Archive for the ‘Temecula Real Estate Market’ Category

Temecula First Time Home Buyers, need a loaf of bread and gallon of milk?

Wednesday, February 24th, 2010

Most first time home buyers in Temecula, Murrieta and other parts of Southwest Riverside  and San Diego County are commuting to either San Diego, Orange County or other parts of the Inland Empire and as a result many meals are planned “on the fly”.

“I really was hungry for seafood alfredo tonight, but I won’t be home til’ late, can you pick up the ingredients?”

“Of course, if I knew what they were”

Well thanks to some new technology, you can create grocery lists from thousands of recipes and share them on your smartphone. (more…)

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First Time Home Buyers are you renting a home in foreclosure?

Tuesday, February 23rd, 2010

First Time Home Buyers renting

You’ve been faithfully paying your rent each month and kept up the property while you searched for your first home and suddenly the legal notices are plastered on your windows and a bank representative is telling you to “get out”.

Many first time home buyers in the middle of the search for their first home are finding out the home they’re renting is in foreclosure. Their landlord has been pocketing the rent and not making his mortgage payment and now the lender is knocking on the door telling them to move.

Do you know your rights? (more…)

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1999 to 2009 How different is the “new” Temecula homebuyer?

Saturday, January 9th, 2010

Google Maps Real Estate

They say” the more things change the more the stay the same”.

Home buyers in Temecula, Murrieta and San Diego may agree.

These figures indicate there may be a lot of truth in that old adage:

1999: 37% of buyers searched for a home online.

 2009: 90% of buyers searched for a home online.

1999: median home value is $137,600.

2009: median home value is $172,600 (but not that some reports reflect that when accounting for inflation, the value hasn’t changed at all this decade).

Temecula Homes for Sale

1999: 82% of buyers purchased detached, single family homes.

2009: 78% of buyers purchased detached, single family homes.

1999: 46% of buyers choose suburban neighborhoods.

2009: 54% of buyers choose suburban neighborhoods.

Temecula Homeowners

1999: 68% of buyers were married couples.

2009: 60% of buyers are married couples.

1999 and 2009: the median age for buyers was 39.

1999 and 2009: “neighborhood quality, affordability, and convenience to work and school have consistently been top priorities.”

Temecula Crowne Hill

 You can draw your own conclusions from these numbers, but other than the explosion of on-line home search (37% to 90%) things are just about where they were ten years ago.

Figures from National Association of Realtors)

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