RC CitizenView

It’s still a Buyer’s Market for Rancho Cucamonga home sales. The Housing and Economic Recovery Act of 2008 signed by President Bush in late July offers encouragement to home buyers to jump into the market now, before rising interest rates rise and seller-financed down payment assistance programs end October 1, 2008.

July home sales statistics for the city are due to be released this week and will be reported on my website; you can click on http://marketreport.ilajosephs.com for a direct link.

I’m also adding a new section to my weekly report this week. Look below for a comparison to home sales data for February 17, 2008. As you can see, the number of homes on the market has dropped substantially since February.

The chart below was compiled from information reported in the Inland Multi-Regional Multiple Listing Service, which shows listings and sales of previously-owned homes reported by real estate professionals in the Inland Valley region of Southern California.

Ila Josephs, an associate Realtor with Tarbell, Realtors, prepares weekly market activity reports for her website, www.ilajosephs.com, surveying the cities of Chino, Claremont, Fontana, La Verne, Montclair, Ontario, Pomona, Rancho Cucamonga, San Dimas and Upland. For more information, call Ila at (909) 261-3541.

Whether you are buying or selling real estate in cities along the 210 Freeway from San Dimas to Fontana, or in Ontario, Montclair or Chino, Ila will be happy to assist you.