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Builders Go Shopping for Land; Some More...

It’s taken sometime, but recently, the Inland Empire has been a hot spot for builders buying up land at low prices. This is the first time in more than 3 years builders have been actively shopping for land to build future communities. The landscape of these communities is not determined yet, but...
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New Homes vs. Forclousure...

Everyone has heard of the “deals” out there with buying a foreclosure; are they really there? Is it that easy, buy low, rent out, or improve and sell higher? This can help explain what I am talking about “Buying Foreclosures” another article is “Why Buy New” It’s...
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Pending Home Sales Rise Unexpectedly in ...

9/1/09- Seasonally adjusted index of sales contracts signed in July has risen to the highest levels in 2 years to 97.6 according to The National Association of Realtors (NAR). This reading is 12% higher than the same month last year.   Analysts predict sales will likely drop once the first time home...
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Rates Edge up, but still at record lows...

8/28/09-This week, the 30yr fxd mortgage rate, climbed slightly to 5.14%. Slightly higher than last week, and still near record lows. Lenders have tightened their standards for consumer loans, since the boom/bust of the industry. Though well qualified home buyers will receive the benefit of clean credit...
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Orange County New Home Supply Lowest in ...

Builder Confiedence has risen 4 straight months; Why? Their inventory is at record lows, which has lead to speculation in Orange County, Ca of a possible bottom.  New home sales numbers released from the Census Buearu confirm just that, inventory has been declining drastically. Low Rates, Tax Incentives,...