It's time to look at the glass half full!

Home sales are increasing in Riverside County and although the sale prices are down I believe that supply and demand will correct this shortly.  Many investors that I work with say they are buying homes in many cities and that they still are finding renters.


Single Family Residence
 Time Period    Number of Sales         Median Sale Price
 Apr 2009                    3,363               $197,000
 Apr 2008                    3,020               $293,250
 Mar 2009                    3,407               $205,000
 Mar 2008                    2,555               $305,000
Information gathered from the Multi Regional MLS.

The First Time homebuyer programs are still a wonderful opportunity for people to get into their first homes.  The $8,000 credit from the Federal Government doesn't have to be paid back like the earlier programs so don’t miss this opportunity!  California also has a program that will give you an additional 5% of purchase price, not to exceed $10,000.

See full chart on both First Time Credits at http://www.koziel.com/New_Tax_Credits/page_2218833.html