Pending home sales increased again in March, affirming that a surge of home sales is unfolding for the spring home buying season, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contracts signed in March, rose 5.3 percent to 102.9 from 97.7 in February, and is 21.1 percent above March 2009 when it was 85.0; this follows an 8.3 percent increase in February. The data reflects contracts and not closings, which usually occur with a lag time of one or two months. Lawrence Yun, NAR chief economist, said favorable affordability conditions have been working with the tax credit. "Clearly the home buyer tax credit has helped stabilize the market. In the months immediately following the expiration of the tax credit, we expect ... 05/10/2010

Borrowers who are facing foreclosure may ask the lender to accept a discounted payoff on their loan. This is called a "short sale" or "short payoff". It allows the borrower to avoid a foreclosure action, and may offer the lender an expedited and less costly resolution of the situation.Historical trends tell us that the number of short sales has increased when changing markets soften home prices and leave homeowners with a higher mortgage interest rate or loan balance. For the consumer, negotiating a short sale with the lender may seem a daunting task, particularly at a stressful time when foreclosure looms. A short sale allows the borrower to maintain a better overall credit record than with a foreclosure. It also allows time for the homeowner to relocate on a more convenient timetable ... 04/12/2010

Last Thursday State lawmakers passed SB 401 which will exempt borrowers who lost their homes to foreclosure or short sales in 2009 from paying state taxes.State officials say as much as 100,000 people statewide will be spared from paying tax they otherwise would owe.The bill extends the state ban from 2009 through the end of 2012. It also bans state taxes on federal stimulus grants for renewable energy projects.The bill still needs to be signed by Gov. Schwarzenegger, however a spokesman for the governor said he will sign the bill. Who is affected: Primarily, the bill affects people who had debt forgiven as they lost homes in foreclosures, short sales and deeds in lieu of foreclosure last year - and through 2012 now. Also affected: those who got loan modifications that cut the amount th... 04/11/2010

Those of you traveling along the I-15 may have noticed some changes on the west side of the freeway where it crosses the Santa Ana River just south of Eastvale, California.  Construction is now in full swing on what is expected to be one of the premiere Olympic quality equestrian complexes in the nation - Silverlakes Equestrian and Sports Complex. This new facility, located within the City of Norco, will feature the following: 16 Grass fields with state-of-the-art bermuda natural grasses 8 Sand arenas for multi-discipline equestrian events 11 Year-round synthetic fields appropriate for soccer/lacross/football/field hockey RV Campground & Staging area with direct access to the 120-mile Santa Ana River Trail Internal Bridle Trail winding throughout the complex "The Barn" - multipurpose bu... 03/25/2010

Norco, California Real Estate Market Report- November 1st, 2009Norco Active Listings= 67Lowest priced listing in Norco = $168,000.00Highest priced listing in Norco = $1,250,900.00Active Listings Property Type: 67 Single Family Residences 0 Condos/Townhouses                               Active Listings Sale Type: 33 Standard Listings 10 REO* Listing 24 Short Pay** Listings                               Active Listings Price Range: 32 priced at or above $500,000.00 35 priced below $500,000.00                               Norco properties in Pending & Back Up Status= 88Pending & Back Up Status Listing Type: 25 Standard Listings 16 REO* Listings 47 Short Pay** Listings                               Norco Properties Sold From 10/1/09-10/31/09= 27October, 2009 Sales Type: 5 Standard Sales 1... 11/02/2009

Norco Real Estate Market Report- October 1st, 2009 Norco Active Listings= 65Lowest priced listing in Norco= $130,000.00Highest priced listing in Norco= $1,495,000.00Active Listings Property Type: 65 Single Family Residences 0 Condos/Townhouses                             Active Listings Sale Type: 36 Standard Listings 8 REO* Listing 21 Short Pay** Listings                               Active Listings Price Range: 24 priced at or above $500,000.00 41 priced below $500,000.00                               Norco Properties in Pending & Back Up Status= 84Pending & Back Up Status Listing Type: 16 Standard Listings 24 REO* Listings 44 Short Pay** Listings                               Norco Properties Sold From 9/1/09-9/30/09= 26September, 2009 Sales Type: 4 Standard Sales 16 REO* Sales 6 Sh... 10/02/2009

  The history of Norco began with a Mexican Grant of land given Vicenta Sepulveda. The area of land passed through many different owners until it was purchased by the North Corona Land Company in 1921, by which Norco received its name - derived from North Corona. Since then Norco has developed much. In the 20's Rex B. Clark purchased the land. He was responsible for much of the buildings in Norco. One of the most prominent developments Clark produced was the Norconian Club and Hotel. The resort was the "in" spot for Hollywood elite as many came to relax by the 65 acre Lake Norconian or take advantage of the famous natural sulfur wells. The hotel began a downward spiral shortly after the stock market crash of 1929. The hotel was bought in 1941 and used off and on for many years as a Nava... 07/03/2008

This Saturday March 29th from 10am - 4pm friends and family will be holding a fund raiser for Kevin Russell.Kevin Russel is a great father, husband and friend and needs our help. A former President of the Norco chamber of Commerce and a Corona-Norco Unified School District PTA Council member.He recently had a serious heart-attack. To help Kevin, his wife and 12 year old son, in this crucial time, we invite you to attend a fund raiser held in his benefit at Beacon Hill Gallery in Norco. There will be a silent Auction, Raffels, Food and several vendor booths.Here are just few examples of the Silent Auction items:Hidden Valley Golf Course: 3 Golf Packages, $500 value ea. Brunswick Classic Lanes: 2 family packs, $70 value ea. Tutor club: 6 sessions plus reg and tests: $800 value Time to rel... 03/27/2008

Does a higher SCORE in activerain makes You a better REALTOR of lender?If You were a buyer or seller............  Would You go with the one with the highest score? Is this person better? Or would You go with the one with the lowest score? Maybe the person with the lowest score spends more time marketing your property and getting the job done vs. the person scoreing high in activerain and lacking in other fields like marketing, prospecting, followup etc. Maybe the person with a 6 figures score is the person to list with(?)What do You think? 03/17/2008

There are two ways to lower your property taxes in Norco which are legal and FREE.1) If you qualify, appeal your property tax assessment2) Claimed your Homeowner's Tax ExemptionAPPEAL YOUR TAX ASSESSMENTHome values in Norco have decreased over the last year, you may be able to lower your property taxes? This will only apply if you purchased your home or have been re-assessed in the last couple of years?If the above information applies to you, you may be able to do something that will cost you nothing.  This simple process can save you hundreds of dollars in future property taxes.  Lower you Property Tax Bill NOW !Each county operates differently but the simple answer is that all you need to do is ask for your property to be re-assessed.Some counties are proactive and are already plannin... 02/02/2008

November  2007 Comparison to November 2006November Average Price            Average Price TrendNovember 07 # Sold                        2007                   20067                            $610,536             $653,611          -6.6%Riverside County Homes for Sale Monthly Totals:November #Sold 2007    #Sold 2006   %Chg             2007                20062043              1900            +7.5%         $395,206         $426,711        -7.4%Closed Residential Resale Transactions As Reported By Dataquick Information Services. I post this information monthly so you can keep up with trends in a few select cities in Riverside County. I always post the city of Riverside as a comparison with the specific city as well. Brought to you by: Doug Beaver Corona, Norco, Riverside Homes for sale Re... 12/29/2007

October  2007 Comparison to October 2006October Average Price            Average Price TrendOctober 07 # Sold                        2007                   200621                          $585,024             $571,000          2.5%Riverside County Homes for Sale Monthly Totals:October 07 # Sold                     2007                      20062275                   $390,084                $449,956        -13.3%Closed Residential Resale Transactions As Reported By Dataquick Information Services. I post this information monthly so you can keep up with trends in a few select cities in Riverside County. I always post the city of Riverside as a comparison with the specific city as well. Brought to you by: Doug Beaver Corona, Norco, Riverside Homes for sale Real Estate Realtorhttp://www.coro... 12/11/2007

Santa Claus was caught by the local constable speeding in the back streets of Norco California on December 1, 2007.That's right just before Norco California's Third Annual Parade of Lights. An event that has drawn over 5,000 Equestrian Spectaters for the third year. The parade of lights is a parade where no motorized vehicles are allowed. Horse Drawn, Dog Drawn or People Drawn all entries can not be pulled by any motorized device. Some local residents when questioned stated; "It makes sense that the Old Claus would choose Norco Horse Town USA to warm up the old Reindeer in preperation for this years big event""It's unfortunate with Norco's Strict speed laws to protect the Equestrian way of life that Santa would get caught up in the Sheriff's Speeding snare this year"Yes it is mixed feel... 12/04/2007

September  2007 Comparison to September 2006September Average Price            Average Price TrendSeptember 07 # Sold                        2007                   200625                            $677,855            $596,981          +13.5%Riverside County Homes for Sale Monthly Totals:September 07 # Sold                     2007                      20062244                   $405,098                $502,621        -10.7%Closed Residential Resale Transactions As Reported By Dataquick Information Services. I post this information monthly so you can keep up with trends in a few select cities in Riverside County. I always post the city of Riverside as a comparison with the specific city as well. Brought to you by: Doug Beaver Corona, Norco, Riverside Homes for sale Real Estate Realtorht... 11/02/2007

OPEN HOUSE ON 111 RAWHIDE LANE, NORCO PLEASE COME JOIN ME AT:111 RAWHIDE LANENORCO, CA., 92860 SATURDAY  11/3/07 1PM - 4PM COMPLETELY REDONE HOME ON 1/2 ACRE OF HORSE PROPERTY IN HORSE TOWN USA.  GRANITE COUNTERTOPS, NEW STAINLESS STEEL APPLIANCES, CUSTOM CABINETRY JUST TO NAME OF FEW OF THE UPGRADES.  THIS HOME IS ABOLUTELY TURNKEY.  COME BY AND SEE.  PLENTY OF ROOM FOR CRITTERS AND TOYS.  OWNER IS VERY MOTIVATED AND HOME IS PRICED TO TO SELL AT $580,000.00 11/02/2007

August  2007 Comparison to August 2006August Average Price            Average Price TrendAugust 07 # Sold         2007                   200615                            $585,000              $639,000          -8.45Riverside Homes for Sale Monthly Totals:August 07 # Sold      2007                      2006262                      $411,000                $423,000        -2.84%Closed Residential Resale Transactions As Reported By Dataquick Information Services. I post this information monthly so you can keep up with trends in a few select cities in Riverside County. I always post the city of Riverside as a comparison with the specific city as well. Brought to you by: Doug Beaver Corona, Norco, Riverside Homes for sale Real Estate Realtorhttp://www.coronariverside.com/ 10/01/2007

July  2007 Comparison to July 2006July Average Price            Average Price TrendJuly 07 # Sold         2007                   200624                     $612,500              $617,500          -0.81%Riverside Monthly Totals:July 07 # Sold      2007                      2006248                   $420,000                $427,500        -1.75%Closed Residential Resale Transactions As Reported By Dataquick Information Services. I post this information monthly so you can keep up with trends in a few select cities in Riverside County. I always post the city of Riverside as a comparison with the specific city as well. Brought to you by: Doug Beaver Corona, Norco, Riverside Homes for sale Real Estate Realtorhttp://www.coronariverside.com/ 09/20/2007

Norco California ( the city I live in ) has a great First Time Homebuyer asstance program. Below is a brief description of the program. NORCO FIRST-TIME HOMEBUYERThis down-payment assistance program is available to eligible moderate-income families or individuals seeking to purchase a home in Norco. Maximum amount of assistance is $80,000. Loans are for 30 years, 3% interest. Other restrictions apply.City of Norco Website:  http://www.norco.ca.us/ Post your cities assistance program or any other programs that you hear about on this Blog. Let's keep this discussion alive. I am posting this to localism.com so maybe we can get the public involved as well. Join Creative Financing, Grants Deal Closers Group and lets expand this discussion.Doug Beaver http://www.coronariverside.com/ Corona No... 09/15/2007

June 2007 Comparison to May 2006       June Comps             Sales Trend2007                  200611                       41             -73.2%June Average Price            Average Price Trend2007                   2006$614,364           $803,024          -23.5%Closed Residential Resale Transactions As Reported By Dataquick Information Services.Information from the County of Riverside Monthly Resale Report provided bt Fidelity National Title CompanyCounty of Riverside Monthly Totals:June Comps                    Sales Trend2007                  2006                                            1583                  2662           -40.5%                   June             Avg. Price       Avg. Price Trend2007                  2006$411,858           $437,534       -5.9%By: Doug Beaver Cor... 08/07/2007

PLEASE COME JOIN ME AT:111 RAWHIDE LANENORCO, CA., 92860 SUNDAY 8/5/07 1PM - 4PM COMPLETELY REDONE HOME ON 1/2 ACRE OF HORSE PROPERTY IN HORSE TOWN USA.  GRANITE COUNTERTOPS, NEW STAINLESS STEEL APPLIANCES, CUSTOM CABINETRY JUST TO NAME OF FEW OF THE UPGRADES.  THIS HOME IS ABOLUTELY TURNKEY.  COME BY AND SEE.  PLENTY OF ROOM FOR CRITTERS AND TOYS. 08/04/2007