to extend tax credit for first-time homebuyers, expanding it to repeat buyers
By STEPHEN OHLEMACHER
The Associated Press
WASHINGTON

Senators have agreed to extend a popular tax credit for first-time homebuyers and to offer a reduced credit to some repeat buyers.

The tax credit provides up to $8,000 to first-time homebuyers but is set to expire at the end of November. A spokeswoman for Senate Majority Leader Harry Reid said senators agreed Wednesday to extend the existing tax credit for first-time homebuyers while offering a reduced credit of up to $6,500 to repeat buyers who have owned their current homes for at least five years.

A congressional aide said the tax credits would be available to homebuyers who sign sales agreements by the end of April. They would have until the end of June to close on their new homes. The aide, who spoke on condition of anonymity, was not authorized to publicly discuss the deal.

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

Copyright © 2009 ABC News Internet Ventures
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1 vote 8 answers Share Flag
Tue Oct 28, 2008
Steve answered:
I'd assume it's "year-over-year" (common finance term) and "week-over-week" (only because it seems logical given y-o-y).
0 votes 1 answer Share Flag
Sun May 25, 2008
Marcell Harris answered:
At this time it is great to buy anywhere as long as your realtor is showing you the greatly under priced properties in your area. As well there are programs who can help provide buyers with up to 6% down payment as a gift which never has to be paid back. So with under priced homes and gift funds for down payment, this is a great time!! ... more
0 votes 9 answers Share Flag
Fri Apr 25, 2008
Joan Patterson answered:
I don't think homes will go down another 40% in Rancho Cucamonga. I feel they may go down another 5%-10%, but that is about it. Rancho Cucamonga has become one of the fastest growing places and it is a highly desirable place to live. If you are looking to buy or sell, give me a call. I specialize in Rancho Cucamonga. ... more
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