Despite the negative financial stories coming out of the national news media, there are several reasons why there may not be a better time in the next twenty years to buy a home in Rancho Santa Margarita.
1. Low interest rates Interest rates are near 30 year lows. A lower rate means that you can obtain more home for the same payment. Although we've seen a raise in rates in the past few weeks, rates are expected to drop to a new low still.
2. Steady or rising prices Home prices in Rancho Santa Margarita area have generally continued to rise or at least hold steady throughout this mortgage crisis. Falling home prices have occurred mainly in areas of the Inland Empire, California, Florida, and Las Vegas, Nevada, because those were the areas where the speculating, during the "bubble", was most feverish. The Rancho Santa Margarita area has kept a stable housing market throughout this period. If living in Rancho Santa Margarita is a dream of yours, now is the time to act.
3. Affordability The Rancho Santa Margarita is extremely affordable and far enough away from the major metropolitan areas to live quietly. Put simply: you get more for your money here than you would virtually anywhere else, while still being able to live in or near a major city.
4. Stable Economy The economy in Rancho Santa Margarita is comparatively strong, and OC is no different. Sure, it's not as strong as we would like, but it is stronger than most coastal geographical areas. A strong economy means people need to find homes for their families to live in, so they can work in the area. People wanting to buy homes translates into a vibrant market where prices move up.
Rochelle Chacon
Certified Foreclosure & Short Sale Specialist
Experience, Knowledge and Proven Track Record
Keller Williams Realty
27101 Puerta Real Ste 150
Mission Viejo CA 92691
Cell: (949) 533-1262
Direct Fax (888) 583-8311
