11.9.2012 – New Home Sales

Buy now before prices rise further. Get that yard for your dog!

We have seen the U.S. real estate market change throughout 2012 and in previous years. The initial fall in our economy and the associated real estate market decline was shocking.

I remember always being told that real estate is the one sure investment. I was taught that property always appreciates. So when the opposite happened, it was completely unexpected and somewhat surreal. It still seems odd due to the ingrained concepts I was given. What has happened wasn’t supposed to ever happen!

The rise in real estate prices, although gradual, have helped to create some optimism. However, there remains uncertainty and lingering questions. Will things ever go back to where they were before?

Although we can attempt to make predictions, only time will tell the direction of the market. If we choose to focus on the positives, it is good to know that increases are happening. In fact, I found a US News article that reports a two year high in new home sales in September. Below is a link to the article.

New Home Sales Surge in September According to US News Report.

Since we know that the market is on the rise, which means an increase in prices, why wait?! If you want to buy, do it now if you can. If the thing holding you back is lack of funding, consider Source Capital. Regardless of your credit history, past experiences and current situation, you may qualify for a hard money loan. Real estate loan experts, Sacha Ferrandi and Pat Hook of Source Capital give opportunities to people that otherwise would not be able to buy property. They understand that just because you have bad credit doesn’t mean you are a bad person. Bad credit can and does happen to good people.

Source Capital Funding, Inc. is a direct, private hard money lender that provides hard money loans throughout Arizona and California. We lend in all major cities in California, including San Diego, Los Angeles, San Francisco, Anaheim, San Jose, Fresno, Oakland, Sacramento, Bakersfield and Riverside and also in Arizona including, Phoenix, Tucson, Mesa, Chandler and Glendale. If you need a private hard money lender to fund your hard money loan or you want to work with Source Capital Funding as an investor, contact them at 858.705.6144. You can also email Pat or Sacha using this convenient online form.

Just a reminder that liking Source Capital on Facebook or following us on Twitter are easy ways to keep up with this blog and the changing real estate market. If you want to learn more about us, read some of the reviews our hard money loan clients, private money investors and real estate brokers have posted on our Google profile page.

In keeping with this time of year, the temperatures in San Diego County have dropped some. We even had some rain the last two days. I know you may not love the rain like I do, but regardless of the weather and your climate preferences, I hope you have a great weekend! –Sindi Somers