Singh Realty

Improving economy and job growth draw buyers back to housing market, forming more households, REALTOR survey finds With an improving economy and job market over the past year, home buyers have started forming households again, and buyers who previously experienced a foreclosure or short sale are back in the housing market, according to the CALIFORNIA ASSOCIATION OF REALTORS’ (C.A.R.) 2015 Survey of California Home Buyers. In 2015, more households were formed as the share ...of buyers who previously lived with their parents increased to 12 percent the highest in the survey’s history, up from 2 percent in 2014. Additionally, the share of those who previously rented dipped from 40 percent in 2014 to 39 percent in 2015, and those who previously owned fell from 59 percent in 2014 to 47 percent in 2015. With distressed sales at record lows, California is returning to a more normal housing market, with those who previously went through a foreclosure or short sale returning to the market and purchasing homes again. More than one in five home buyers (22 percent) experienced a distressed sale, most of which occurred after 2007. A further indication of this return to normalcy is reflected in the share of buyers who were previously underwater on their homes, which increased to 23 percent in 2015, up from 4 percent in 2014.

*PRICE REDUCED* - River Road Village Condo Corona CA - Open house today from 12 - 2 PM Call for any question (951) 295 7774

Property in Rancho Cucamonga $420,000

Real estate forecast 2015

Singh Realty listings: 1) Churches chicken (real estate only) for sale in SoCal - prime location - long lease - 600k 2) Single family home in Rancho Cucamonga 1800 sqft on Cambridge street. New flooring, paint, stainless steel appliances, granite counters, pool, palm trees, BBQ island.- 420K... 3) Single family home in Rancho Cucamonga 1600 sqft near baseline and vineyard 3 Bed 2 bath - 375k 4) Single family home in San Diego - Granite counters with new stainless appliances, wood floor all over the house and tiles in kitchen/dining area. It's 4 bedroom and 2 bathroom with spacious living, kitchen and dining area. New kitchen cabinets and appliances.1410 sqft - 350k 5) Nice cozy town home on Western Ave, Anaheim with fireplace, Central Air, Vaulted Ceiling, Master Bedroom with walking Closet And Access To A Balcony over looking To A Sparkling Pool, Tile Floor, Ready To Move - in. This town home offers many features! Very spacious 3 bedrooms, 2.5 bathrooms - 380k 6) Great location townhouse in West Covina 390k 7) Beer & wine market in Ontario, great potential, very low rent with long lease - asking 200k

Fannie Mae, Freddie Mac reach deal to ease mortgage lending

IRS and California Franchise Tax Board declare California distressed home sellers not liable for federal or state income tax on short sales. California families who have lost their home in a short sale are not subject to state income tax liability on debt forgiveness phantom income they never received in a short sale.

Upcoming listings: Beaumont: $289,000 - 4 Bed / 3Bath - 2360 sqft. - 2006 built Corona: $395,000 - 4 Bed / 4Bath - 3090 sqft - 2005 built Union City: $385,000 - 3 Bed / 1.5Bath - 1300 sqft - 1973 built... Manteca: $340,000 - 5 Bed / 4 bath - 2500 sqft - 2000 built See more

We are one of the leading Short sale and loan modification experts. We have closed more than 100 short sales with numerous banks. Many real estate agents truste...d on us to get their negotiation done on their files. In case you are facing any problem with your current mortgage, please call our company @ 951.295.7774, we will happy to help you in doing either modification or short sale of you current home. See more