Tina Griffith, Realtor

                 (909) 831-8726
Loading

Home

Yucaipa real estate

Redlands real estate

I hope this  web site helps in your search for a new home, or just reading the articles I post.  Feel free to call or email me if you need anything.  The site offers several real estate tools you need when looking at real estate listings and homes for sale.  You can browse exclusive homes for sale, standard home sales, short sale listings or bank owned homes.  

 Inland Empire areas to search, include  Yucaipa, Highland, Redlands, Beaumont, Mentone, San Bernardino, Rancho Cucamonga, Riverside  and it's surrounding communities.  Check back often for additional cities & updated event info.

You can search listings through the property search tool, calculate mortgage payments on your next dream home with the mortgage calculator, access home buying info for first time home buyers/move up buyers and get selling tips for home sellers.  Tremendous area information about greater San Bernardino and Riverside counties- with more to come.

Whether you are a seller or a buyer in any of these areas,  you need an experienced & trusted Realtor on your side.  Dedicated to you, I am here to help. 

 

Click on MLS Search button to see all MLS listings -

 

Go to "Listings" page to view my listings or upcoming houses for sale

Click to Replace

California Ranks Fourth in Home Flipping Despite Drops in Average Gross ROI, Profit

California-twoDespite seeing a decline in average gross ROI and average gross profit on flipped homes, California still ranked fourth among the 50 states and District of Columbia in flipped homes as a percentage of total sales in Q2, according to RealtyTrac.

The Golden State saw 5,361 homes flipped in Q2, the most total flips in Q2 by any state or District of Columbia (Florida was second at 4,677 and Arizona was a distant third with 1,754), RealtyTrac reported. California's total accounted for 6.8 percent of all home sales in the state in Q2, which ranked it fourth behind only District of Columbia (10.2 percent), Nevada (8.1 percent), and Rhode Island (7.3 percent), according to RealtyTrac.

Even though California's total of flipped homes as a percentage of total sales declined by 25 percent quarter-over-quarter and 18 percent year-over-year, it was still good for fourth in the nation, according to RealtyTrac.

California's flipping average gross profit for Q2 of $83,383 was a dropoff from $110,784 it saw for the same quarter in 2013, but the total ranked California eighth in the nation in that category, behind D.C., Virginia, Maryland, New Jersey, Washington, Illinois, and Minnesota, RealtyTrac reported.

The big decline came for California in average gross ROI for Q2, according to RealtyTrac. The Golden State reported only 23 percent in that category, ranking it in the middle of the pack at 24th. In Q2 2013, California reported a 38 percent gross ROI, which ranked it at 16th.

In total home flips for Q2 2014, California placed two metropolitan statistical areas in the top 5 in the nation. Los Angeles-Long Beach-Santa Ana came in second (behind Phoenix) with 1,371 flips, and Riverside-San Bernardino-Ontario came in fourth with 980 flips, according to RealtyTrac. Los Angeles ranked 10th and Riverside tied for 11th among the nation's MSAs in flipped homes as a percentage of total sales with 7.5 percent and 7.4 percent, respectively

Forecast -------- October 7, 2014

C.A.R. releases its 2015 California Housing Market Forecast


California home sales to increase slightly, while prices post slowest gain in four years

LOS ANGELES (Oct. 7) – With more available homes on the market for sale, California’s housing market will see fewer investors and a return to traditional home buyers as home sales rise modestly and prices flatten out in 2015, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2015 California Housing Market Forecast,” released today. 

The C.A.R. forecast sees an increase in existing home sales of 5.8 percent next year to reach 402,500 units, up from the projected 2014 sales figure of 380,500 homes sold.  Sales in 2014 will be down 8.2 percent from the 414,300 existing, single-family homes sold in 2013.

“Stringent underwriting guidelines and double-digit home price increases over the past two years have significantly impacted housing affordability in California, forcing some buyers to delay their home purchase,” said C.A.R. President Kevin Brown.  “However, next year, home price gains will slow, allowing would-be buyers who have been saving for a down payment to be in a better financial position to make a home purchase.”

“Moreover, prospective buyers should know that it's a misperception that a 20 percent down payment is always required to buy a home.  There are numerous programs available that allow consumers to buy a home with less down payment, including FHA loans, which lets buyers put down as little as 3.5 percent,” continued Brown.

C.A.R.’s forecast projects growth in the U.S. Gross Domestic Product of 3 percent in 2015, after a projected gain of 2.2 percent in 2014.  With nonfarm job growth of 2.2 percent in California, the state’s unemployment rate should decrease to 5.8 percent in 2015 from 6.2 percent in 2014 and 7.4 percent in 2013.

The average for 30-year fixed mortgage interest rates will rise only slightly to 4.5 percent but will still remain at historically low levels.

The California median home price is forecast to increase 5.2 percent to $478,700 in 2015, following a projected 11.8 percent increase in 2014 to $455,000.  This is the slowest rate of price appreciation in four years.

“With the U.S. economy expected to grow more robustly than it has in the past five years and housing inventory continuing to improve, California housing sales and prices will see a modest upward trend in 2015,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. “While the Fed will likely end its quantitative easing program by the end of this year, it has had minimal impact on interest rates, which should only inch up slightly and remain low throughout 2015.  This should help moderate the decline in housing affordability we saw occur over the past two years.” 

“Additionally, the state will continue to see a bifurcated market, with the San Francisco Bay Area outperforming other regions, thanks to a more vigorous job market and tighter housing supply.” 

Appleton-Young will present an expanded forecast Thursday afternoon during CALIFORNIA REALTOR® EXPO 2014, running Oct. 7-9 at the Anaheim Convention Center in Anaheim, Calif.  The trade show attracts nearly 8,000 attendees and is the largest state real estate trade show in the nation.

2015 CALIFORNIA HOUSING FORECAST

  2011 2012 2013 2014p 2015f
SFH Resales (000s) 422.6 439.8 414.3 380.5 402.5
% Change 1.4% 4.1% -5.8% -8.2% 5.8%
Median Price ($000s) $286.0 $319.3 $407.2 $455.0 $478.7
% Change -6.2% 11.6% 27.5% 11.8% 5.2%
Housing Affordability Index 53% 51% 36% 30% 27%
30-Yr FRM 4.5% 3.7% 4.0% 4.3% 4.5%

p = projected
f = forecast

Yucaipa homes for sale, Redlands homes, Beaumont homes, Highland houses, sellers buyers tips, financing mortgage rates, list homes for sale, first time buyers