Moreno Valley, CA Real Estate News

By Robert Huntsinger, Empire Realty Upland, CA - Full Service at a Discount
(Empire Realty)
No matter what the market, people will continue to desire to live in Moreno Valley, as it remains one of the most active cities within Riverside County. Comparatively speaking, the Moreno Valley housing market continues to post brisk sales.  In of May 2008, 300 single family homes and a total of 7 condos/townhomes sold, down 262 from last month.  My overall view of the market is still slipping in cost per square foot while the sales numbers are stabilizing a little. For a full county market report Click Here. Closed Sales For May 2008, up 53 from last month362 Single Family Homes7 Condos/TownhomesPending Sales For May 2008, Down 555 from last month388 Single Family Homes16 Condos/TownhomesCurrent Actives As of Today's Post, Down 113 from last month 1,826 Single Family Homes69 Condos/Tow...
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By Beverly Bayer
(BAYER APPRAISALS)
Who is Responsible for the Mortgage Mess? Beverly A. Bayer, SRA - Real Estate Appraiser, Moreno Valley, CA. Is it the couple who bought their first home? Found by their real estate agent? Who suggested the loan broker? Who placed them into a loan, made possible by an appraiser's value? Funded by a lender who accepted the appraised value and the borrower's credit worthiness; and designed the loan product? Or the secondary holder of that loan who packaged it into mortgage backed securities? Or the retired teacher who invested her life savings into that mortgage backed security; at the suggestion of her stock broker, as a source of monthly income? Or was it the rating entity that gave a good score to that mortgage backed security that the retired teacher bought into? At the suggestion of h...
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By Beverly Bayer
(BAYER APPRAISALS)
Was I a bad girl (appraiser)? Beverly A. Bayer, SRA - Moreno Valley, CA This week I finished an appraisal concluding that the property was selling for 15% over current market value, knowing it could probably kill the deal.  I know the real estate agents will not be happy, and probably the loan broker and lender will be very angry.  I have not yet been paid for the appraisal, and could very well have problems getting paid for my work.  I understand real estate is a success based business: you sell a home - you get a commission / you make a loan - you get a commission; and everyone wants the appraiser to be part of the loan making team.  But we are not part of the loan making team - we are part of quality control and our job is to help the lender made a prudent lending decision.  The ques...
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By Robert Huntsinger, Empire Realty Upland, CA - Full Service at a Discount
(Empire Realty)
No matter what the market, people will continue to desire to live in Moreno Valley, as it remains one of the most active cities within Riverside County. Comparatively speaking, the Moreno Valley housing market continues to post brisk sales.  In of May 2008, 553 single family homes and a total of 16 condos/townhomes sold, up 297 from last month.  My overall view of the market is still slipping in cost per square foot while the sales numbers are stabilizing a little. For a full county market report Click Here. Closed Sales For May 2008, up 42 from last month309 Single Family Homes5 Condos/TownhomesPending Sales For May 2008, Up 59 from last month941 Single Family Homes18 Condos/TownhomesCurrent Actives As of Today's Post, Down 67 from last month 1,935 Single Family Homes73 Condos/Townhome...
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How Underwriting Laboratories (UL) has helped reduce dryer vent problems and dryer vent fire risks: UL has worked with the Association of Home Appliance Manufacturers (AHAM) and the CPSC to reduce the number of clothes dryer vent fires. Changes have been made to UL´s Standard for electric clothes dryers including: installation instructions, specifying using only metal exhaust duct materials; user instructions that lint be cleaned regularly from areas around the dryer and lint screen; routing wiring and keeping other electrical components away from heat-producing devices; and abnormal operations tests that simulate a blocked lint screen and exhaust at 25, 75 and 100 percent blockage. Dryer Vent Wizard - Dry Clothes - Safe Homes, adheres to all of the UL recommendations. About Vent Tubing...
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Why Dryer Vent Cleaning is So Important! Did you know that: Clothes dryers can be found in 80 percent, or 81.5 million homes throughout the United States. A full load of wet clothes placed in a dryer contains about one half gallon of water. As water is removed, lint is created from the clothes. This is why cleaning a dryer vent is the solution to prevent dryer vent fires and higher energy costs. Clothes dryers are one of the most expensive appliances in your home to operate. The longer a clothing dryer runs, the more money it costs you. If a dryer vent has not been cleaned, it could cost you even more money. The U.S. Consumer Product Safety Commission (CPSC) estimates that 15,500 fires associated with clothes dryers occur annually. These dryer vent fires account for an average of 10 dea...
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By Robert Huntsinger, Empire Realty Upland, CA - Full Service at a Discount
(Empire Realty)
No matter what the market, people will continue to desire to live in Moreno Valley, as it remains one of the most active cities within Riverside County. Comparatively speaking, the Moreno Valley housing market continues to post brisk sales.  In of May 2008, 267 single family homes and a total of 5 condos/townhomes sold, 19 less than last month.  The number of new foreclosure sales is about the double as the number of monthly sales, not much change for the long term as NOD's continue to increase. My overall view of the market is still slipping in cost per square foot while the sales numbers are stabilizing a little. For a full county market report Click Here. Closed Sales For May 2008, up54 from last month267 Single Family Homes5 Condos/TownhomesPending Sales For May 2008, Up 42 from las...
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By Robert Huntsinger, Empire Realty Upland, CA - Full Service at a Discount
(Empire Realty)
No matter what the market, people will continue to desire to live in Moreno Valley, as it remains one of the most active cities within San Bernardino County. Comparatively speaking, the Moreno Valley housing market continues to post brisk sales.  In of April 2008, 405 single family homes and a total of 9 condos/townhomes sold.  My overall view of the market is still slipping. For a full county market report Click Here. Closed Sales For April 2008 180 Single Family Homes0 Condos/TownhomesPending Sales For April 2008 808 Single Family Homes14 Condos/TownhomesCurrent Actives As of Today's Post 2,046 Single Family Homes49 Condos/TownhomesForeclosure Activity for April 2008 92551 - 115 Notice of Defaults (NOD) Down 8 from last month92551 - 108 Notice of Foreclosure Sale (NOS) Up 15 from last...
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By Doug Beaver, Corona Norco Eastvale Riverside Homes
(Century 21 Olde Tyme)
November  2007 Comparison to November 2006November Average Price            Average Price TrendNovember 07 # Sold                        2007                   2006222                         $311,420             $391,681          -20.5%Riverside County Homes for Sale Monthly Totals:November #Sold 2007    #Sold 2006   %Chg             2007                20062043              1900            +7.5%         $395,206         $426,711        -7.4%Closed Residential Resale Transactions As Reported By Dataquick Information Services. I post this information monthly so you can keep up with trends in a few select cities in Riverside County. I always post the city of Riverside as a comparison with the specific city as well. Brought to you by: Doug Beaver Corona, Norco, Riverside Homes for sale Re...
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By Doug Beaver, Corona Norco Eastvale Riverside Homes
(Century 21 Olde Tyme)
October  2007 Comparison to October 2006October Average Price            Average Price TrendOctober 07 # Sold                        2007                   2006274                         $306,087             $406,331          -24.7%Riverside County Homes for Sale Monthly Totals:October 07 # Sold                     2007                      20062275                   $390,084                $449,956        -13.3%Closed Residential Resale Transactions As Reported By Dataquick Information Services. I post this information monthly so you can keep up with trends in a few select cities in Riverside County. I always post the city of Riverside as a comparison with the specific city as well. Brought to you by: Doug Beaver Corona, Norco, Riverside Homes for sale Real Estate Realtorhttp://www.co...
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By Doug Beaver, Corona Norco Eastvale Riverside Homes
(Century 21 Olde Tyme)
September  2007 Comparison to September 2006September Average Price            Average Price TrendSeptember 07 # Sold                        2007                   2006182                        $346,239             $399,086         -13.2%Riverside County Homes for Sale Monthly Totals:September 07 # Sold                     2007                      20062244                   $405,098                $502,621        -10.7%Closed Residential Resale Transactions As Reported By Dataquick Information Services. I post this information monthly so you can keep up with trends in a few select cities in Riverside County. I always post the city of Riverside as a comparison with the specific city as well. Brought to you by: Doug Beaver Corona, Norco, Riverside Homes for sale Real Estate Realtorhttp:...
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By Doug Beaver, Corona Norco Eastvale Riverside Homes
(Century 21 Olde Tyme)
August  2007 Comparison to August 2006August Average Price            Average Price TrendAugust 07 # Sold         2007                   2006137                          $370,000              $390,000          -5.13%Riverside Homes for Sale Monthly Totals:August 07 # Sold      2007                      2006262                      $411,000                $423,000        -2.84%Closed Residential Resale Transactions As Reported By Dataquick Information Services. I post this information monthly so you can keep up with trends in a few select cities in Riverside County. I always post the city of Riverside as a comparison with the specific city as well. Brought to you by: Doug Beaver Corona, Norco, Riverside Homes for sale Real Estate Realtorhttp://www.coronariverside.com/
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By Doug Beaver, Corona Norco Eastvale Riverside Homes
(Century 21 Olde Tyme)
July  2007 Comparison to July 2006July Average Price            Average Price TrendJuly 07 # Sold         2007                   2006106                    $349,750              $405,000          -13.64%Riverside Homes for Sale Monthly Totals:July 07 # Sold      2007                      2006248                   $420,000                $427,500        -1.75%Closed Residential Resale Transactions As Reported By Dataquick Information Services. I post this information monthly so you can keep up with trends in a few select cities in Riverside County. I always post the city of Riverside as a comparison with the specific city as well. Brought to you by: Doug Beaver Corona, Norco, Riverside Homes for sale Real Estate Realtorhttp://www.coronariverside.com/
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By Adriana Jimenez
(Keller Williams Realty )
5bed/3bath,3190sf,2006,Great floorplan, new area of moreno valley, one bedroom and a bath downstairs,double door entry with beveled glass,stainless steel appliances with double ovens,ceiling fans,mirrored closet doors in master,walk in closets,upstairs laundry room with sink,surround sound in family room,custom paint and crown molding in family room and kitchen, close to schools, shoping, and freeway 215, Ramona Exwy and Lake Perris
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By Sherrill Jetton
(Prudential California Realty)
With all the negative news the public is hearing about the real estate market, it is our job as professionals to educate the public as to whats really going on. It is a buyers market, rates are down, the is plenty of inventory, and sellers ARE willing to negotiate.
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