REAL ESTATE
 As a Coldwell Banker Professional, I am the right one to help you go beyond your wish list to your dream home. JEN WILLIS, BUSINESS DEVELOPMENT 
Market Update: Today continues the worsening of prices as the Producer Price Index dropped even lower than expected. The rate of inflation when compared to last August is up by 4.2%, a great increase from last month's year comparison showing 2.8%. Additionally, the year-over-year core rate of inflation (a measurement of inflation that excludes items with particularly volatile prices) has increased by 1.5%, the highest increase in almost a year. Housing Starts and Building permits came in below expectations, partly due to the expiration of the Home Buyer Tax Credit and the persisting high rate of unemployment. Our Government will hold a conference today to discuss the "Future of Housing Finance". A major portion of this meeting will focus on the future of Fannie Mae and Freddie Mac. Many suggestions will be discussed, one of which is rumored to be a co-ownership of both Fannie and Freddie by one of our nation's largest banks. This is expected to be a very exciting and eventful meeting.
Our current trend is sideways and we are fighting a ceiling of resistance. Keep an eye on the market as a major announcement at Tuesday's Government meeting could have an effect on pricing. As always, feel free to call or email me if you have any questions or concerns. I'm here when you need me! ~ Cyndi Becker GENERAL PROPERTY INFORMATION ONLINE Websites County of Riverside Site Tax Assessors/GIS Reports www.countyofriverside.us Find out Tax Rate Riverside.CA.EZgov.com Tax Information www.mytaxcollector.com or www.countytrerasurer.org Zoning and Maps www.rcip.org County Forms www.asrelkrec.com 433 – Mobile homes Housing Community Development Sacramento, CA (916 445-9471) First Time Homebuyer Tax Credit Housing & Economic Recovery Act of 2008 IRS Web Site: Tax Credit Guidelines National Association of Home Builders: Frequently Asked Questions |
