FOR LEASE!!! 7905 Adriano Pl - Rancho Cucamonga, CA 91730 by Celina Vazquez

FOR LEASE!

7905 ADRIANO PLACE

RANCHO CUCAMONGA, CA 91730

2 BEDROOMS | 2 BATHROOMS | 2 CAR GR

CONDOMINIUM 

7905 Adriano Place

Rancho Cucamonga, CA 91730

2 Bedrooms

2 Bathrooms

2 Car Garage

1,037 SqFt

2,000 Sq Ft Lot

1984 Built 

Celina Vazquez Broker is proud to present this beautiful Condominium located inside of the Marlborough Community HOA in Rancho Cucamonga features 2 bedrooms, 2 bathrooms with a 2-car garage with direct access. With approximately 1,100 square feet of living space, this unit has new interior paint, new flooring, new window coverings, and a very spacious floor plan. Large living room and dining room, spacious kitchen fully equipped with multi-cycle dishwasher, microwave, 4-burner gas stove, and single door refrigerator. Spacious master bedroom with wall-to-wall closet and large master bathroom. Inside laundry area with a full-size washer and dryer.  Located in a very central area of Rancho Cucamonga near major shopping centers, schools, and parks. Community offers 3 swimming pools, clubhouse, and tennis courts. Central Elementary School, Cucamonga Middle School, and Alta Loma High School are the designated schools of the area. Restaurants like Sabor a Mi Grill Tequila & Botanas, The Sycamore Inn, Magic Lamp Inn are within minutes. The Victoria Gardens is within 15 minutes drive.  The 210, Freeway is within minutes. For more information about this unit contact Celina Vazquez at 909-697-0823 or email at celina@celinavazquezrealtor.com

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The Connection Between Home Prices & Family Wealth

The Connection Between Home Prices & Family Wealth - Over the next five years, home prices are expected to appreciate 3.22% per year on average and to grow by 17.3% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.

So, what does this mean for homeowners and their equity position?

As an example, let’s assume a young couple purchased and closed on a $250,000 home in January. If we look at only the projected increase in the price of that home, how much equity will they earn over the next 5 years?

Since the experts predict that home prices will increase by 4.4% this year alone, the young homeowners will have gained $11,000 in equity in just one year.

Over a five-year period, their equity will increase by nearly $43,000! This figure does not even take into account their monthly principal mortgage payments. In many cases, home equity is one of the largest portions of a family’s overall net worth.

Bottom Line

Not only is homeownership something to be proud of, but it also offers you and your family the ability to build equity you can borrow against in the future. If you are ready and willing to buy, find out if you are able to today!

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How Long Do Most Families Stay in Their Home?

How Long Do Most Families Stay in Their Home?

How Long Do Most Families Stay in Their Home? - The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average is almost nine years – an increase of almost 50%.

Why the dramatic increase?

The reasons for this change are plentiful!

The fall in home prices during the housing crisis left many homeowners in a negative equity situation (where their home was worth less than the mortgage on the property). Also, the uncertainty of the economy made some homeowners much more fiscally conservative about making a move.

With home prices rising dramatically over the last several years, 93.7% of homes with a mortgage are now in a positive equity situation with 79.1% of them having at least 20% equity, according to CoreLogic.

With the economy coming back and wages starting to increase, many homeowners are in a much better financial situation than they were just a few short years ago.

One other reason for the increase was brought to light during a recent presentation by Lawrence Yun, the Chief Economist of NAR, at the Realtor’s Summit in San Diego, CA. Yun pointed to the fact that historically, young homeowners who were either looking for more space to accommodate their growing family or looking for a better school district were more likely to move more often (every 5 years). The homeownership rate among young families, however, has still not caught up to previous generations resulting in the jump we have seen in median tenure!

What does this mean for housing?

Many believe that a large portion of homeowners are not in a house that is best for their current family circumstances. They could be baby boomers living in an empty, four-bedroom colonial, or a millennial couple planning to start a family that currently lives in a one-bedroom condo.

These homeowners are ready to make a move. Since the lack of housing inventory is a major challenge in the current housing market, this could be great news.

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The Impact of Homeownership on Family Health

The Impact of Homeownership on Family Health - The National Association of Realtors recently released a study titled 'Social Benefits of Homeownership and Stable Housing.’ The study confirmed a long-standing belief of most Americans:

“Owning a home embodies the promise of individual autonomy and is the aspiration of most American households. Homeownership allows households to accumulate wealth and social status, and is the basis for a number of positive social, economic, family and civic outcomes.”

Today, we want to cover the section of the report that quoted several studies concentrating on the impact homeownership has on the health of family members. Here are some of the major findings on this issue revealed in the report:

• There is a strong positive relationship between living in poor housing and a range of health problems, including respiratory conditions such as asthma, exposure to toxic substances, injuries and mental health. Homes of owners are generally in better condition than those of renters.
• Findings reveal that increases in housing wealth were associated with better health outcomes for homeowners.
• Low-income people who recently became homeowners reported higher life satisfaction, higher self-esteem, and higher perceived control over their lives.
• Homeowners report higher self-esteem and happiness than renters. For example, homeowners are more likely to believe that they can do things as well as anyone else, and they report higher self-ratings on their physical health even after controlling for age and socioeconomic factors.
• Renters who become homeowners not only experience a significant increase in housing satisfaction but also obtain a higher satisfaction even in the same home in which they resided as renters.
• Social mobility variables, such as the family financial situation and housing tenure during childhood and adulthood, impacted one’s self-rated health.
• Homeowners have a significant health advantage over renters, on average. Homeowners are 2.5 percent more likely to have good health. When adjusting for an array of demographic, socioeconomic, and housing–related characteristics, the homeowner advantage is even larger at 3.1 percent.

Bottom Line

People often talk about the financial benefits of homeownership. As we can see, there are also social benefits of owning your own home.

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US Housing Market Is Moving into 'Buy Territory'!

US Housing Market Is Moving into 'Buy Territory'! - According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. # housing # market has continued to move deeper into buy territory, supporting the belief that # housing # markets across the country remain a sound investment.

The BH&J Index is a quarterly report that attempts to answer the question:

In today’s housing market, is it better to rent or buy a home?

The index examines the entire US housing # market and then isolates 23 major cities for comparison. The researchers “measure the relationship between purchasing property and building wealth through a buildup in equity versus renting a comparable property and investing in a portfolio of stocks and bonds.” 

While most of the metropolitan markets examined moved further into buy territory (16 of the 23), markets like Dallas, Denver, and Houston are currently deep into rent territory. In these three markets, it is estimated that renting will top homeownership 7 out of 10 times.

Due to a lack of inventory, the home prices in the Dallas, Denver, and Houston areas have increased by 11.6%, 8.3%, and 6.6% respectively. Home prices in these areas will begin to return to more normal levels once residents realize that renting is not the best option, therefore bringing home affordability back as well.

Bottom Line

The majority of the country is strongly in buy # territory. Buying a # home makes sense socially and financially, as rents are predicted to increase substantially in the next year. Protect yourself from rising rents by locking in your # housing cost with a # mortgage payment now.

To Find Out More About the Study: The BH&J Index and other FAU real estate activities are sponsored by Investments Limited of Boca Raton. The BH&J Index is published quarterly and is available online at http://business.fau.edu/buyvsrent.

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Harvest Villages at Vernola Ranch

The Harvest Villages at Vernola Ranch

The Harvest Villages At Vernola Ranch - The new community of Harvest Villages, from Lennar homes, offers single-family homes with built-in amenities. These include solar panels, kitchens with granite countertops, and even the Everything’s Included package. The community is turning out to be very modern and family-orientated.

Harvest Villages is a small neighborhood located in the semi-urban community that is Mira Loma. It became part of the city of Jurupa Valley when it was voted to be incorporated into the city in 2011. 

Schools - Harvest Villages is a wonderful place to raise a family, with and an assortment of schools. Mira Loma Middle School, the local intermediate school. Jurupa Valley High School is just outside of Harvest Villages. The public high school offers various sports and activities. 

What Is There To Do - There are two enormous shopping centers just across the 15 freeway from Harvest Villages. The centers have stores that provide necessities to the neighborhood, such as Target, Home Depot, and Vons. The shopping center also provides department-like stores that one might find in a mall, like TJ Maxx, Home Goods, Tilly’s, Sports Chalet, Famous Footwear, and even beauty stores like Ulta. The shopping center is also very popular because it provides entertainment. Edwards Eastvale Gateway Stadium 14 is located in the center, providing a variety of new movies in large theaters. 

Eats - Just outside the theater lies a courtyard, where people like to relax, and enjoy a dessert of frozen yogurt or from the Nestle Tollhouse. The shopping center would definitely not be complete without a variation of restaurants, with many to choose for every occasion and everyone’s different tastes and interests. The Food Court section part of the center has common and delicious foods like the Habit for burgers, and Dickey’s for barbecue. There are also more formal restaurants such as Johnny Carino’s and Applebee’s. There is even a more offbeat collection of restaurants in the corner of the shopping center: Zip Fusion Sushi, Thai Bamboo Café, and Pho Viet. These varieties of Asian cuisines demonstrate some of the cultural diversity in the area and give people the opportunity to experiment and try something new. But Mira Loma even has its own sets of restaurants and stores on the east side of the 15 freeway. It has small restaurants like Steer n Stein and has a few authentic Mexican shops that are popular for the meat and chicken that they sell. Nearby there are also establishments such as the Glen Avon Library.  

Community - Over the past years, Mira Loma has become an ideal place to live. With expansion and progress in Southern California moving South and coming our way, that can only mean improvements and development for Jurupa Valley. But even the way that the area is, it is a reasonable distance from both Los Angeles and San Diego, but it provides an escape from the metropolitan life, by maintaining a balance between urban and rural. If contemplating on moving into the Harvest Villages community, it is important to consider the assets for schools, entertainment, the community itself, and development. And while development is spreading towards the area, Harvest Villages will maintain its spirit that is central to the community.

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The Great News About Rising Prices for Homeowners

The Great News About Rising Prices for Homeowners - Recently there has been a lot of talk about # home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers out looking for a # home, which has caused prices to rise.

The great news about rising prices, however, is that according to CoreLogic’s US Economic Outlook, the average American # household gained over $11,000 in equity over the course of the last year, largely due to home value increases.

The map below was created using the same report from CoreLogic and shows the average equity gain per mortgaged home from June 2015 to June 2016 (the latest data available).

For those who are worried that we are doomed to repeat 2006 all over again, it is important to note that # homeowners are investing their new-found equity in their # homes and themselves, not in depreciating assets.

The added equity is helping families put their # children through # college, invest in starting small businesses, allowing them to pay off their mortgage sooner or move up to the home that will better suit their needs now.

Bottom Line

CoreLogic predicts that home prices will appreciate by another 5% by this time next year. If you are a homeowner looking to take advantage of your home equity by moving up to your dream home, let's get together to discuss your options!

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Here Are Some Home Listed in the 
Jurupa Valley Area

5 Reasons to Love Using A Real Estate Pro

Highlights:

• Hiring a # real estate professional to guide you through the process of buying a # home or # selling your house can be one of the best decisions you make!
• They are there for you to help with paperwork, explaining the process, negotiations, and helping you with pricing (both when making an offer or setting the right price for your home).
• One of the top reasons to hire a # real estate professional is their understanding of your local market and how the conditions in your neighborhood will impact your experience.

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Buyers Are Searching For Your House - Celina Vazquez Blog

Buyers Are Searching For Your House

Buyers Are Searching For Your House - The most recent Pending Homes Sales Index from the # National Association of Realtors revealed a slight bump in contracts with an increase of 1.6% in December. This news comes as existing home sales are also forecasted to be on pace for 5.54 million in 2017, a 1.7% increase over 2016, which was the best year for sales in a decade.

The # Pending Home Sales Index is a leading indicator for the # housing sector, based on pending sales of existing # homes. A sale is listed as pending when the contract has been signed but the transaction has not closed.

According to # NAR’s Chief Economist, Lawrence Yun,

“Pending sales bounded last month as enough buyers fended off rising mortgage rates and alarmingly low inventory levels to sign a contract.”

So, what’s the problem?

Buyers are searching for existing homes, but supply is not keeping up with their demand!

Yun went on to explain,

“The main storyline in the early months of 2017 will be if supply can meaningfully increase to keep price growth at a moderate enough level for households to absorb higher borrowing cost. Sales will struggle to build on last year’s strong pace if inventory conditions don’t improve.” (emphasis added)

Bottom Line

Buyers are out in force right now! If you are considering selling your home this year, the early months of 2017 will be your best option. Let’s get together to discuss how you can capitalize on current market conditions.

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Lack of Homes for Sale Slowing Down the Housing Market

Lack of Homes for Sale Slowing Down the Housing Market - The # housing crisis is finally in the rear-view mirror as the # real estate # market moves down the road to a complete recovery. Home values are up. Home sales are up. Distressed sales (foreclosures and short sales) have fallen dramatically. It seems that 2017 will be the year that the housing market races forward again.

However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. While buyer demand looks like it will remain strong throughout the winter, supply is not keeping up.

Here are the thoughts of a few industry experts on the subject:

National Association of Realtors

“Total housing inventory at the end of December dropped 10.8%...which is the lowest level since NAR began tracking the supply of all housing types in 1999. Inventory has fallen year-over-year for 19 straight months and is at a 3.6-month supply at the current sales pace.”

Jonathan Smoke, Chief Economist for Realtor.com

“More than two-thirds of the markets are seeing less inventory now compared to a year ago.”

Lawrence Yun, Chief Economist at NAR:

“The dismal number of listings in the affordable price range is squeezing prospective first-time buyers the most. As a result, young households are missing out on the wealth gains most homeowners have accrued from the 41% cumulative rise in existing home prices since 2011.”

Sam Khater, Deputy Chief Economist at CoreLogic

“The lack of affordable supply is really driving up home prices.”

Peter Muoio, Chief Economist at Auction.com

“Tight housing inventory remains a constraining factor limiting stronger sales growth…

We expect further price growth to entice more homeowners to list their homes, particularly as existing homeowners have greater equity.”

Bottom Line 

If you are thinking of selling, now may be the time. Demand for your # house will be strong at a time when there is very little competition. That could lead to a quick sale for a really good price.

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Sales at Highest Pace in 10 Years! 

Highlights:

• 5.45 million existing #homes were #sold in 2016! This is the highest mark set since 2006.
• Inventory of existing #homes for sale dropped to a 3.6-month supply, the lowest level since NAR began tracking in 1999.
• The median price of #homes sold in December was $232,200. This is the 58th consecutive month of year-over-year price gains.
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