Mandalay Beach Realty

I recently had a discussion with a client asking why similar sized properties with the same amenities are twice the price in Orange County as they are in the Inland Empire. The answer is location. But what does that really mean? Here is a good article that explains it https://www.thebalance.com/what-location-means-in-real-esta

When purchasing a home one of the biggest obstacles is the down payment. There are several non-profit organizations, such as NeighborWorks America, that provide first time home buyer education classes. Upon completion of those classes, the organizations offer down payment assistance to help you get in to a home. Below are links to a few organizations in the Southern California area. Neighborhood Housing Services of the Inland Empire: https://nhsie.neighborworkscompass.org/ Neighborhood Housing Services of Los Angeles County: http://www.nhslacounty.org

California housing markets are still among the top performers in the country! Are you surprised to see Oxnard in the top 20?

Looking to by a fixer upper? A FHA 203k loan may be the best option to finance the property and the renovation.

Housing prices are expected to go up about 8 percent or so in the next couple of years according to Oscar Wei, a California Association of Realtors senior economist. He suggests, If you see something you are interested in and you can afford it maybe not a single-family home, but a condo or a town home (buy it) and start building equity. Wei said I wouldn’t wait.