Beware of rental listing scams

A decade ago in our super-heated real estate market, this area was ground zero for a number of housing scams designed to separate folks from their money. Perhaps the most notorious local scheme was the infamous “Stonewood Financial” debacle. That incident resulted in the ringleader eventually being convicted of over 300 felony counts in a […]

2016 housing in the rearview mirror

It’s been nearly a decade since local housing sales bottomed. The go-go years of 10,000, 12,000, even 13,000 home sales a year crashed on the shoals and in 2007 produced just 5,640 sales across the nine city region of Southwest California. Temecula dropped from 2,305 sales in 2005 to 1,162 in 2007, Murrieta fell from […]

How will the housing market be affected by President Trump?

With the recent presidential election focusing more on personal issues than substantive policy, one element that was only rarely addressed by either candidate was their policy approach to the housing industry. Considering that president-elect Donald Trump is a real estate man, the lack of proposals to address the nation’s housing concerns was somewhat discomfiting. Yet […]

Home Sales Leap in March

  After a slow start to the year for our local housing market, March sales of single family homes jumped nearly 30 percent over February (686 / 967) putting sales for the first quarter 6 percent ahead of 2015 (2,190 / 2,334). Murrieta lead the region with a 41 percent month over month increase (112 […]

2015 – The Year in Housing

2015 – The Year in Housing

As we bring down the curtain on 2015, people want to know if their home is worth more than it was a year ago and if it will be worth even more next year. If you don’t want to read the whole article, the quick answers are yes and probably. If you want to know […]

Demographics, the study of you

Demographics are the quantifiable characteristics of a given population. It comes from the Greek word Demos ­ meaning ‘the people’ and Grapho ­ meaning “description or measurement.” Demographic studies are used in everything from defining voting districts to where to build a school or police station to what kind of business you should start. It […]

Canyon Lake – lake front property or just lake view?

The Southwest Riverside County Association of Realtors recently provided an expanded disclosure document for real estate agents conducting transactions in the city of Canyon Lake as a result of ongoing litigation between the Canyon Lake Property Owners Association and the lake’s actual owner, the Elsinore Valley Municipal Water District the outcome of which may affect […]

2015 real estate market starts slowly

Those hoping for a jump-start to the valley’s moribund housing market were in for some disappointment in January. Not only were sales down 30 percent from December (865/614), but they were down five percent from last January (649/614), which was the slowest sales month on record for 2014. Pending sales are up slightly for the month meaning February could be slightly better, but being a short month we’re more hopeful that sales will rebound strongly in March and carry through summer.

2014 housing recap

2014 was forecast by many experts to be the defining turnaround year in housing. Foreclosures and short sales were a thing of the past, interest rates were low, inventory was up and it was supposed to be a normal market again. Pent-up demand was the operative word as buyers both young and old were expected […]

Local housing down for the year, but for how long?

According to the experts, 2014 was forecast to be our “turnaround” year in housing. Continued low interest rates, more inventory for buyers to choose from and pent-up demand from move-up buyers and millennials was expected to springboard housing into full recovery mode. Prognosticators were trumpeting the definition of a “new normal” in housing, one without […]