First-time home buyers have had it rough the past few years. It’s been hard for them to know when to jump into the market, and when they do they get beat up with various market conditions, regulations and lenders that take out on buyers the mistakes the banks made in the mortgage markets.
And even now with inventory low and short sales that could test the patience of Gandhi himself, buyers must realize that prices are on the rise, but interest rates are incredibly low. Yes, lack of homes for sale make it tough and every home priced sensibly has multiple bids, but right now is an amazing time to jump in.
Below you will find a few charts that compare California, Los Angeles and Inland Empire entry-level prices, payments, taxes, etc. to help understand these real estate markets.
And if you need help finding a home use these links here: