HOME PRICES ARE STABILIZING, SIGNIFYING A HOUSING MARKET BOTTOM

From an article published on Forbes.com May 9, 2012: “Well, 2012 may or may not be the end of the world as we know it, but one thing is perhaps certain: it’s the end of the ghastly price hemorrhages home owners have suffered since the real estate market crashed in 2007. Nationally, home prices have dropped about 35% since the housing bubble burst – in the hardest hits areas, 55% or more. Yet new reports from several real estate research firms signify that home prices are finally stabilizing. The data reinforces a notion already asserted by many an economist, real estate agent and Wall Street investor: that 2012 is the year of the bottom.” To read the entire article please CLICK HERE.

HOME BUILDER CONFIDENCE HITS FIVE YEAR HIGH

An article posted in the Wall Street Journal, May 15, 2012 states “U.S. home builders’ sentiment rose in May to the highest level in five years as more potential buyers appeared confident that the housing market has hit bottom.”

“The National Association of Home Builders said Tuesday its housing market index was 29 this month, up five points from a month earlier and the highest reading since May 2007. April’s reading, however, was revised downward by a point to 24.”

“Builders in many markets are reporting that buyer traffic and sales have picked back up after a pause this April,” said Barry Rutenberg, the trade group’s chairman and a home builder from Gainesville, Fla. “It seems we have resumed the gradual upward trend in confidence that started at the beginning of this year.” To read the entire article please CLICK HERE.

OVERWHELMING DEMAND PROMPTS QUICK RELEASE FOR VAN DAELE’S ESTATES AT ETIWANDA IN RANCHO CUCAMONGA

OVERWHELMING DEMAND PROMPTS QUICK RELEASE FOR VAN DAELE’S ESTATES AT ETIWANDA IN RANCHO CUCAMONGA We are set to release a second phase of 5 premium lots this weekend!
For more information on our latest sales release call one of our Sales Counselors at (909) 652-0222 or stop by this weekend to take a tour through one of our beautiful model homes! For directions to our sales office please CLICK HERE.

THEY CAN’T GET MUCH LOWER! Freddie Mac: A second straight week of record low mortgage rates

FREDDIE MAC: A SECOND STRAIGHT WEEK OF RECORD LOW MORTGAGE RATES

From an article in The Los Angeles Times Business Section, May 10, 2012: “Mortgage rates have descended further into record low territory for the second straight week, with the average for a 30-year, fixed-rate loan dropping to 3.83% from 3.84% last week, Freddie Mac said.” To read the entire article please CLICK HERE.

REAL ESTATE OUTLOOK: AFFORDABILITY HIGH

From an article published in Realtytimes.com-May 8, 2012:

“Housing affordability is still at a record high, according to the National Association of Realtors (NAR). It is at the highest level since record keeping began in 1970. This is based on the relationship between median home price, median family income and average mortgage interest rate.”

“NAR President Moe Veissi, broker-owner of Veissi & Associates Inc., in Miami, said this latest data underscores buyer opportunities in today’s market. “This is the first time the housing affordability index has broken the two hundred mark, meaning the typical family has roughly double the income needed to purchase a median-priced home,” he said. “For buyers who can qualify for a mortgage, now is a very good time to become a homeowner.” To read the entire article please CLICK HERE.

MODEL GRAND OPENING THIS WEEKEND AT VAN DAELE ESTATES AT ETIWANDA

The model grand opening of Van Daele Homes’ newest community in Rancho Cucamonga promises to be tremendously successful fueled by overwhelming interest in this limited edition of just 33 homes. Van Daele Estates at Etiwanda will debut models and begin sales this weekend, May 5-6. Interested homebuyers are encouraged to arrive early to be first in line for the Phase I homes which are priced from the mid $400,000’s.

The stunning models will be unveiled showcasing examples of the three varied exteriors influenced by Spanish, Tuscan and Cottage architecture. With three distinctive plans and three themed elevations for each plan, this private enclave on a quiet cul-de-sac street will seem semi-custom. Adding to that appeal is a myriad of customizing options including an office, imagination room, outdoor California room, extended garage area, great room, library, music room, bonus room, super family room, guest suite or max bedrooms.

Van Daele Estates at Etiwanda offers a rare one-story floorplan showcases 2,731 to 2,896 sq.ft. Grand two-story plans offer from 3,176 to 3,949 sq.ft. Four to six bedrooms with 3.5 to 5.5 baths allow families of all sizes to find the perfect home at Van Daele Estates at Etiwanda.

Homeshoppers will be impressed by Van Daele’s price-included, custom caliber amenities such as granite countertops, richly stained beechwood cabinetry, 9’ ceilings on all levels and architectural detailing throughout. And, all homes are built to the standards of their Efficient By Design® program utilizing environmentally-friendly construction methods, supplies and products. Energy efficient features result in daily comfort and long-term cash savings for homeowners.

Van Daele Estates at Etiwanda is situated in a premier Rancho Cucamonga location where homebuyers can enjoy the ease, beauty and conveniences of this highly desirable area. Freeway access is within minutes providing commuting corridors via the Interstate 15, the 60, 10 or 210 freeways. One look to the north provides soaring views of the local mountains and a wealth of recreational opportunities. Just a few blocks from Van Daele Estates is the popular Victoria Garden outdoor promenade shopping center and cultural center, the Quakes minor league baseball stadium, and a wealth of restaurants. Conveniently nearby is Citizens Bank Arena and Ontario International Airport. Parents will be pleased with the location within the Etiwanda School District.

“Rancho Cucamonga is one of our preferred locations to build communities. The area has so much to offer families and the backdrop of the mountains is stunning. It’s a great pleasure to be offering another community of outstanding quality at an incomparable pricing,” says Michael Van Daele, Chief Operating Officer of Van Daele Homes.

To visit Van Daele Estates at Etiwanda for the grand opening, take Interstate 15 to Baseline in Rancho Cucamonga and exit west. The community is located on the right. The new models and sales center are open daily 10 am to 6 pm and noon to 6 pm on Wednesdays and Sundays. For more information, CLICK HERE , or follow Van Daele Homes on Facebook.

PAYMENTS ARE SURPRISINGLY AFFORDABLE WITH RECORD LOW INTEREST RATES

PAYMENTS ARE SURPRISINGLY AFFORDABLE WITH RECORD LOW INTEREST RATES-CALL ONE OF OUR SALES COUNSELORS FOR DETAILS

From an article published in The Los Angeles Times Business Section- May 4, 2012: “Mortgage rates are again at record lows, with lenders offering 30-year loans at an average of 3.84%, Freddie Mac’s weekly survey shows.” To read the entire article please CLICK HERE.

NAR: PENDING HOME SALES RISE TO HIGHEST LEVELS IN 2 YEARS

From an article posted in Housingwire.com-April 26, 2012:

“Pending home sales increased in March and are well above a year ago, according to the National Association of Realtors. NAR’s pending home sales index, a forward-looking indicator based on contract signings, rose 4.1% to 101.4 in March from an upwardly revised 97.4 in February. It is 12.8% above March 2011 when it was 89.9. The data reflects contracts but not closings.” To read the entire article please CLICK HERE.

PRICES ARE SET TO BEGIN RISING AND RENTS ARE AT A HIGH- WHAT ARE YOU WAITING FOR?

From an article in the Los Angeles Times Business Section- May 1, 2012: “The 65.4% home ownership rate in the first quarter is down from 66.4% a year earlier, according to the Census Bureau. But recent data suggest the housing market’s outlook is promising.” “Pending home sales are at their highest level since April 2010, according to the National Assn. of Realtors. Lawrence Yun, the group’s chief economist, said the market “has clearly turned the corner.” “Price declines are easing. Housing data provider Zillow said last week that home values are bottoming in most major markets and are set to begin rising in metropolitan areas such as Los Angeles.” To read the entire article please CLICK HERE.

CALIFORNIA PENDING HOME SALES HIGHEST LEVEL IN NEARLY THREE YEARS

From the California Association of Realtors Newsline-April 25, 2012:
California pending home sales posted higher for the third consecutive month in March, rising from both the previous month and year, C.A.R. reported Tuesday. Additionally, the share of distressed sales dropped for the second consecutive month, as equity sales typically increase with the start of the spring home buying season. To read the entire article please CLICK HERE.

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