The Power is Now

Real Estate Market Updates from San Diego, Arizona, and Corona, CA

Phoenix Rent Growth

The September 18 Real Estate Round Table show featured the following guests Dennis Matthis, Yvonne McFadden, and Jenny Gonzalez from San Diego, Arizona, and Corona, CA, respectively. The three are real estate professionals, experts, and VIP Agents with The Power Is Now. The Real Estate Round Table takes place every first and third Friday every month at 10.30 a.m. and features real estate professionals who are our VIP Agents. The show focuses on real estate market updates and the most recent trends.

Arizona

Arizona is represented in The Power Is Now by Yvonne McFadden, who works with DeLex Realty. Yvonne mostly focuses on new homes. “With new homes, the buyers get exactly what they want,” she said.

According to Yvonne, the Arizona housing market is currently experiencing historically low inventory. “The new home builders are not sitting with a lot of inventory,” Yvonne says. “You will have a nine to 12 month wait.”

However, these new home communities in Arizona have a way of keeping you busy as you wait. “Several of these new home communities, especially the 55 plus, have beautiful homes for you to stay in for two to three days as you immerse yourself in the community to ensure that you want to be part of this spectacular communities we have here in Arizona.” Yvonne said.

Moreover, in the housing market for resale, supply is very low while demand is still high. “That’s why you should look at new builds.” Yvonne states. “Because you will have the opportunity to live a stress-free life.”

According to Yvonne, the minimal home price in Arizona is $280,000. “Realistically, you can purchase and move into a new home today for $340,000,” Yvonne stated. “That’s unheard of. And that’s a three bedroom, two bathroom.” The rents have also soared in Arizona. This makes Arizona a perfect place for investors. “It’s time to purchase and it’s a great time to be an investor here in Arizona,” Yvonne adds.

San Diego

San Diego was represented on the Real Estate Round Table by Denise Matthis, a broker with DEM Real Estate and Financial Services, and a VIP Agent with us.

The San Diego housing market is currently a hot market. According to Denise, the median home prices in San Diego was at $655,000 as of September 18. As of the same date, the San Diego housing had only 4,160 properties for sale, which is not a lot, according to Denise. The housing inventory in the San Diego market is very limited. According to Denise, the number of properties being made on a property is minimal between 10 and 15. “If it’s priced properly, you’re going to get multiple offers.”

Denise advises that before making an offer on a property as a buyer, it is crucial to get pre-approved. “The sellers now have the right to say they want to see your pre-approval before they even let you in their house,” she says.

Additionally, Denise stated that the power is now. “Now is the time for you to purchase. Rates are under 3%.” Denise says. “We don’t know how long that is going to happen. Take advantage of it.”

Corona, CA

Corona, CA, was represented by Jenny Gonzalez from Keller Williams Realty, Corona, and a VIP Agent with The Power Is Now.

According to Jenny, the right time to buy or sell a property is now. “I keep pressing on people, you’re going to have the equity now. We don’t know what is going to happen after the elections, or after the end of the year.” Jenny Says. “I’ve been telling people, do not wait until they tell you that you’re going to lose the home in a month.”

You can watch the whole show here. The Real Estate RoundTable takes place every first and third Friday live on Facebook, YouTube, and The Power Is Now online TV.

The Power Is Now is committed to keeping you updated with the latest developments in the housing market to facilitate your decision making. To get more latest developments, be sure to visit our blog page at https://www.thepowerisnow.com/blog/ regularly.  Also, if you need any assistance or guidance in purchasing a home, we got what you need. We have a team of professional realtors, VIP Agents stationed countrywide, ready and equipped to help you with anything you need. You can reach the VIP Agents at https://www.thepowerisnow.com/vipagentsservices/. If you can’t find an agent from your area, you can contact me directly for a referral. You can also set up an appointment to speak directly to me at https://calendly.com/thepowerisnow/ericfrazier.

Disclaimer: The views and opinions of Eric Lawrence Frazier are his own and do not necessarily represent views of First Bank or any organization affiliated with Eric Lawrence Frazier, or the Power Is Now Media Inc.  First Bank is an Equal Credit Opportunity Lender. Eric Lawrence Frazier, MBA is also a Vice President and Mortgage Advisor with First Bank.  NMLS#461807 and a California Licensed Real Estate Broker DRE# 01143482. Email:  Eric.frazier@fbol.com.  Ph: 714- 475-8629.

Eric Lawrence Frazier MBA

President and CEO

The Power Is Now Media Inc.

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