WHY SHOULD YOU BUY NOW INSTEAD OF WAITING



Market Snapshot: Why should you buy now instead of waiting? 

The year 2013 can be categorized by a significant turnaround in the housing market across the nation. While lack of homes available for sale constrained home sales in many markets across California, it contributed to a substantial increase in home prices. Existing single family sales for 2013 are predicted to fall 2.1 percent short of 2012 sales, yet median home prices are expected to show a 28 percent improvement over 2012-- with the median reaching $408,600.
Read more:

The Future of Housing Finance

Executive Report: The Future of Housing Finance
C.A.R.’s new Thought Leadership Program has released its second executive report titled, “The Future of Housing Finance: Economic and Policy Insights.” This report presents the findings of a high-level roundtable that C.A.R recently convened featuring experts at the top of their field in economics and finance.

The panelists, which included professors Janice Eberly, Edward Leamer, Richard Green, and David Min,  discussed real estate market conditions, mortgage finance, housing policy, and the financial recovery. C.A.R. CEO Joel Singer moderated this private roundtable discussion.
Read the report

Randy E. Guth                                                  
1450 University Ave. Suite F2 Riverside, CA 92507 Ph 951-300-1010 Fax 951-300-1021 Cell 951-347-9773 Rguth@exitgmw.com

http://www.searchhomesinlandempire.com/
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For a short video on the EXIT story please go to www.ExitRealty.com <http://www.exitrealty.com/> and click 'Up Close and Personal with EXIT'

New Home Sale Surge in October



New home sales surge in October
Source: The LA Times

The Commerce Department is reporting that sales of newly built single-family houses rose 25.4 percent from September to a seasonally adjusted annual rate of 444,000. Sales are up 21.6 percent in comparison to October 2012.
Read the full story

Randy E. Guth                                                  
1450 University Ave. Suite F2 Riverside, CA 92507 Ph 951-300-1010 Fax 951-300-1021 Cell 951-347-9773 Rguth@exitgmw.com

http://www.searchhomesinlandempire.com/
http://www.exitinlandrealty.com/

For a short video on the EXIT story please go to www.ExitRealty.com <http://www.exitrealty.com/> and click 'Up Close and Personal with EXIT'

Fast Facts



Fast Facts

Calif. median home price: September 2013: 

• California: $428,810
• Calif. highest median home price by region/county September 2013: San Mateo, $908,000
• Calif. lowest median home price by region/county September 2013: Glenn, $134,000

Calif. Pending Home Sales Index: September 2013: Decreased 1.8 percent from 108.3 in August to 106.4 in September.
 
Calif. Traditional Housing Affordability Index: Third Quarter 2013: 32 percent (Source: C.A.R.)

Mortgage rates: Week ending 11/14/2013 (Source: Freddie Mac)

• 30-yr. fixed: 4.35% fees/points: 0.7%
• 15-yr. fixed: 3.35% fees/points: 0.7%
• 1-yr. adjustable: 2.61% Fees/points: 0.4%
• Randy E. Guth                                                  
  1450 University Ave. Suite F2 Riverside, CA 92507 Ph 951-300-1010 Fax 951-300-1021 Cell 951-347-9773 Rguth@exitgmw.com
  http://www.searchhomesinlandempire.com/
  http://www.exitinlandrealty.com/
  For a short video on the EXIT story please go to www.ExitRealty.com <http://www.exitrealty.com/> and click 'Up Close and Personal with EXIT'

School For Sale



15733 First Street, Victorville, CA
Split level, 18270 Sq. Ft. Home, Built in 1951.		Offered At $1849900 For more information on this property, Click Here!
For More Information Contact:
Randy Guth Owner/Agent Web: SearchHomesInlandEmpire.com E-Mail: Randy@SearchHomesInlandEmpire.com Phone: (951) 347 9773 Exit Inland Realty     15733First.homes7.com The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. The listings you view, may or may not be listed by the agent or office from whose site you obtained it. The information at this site is provided solely for informational purposes and does not constitute an offer to sell, rent, or advertise real estate outside the state in which the owner of the site is licensed. The owner is not making any warranties or representations concerning any of these properties including their availability. Information at this site is deemed reliable but not guaranteed and should be independently verified.

15733First.homes7.com


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For Sale Victorville Office Space



16248 Desert Knolls Dr., Victorville, CA
One story, 1738 Sq. Ft. Home, Built in 1951.		Offered At $149000 For more information on this property, Click Here!
For More Information Contact:
Randy Guth Owner/Agent Web: SearchHomesInlandEmpire.com E-Mail: Randy@SearchHomesInlandEmpire.com Phone: (951) 347 9773 Exit Inland Realty     16248DesertKnolls.homes7.com The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but is not guaranteed and should be independently verified through personal inspection and/or with the appropriate professionals. The listings you view, may or may not be listed by the agent or office from whose site you obtained it. The information at this site is provided solely for informational purposes and does not constitute an offer to sell, rent, or advertise real estate outside the state in which the owner of the site is licensed. The owner is not making any warranties or representations concerning any of these properties including their availability. Information at this site is deemed reliable but not guaranteed and should be independently verified.

16248DesertKnolls.homes7.com

New Listing 15421 Village Dr Victorville



New Listing 15421 Village Dr. Victorville

15421Village.homes7.com



Randy E. Guth                                                  
1450 University Ave. Suite F2 Riverside, CA 92507 Ph 951-300-1010 Fax 951-300-1021 Cell 951-347-9773 Rguth@exitgmw.com

http://www.searchhomesinlandempire.com/
http://www.exitinlandrealty.com/

For a short video on the EXIT story please go to www.ExitRealty.com <http://www.exitrealty.com/> and click 'Up Close and Personal with EXIT'

Spring Valley Lake Victorville CA: Retail/ Office space for Sale in Victorville

Spring Valley Lake Victorville CA: Retail/ Office space for Sale in Victorville:  http://www3.CARETScommercial.com/epropertydata/2119697462818 Randy E. Guth                                                   145...

Retail/ Office space for Sale in Victorville

http://www3.CARETScommercial.com/epropertydata/2119697462818

Randy E. Guth                                                  
1450 University Ave. Suite F2 Riverside, CA 92507 Ph 951-300-1010 Fax 951-300-1021 Cell 951-347-9773 Rguth@exitgmw.com

http://www.searchhomesinlandempire.com/
http://www.exitinlandrealty.com/

For a short video on the EXIT story please go to www.ExitRealty.com <http://www.exitrealty.com/> and click 'Up Close and Personal with EXIT'



MORTGAGE DELINQUENCY RATE DROPS NEARLY 25% IN LAST YEAR

Mortgage Delinquency Rate Drops Nearly 25% in Last Year
The mortgage delinquency rate (the rate of borrowers 60 days or more delinquent on their mortgage) dropped 23.3 percent in the past year, ending the third quarter at 4.09 percent, down from a year earlier when the rate stood at 5.33 percent, according to data gathered from TransUnion’s proprietary Industry Insights Report. The mortgage delinquency rate also dropped on a quarterly basis, down 5.3 percent from 4.32 percent in the second quarter, the seventh straight quarterly decline.

All 50 states and the District of Columbia experienced a decline in their mortgage delinquency rate between third quarter 2012 and third quarter 2013. Five states – California, Arizona, Nevada, Colorado, and Utah – experienced declines of 30 percent or more in their mortgage delinquency rate. Three states – California, Florida, and Nevada – had double-digit percentage drops in the last quarter.

TransUnion's latest mortgage report also found that the non-prime population (those consumers with a VantageScore® credit score lower than 700) continues to represent a smaller portion of all mortgage loans, more than 50 percent lower than was observed in 2007. Non-prime borrowers constituted 5.82 percent of all new mortgage originations in the second quarter.

TransUnion is forecasting that the downward consumer delinquency trend will continue in the final three months of 2013. The delinquency rate will likely be just under 4 percent at the end of the year.

Randy E. Guth                                                  
1450 University Ave. Suite F2 Riverside, CA 92507 Ph 951-300-1010 Fax 951-300-1021 Cell 951-347-9773 Rguth@exitgmw.com

http://www.searchhomesinlandempire.com/
http://www.exitinlandrealty.com/

For a short video on the EXIT story please go to www.ExitRealty.com <http://www.exitrealty.com/> and click 'Up Close and Personal with EXIT'

IRS and Short Sales



No Federal Debt Relief Income Tax on Short Sales
C.A.R. has been working with California Sen. Barbara Boxer to protect distressed homeowners from debt relief income tax associated with a short sale in California.  As part of this effort, Sen. Boxer requested the Internal Revenue Service (IRS) to provide guidance on whether mortgage debt forgiveness in a lender-approved short sale would be taxable income under federal law, given California’s recent non-recourse laws for short sales, which were hard fought victories by C.A.R.

The IRS has clarified in a letter that California’s troubled homeowners who sell their homes in a short sale are not subject to federal income tax liability on “phantom income” they never received.  The IRS recognizes that the debt written off in a short sale does not constitute recourse debt under California law, and thus does not create so-called “cancellation of debt” income to the underwater home seller for federal income tax purposes.  This clarification rescues tens of thousands of distressed home sellers from personal liability upon expiration of the Mortgage Forgiveness Debt Relief Act of 2007 on Dec. 31, 2013.

C.A.R. is seeking a similar ruling from the California Franchise Tax Board (FTB), which has been awaiting the IRS action; C.A.R. anticipates the FTB will act promptly.  Short sales may raise other tax issues and, as always, REALTORS® should advise their clients to speak with their tax professional regarding the tax consequences of a short sale. C.A.R.’s Legal Department has prepared a Realegal to further explain the IRS’s clarification.

Randy E. Guth                                                  
1450 University Ave. Suite F2 Riverside, CA 92507 Ph 951-300-1010 Fax 951-300-1021 Cell 951-347-9773 Rguth@exitgmw.com

http://www.searchhomesinlandempire.com/
http://www.exitinlandrealty.com/

For a short video on the EXIT story please go to www.ExitRealty.com <http://www.exitrealty.com/> and click 'Up Close and Personal with EXIT'



Servicing / The Ticker

Housing market remains resilient during seasonal slowdown

HousingWire Staff

November 14, 2013 11:15AM

1 Comment

According to Redfin, as the holiday season nears, the housing market is showing signs of stability and even resilience through the seasonal slowdown. Redfin has more:

The 19-market median sales price is up 15.3 percent year-over-year at $327,302, Redfin said.
Month-over-month prices ticked down slightly with a 0.9 percent decrease. Home sales were up 0.6 percent over last year’s very strong October with 74,363 homes sold this month. Inventory continues to be the low point in the housing market, down 10.4 percent over last year, and down 5.5 percent from last month. As we said last week, shifting market conditions, such as reduced competition and falling mortgage rates, likely sustained demand in October.

1736 W Admiralty St Colton CA

1736WAdmiralty.homes7.com

1736 W. Admiralty St., Colton, CA
Two stories, 1726 Sq. Ft. Home, Built in 1988.		Offered At $259000 4 Bedrooms, 3.0 Baths For more information on this property, Click Here!
For More Information Contact:
Randy Guth Owner/Agent Web: SearchHomesInlandEmpire.com E-Mail: Randy@SearchHomesInlandEmpire.com Phone: (951) 347 9773 Exit Inland Realty

Refi Activity Runs Out of Steam



Refi Activity Runs Out of Steam
Source: The Wall Street Journal

In comparison to last year, applications to refinance a mortgage have decreased by 57 percent. Since mortgage rates started rising last spring, refinance activity fell sharply, particularly in the second half of 2013.Read the full story

Randy E. Guth                                                  
1450 University Ave. Suite F2 Riverside, CA 92507 Ph 951-300-1010 Fax 951-300-1021 Cell 951-347-9773 Rguth@exitgmw.com

http://www.searchhomesinlandempire.com/
http://www.exitinlandrealty.com/

For a short video on the EXIT story please go to www.ExitRealty.com <http://www.exitrealty.com/> and click 'Up Close and Personal with EXIT'

An Important Update on Mortgage Debt Forgiveness



An Important Update on Mortgage Debt Forgiveness

An Important Update on Mortgage Debt Forgiveness

The IRS has clarified in a letter that California’s troubled homeowners who sell their homes in a short sale are not subject to federal income tax liability on “phantom income” they never received.  The IRS recognizes that the debt written off in a short sale does not constitute recourse debt under California law, and thus does not create so-called “cancellation of debt” income to the underwater home seller for federal income tax purposes.  This clarification rescues tens of thousands of distressed home sellers from personal liability upon expiration of the Mortgage Forgiveness Debt Relief Act of 2007 on Dec. 31, 2013. 

C.A.R. is seeking a similar ruling from the California Franchise Tax Board (FTB), which has been awaiting the IRS action; we anticipate the FTB will act promptly.  Short sales may raise other tax issues and, as always, you should advise your clients to speak with their tax professional regarding the tax consequences of a short sale.

Randy E. Guth                                                  
1450 University Ave. Suite F2 Riverside, CA 92507 Ph 951-300-1010 Fax 951-300-1021 Cell 951-347-9773 Rguth@exitgmw.com

http://www.searchhomesinlandempire.com/
http://www.exitinlandrealty.com/

For a short video on the EXIT story please go to www.ExitRealty.com <http://www.exitrealty.com/> and click 'Up Close and Personal with EXIT'

Spring Valley Lake Real Estate



$200000 Free Foreclosure List (Exit Realty Riverside, CA)

© craigslist - Map data © OpenStreetMap

1450 University Ave

0BRhouse

Just Click The Pic



Randy Guth, Owner / President

Randy Guth, Owner / President of EXIT Inland Realty, has been in the real estate business for over 12 years. A short sale and investment expert, Randy specializes in the purchase and sale of distressed properties. His expertise is of great benefit to his clients and his agents. He is passionate about helping his agents develop their skill sand master every aspect of the real estate business ensuring all of his firm's clients receive the level of service he would provide himself.

As a Franchisee, Randy is committed to providing his agents with efficient systems, leadership, training, and fostering a high-energy motivational atmosphere. The success of his agents is his success, and nothing makes him happier than to see his team succeed. He takes his responsibility as a leader seriously and has become one of the best trained in the business. He has completed training in every aspect of the business with some of the industry's leading REALTORS®, Brokers, and best known Trainers. He is equipped with the expert knowledge to guide and coach his agents in any specialty they wish to develop, and to assist his clients in all of their real estate endeavors.
interest rates http://youtu.be/QG3m1fEtPRk

RIVERSIDE CA -- EXIT INLAND REALTY

Because buying and selling a home is a big decision, Exit Inland Realty in Riverside, CA is your real estate source for Riverside, Canyon Crest, the Wood Streets and the University of California (UCR) area. You will have step-by-step guidance to make the buying/selling process as smooth as possible. Call us today at: 951-300-1010. You are our #1 priority. Please give us the opportunity to prove it!

Post URL: http://exitinlandrealty.com/Web/AR432688/Blog/post/?post_id=35721

Tags: Riverside California real estate, Riverside California foreclosures, Riverisdee California repos

1450 University Ave (google map) (yahoo map)

• Location: Exit Realty Riverside, CA

Spring Valley lake Home Search



$200000 HOME SEARCH IN RIVERSIDE, CA (Exit Realty Riverside, CA)

© craigslist - Map data © OpenStreetMap

0BR house

Just Click The Pic



Randy Guth, Owner / President

Randy Guth, Owner / President of EXIT Inland Realty, has been in the real estate business for over 12 years. A short sale and investment expert, Randy specializes in the purchase and sale of distressed properties. His expertise is of great benefit to his clients and his agents. He is passionate about helping his agents develop their skill sand master every aspect of the real estate business ensuring all of his firm's clients receive the level of service he would provide himself.

As a Franchisee, Randy is committed to providing his agents with efficient systems, leadership, training, and fostering a high-energy motivational atmosphere. The success of his agents is his success, and nothing makes him happier than to see his team succeed. He takes his responsibility as a leader seriously and has become one of the best trained in the business. He has completed training in every aspect of the business with some of the industry's leading REALTORS®, Brokers, and best known Trainers. He is equipped with the expert knowledge to guide and coach his agents in any specialty they wish to develop, and to assist his clients in all of their real estate endeavors.
interest rates http://youtu.be/QG3m1fEtPRk

RIVERSIDE CA -- EXIT INLAND REALTY

Because buying and selling a home is a big decision, Exit Inland Realty in Riverside, CA is your real estate source for Riverside, Canyon Crest, the Wood Streets and the University of California (UCR) area. You will have step-by-step guidance to make the buying/selling process as smooth as possible. Call us today at: 951-300-1010. You are our #1 priority. Please give us the opportunity to prove it!

Post URL: http://exitinlandrealty.com/Web/AR432688/Blog/post/?post_id=35721

Tags: Riverside California real estate, Riverside California foreclosures, Riverisdee California repos