Ray's Real Estate Blog

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Real Estate Agent - Keller Williams Realty - 01702953
Here you'll find Real Estate market updates and other information of interest to those buying & selling a home.
The local Inland Empire Real Estate market is increasingly becoming more, and more difficult.  New home sales fell 37.2% in September and 33% of buyers actually ended up canceling their transaction before closing.  Most experts attribute this to tighter financing restrictions or to the consensus...
Yep, foreclosures are on the rise.  In fact, they’re going to continue to rise.   Houses are staying on the market longer.  The market’s softening.  Buyers can’t get loans.  New homes are not selling. But is anyone paying attention to the “other” news?  The writers are striking.  That’s right.  ...
Last week, I posted a blog regarding a project that my family is involved in:  OPERATION CHRISTMAS CHILD!  Read my previous blog for information on this wonderful ministry. I would like to provide an update on our progress.  Thus far, we have more than enough funds and items to fill and deliver ...
Well, just what we thought would happen, happened.  The Feds dropped the discount rate down a quarter percent. This was exactly what the economists had projected, so it's no big surprise, however it is a welcome change.  This now puts the discount rate at 4.5%.  Most of the industry experts and ...
Attention all Readers: I am partnering with Chick-fil-A restaurants and Operation Christmas Child to bring gifts to children all over the world this Christmas and I invite everyone to join me. Operation Christmas Child, is the ministry of Franklin Graham, the son of evangelist Billy Graham.  Sinc...
Here’s a True Story: Seller # 1 listed her home at the list price I suggested.  I explained to her that we’d list it under market value to get it sold quickly and hopefully for a price higher than the listing price, if possible.  I ran no newspaper ads.  I conducted no open houses.  She had tons...
I may sound like a broken record but much is the same in the Riverside Real Estate Market.  Housing sales fell at a record setting rate and home prices declined by double digits for Riverside county last month.  In September, Riverside County saw a 53.3% drop in housing sales compared to the sam...
The recent U.S. subprime mortgage problems are affecting everyone including sellers, buyers, lenders, banks, developers, remodeling and pool contractors and now even credit card holders. Citigroup, the largest U.S. bank estimated it's 3rd quarter profits will decline 60% and consumer credit costs...

Ray Wright

SoCal Realtor - A.L.C. - Company Trainer & Coach
local_phone(951) 776-5724
smartphone(951) 312-3133
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Search All Homes Available for Sale and Get Real Estate market updates and other information of interest to those buying and selling a home. Visit me on the web at: http://www.RayWrightSellsHomes.com Click on the link below to find help to avoid Foreclosure: http://www.ForeclosurePreventionSeminar.com