Teco Flores Real Estate

07/11/2023

What's Going On in the Via Verde Real Estate Market???
CHECK IT OUT!!!

PROPERTIES CURRENTLY AVAILABLE (CLICK THE LINK BELOW).
https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fportal.onehome.com%2Fen-US%2Fproperties%3Ftoken%3DeyJPU04iOiJDUk1MU00iLCJ0eXBlIjoiMCIsInNldGlkIjoiNzg2MTMzMTUwIiwic2V0a2V5IjoiNjkwIiwiZW1haWwiOiJ0ZWNvc2VsbHN1c2FAaG90bWFpbC5jb20iLCJyZXNvdXJjZWlkIjowLCJhZ2VudGlkIjozNDc3NywiVmlld01vZGUiOiIxIn0%3D%26SMS%3D0&data=05%7C01%7C%7C5d13029542f3435f518c08db82630627%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C638247134040403380%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=TidN1CeZP%2FM8caigsLxS9c222J2%2FxrT093NvItEv1SY%3D&reserved=0

PROPERTIES CURRENTLY IN ESCROW OR ACCEPTED AN OFFER.
https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fportal.onehome.com%2Fen-US%2Fproperties%3Ftoken%3DeyJPU04iOiJDUk1MU00iLCJ0eXBlIjoiMCIsInNldGlkIjoiNzg2MTM1NDk1Iiwic2V0a2V5IjoiNjQ3IiwiZW1haWwiOiJ0ZWNvc2VsbHN1c2FAaG90bWFpbC5jb20iLCJyZXNvdXJjZWlkIjowLCJhZ2VudGlkIjozNDc3NywiVmlld01vZGUiOiIxIn0%3D%26SMS%3D0&data=05%7C01%7C%7C704f4c1da73c46a665b208db82647feb%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C638247140370677768%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=mkfMo1m7%2FDqz4Mc4MliQHMXpsU2ql1bNu3FiFKC2AJ0%3D&reserved=0

PROPERTIES SOLD IN THE LAST 60 DAYS!!
https://na01.safelinks.protection.outlook.com/?url=https%3A%2F%2Fportal.onehome.com%2Fen-US%2Fproperties%3Ftoken%3DeyJPU04iOiJDUk1MU00iLCJ0eXBlIjoiMCIsInNldGlkIjoiNzg2MTM1NjIzIiwic2V0a2V5IjoiNjE1IiwiZW1haWwiOiJ0ZWNvc2VsbHN1c2FAaG90bWFpbC5jb20iLCJyZXNvdXJjZWlkIjowLCJhZ2VudGlkIjozNDc3NywiVmlld01vZGUiOiIxIn0%3D%26SMS%3D0&data=05%7C01%7C%7Ce3090ef4c2b6499a37d508db82646485%7C84df9e7fe9f640afb435aaaaaaaaaaaa%7C1%7C0%7C638247139916068269%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=5c0QMGxOXZFEKbNjaOnlj6mDg3%2B%2BN7mfH8sxkCKxNjM%3D&reserved=0

IF YOU ARE THINKING ABOUT BUYING OR SELLING IN SAN DIMAS OR HAVE ANY QUESTIONS ABOUT REAL ESTATE PLEASE CONTACT ME AT 909-732-3061
J Teco Flores Real Estate
BRE 01156162

Make your dream home happen with OneHome™. Browse properties, find rates on mortgages and insurance, and collaborate with your real estate agent in one place.

02/09/2021

3 REASONS WE ARE DEFINITELY NOT IN A HOUSING BUBBLE
Tuesday, February 9th, 2021 Buying Myths, Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates, Interest Rates, Pricing, Selling Myths
Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this market is totally different.

1. This time, housing supply is extremely limited
The price of any market item is determined by supply and demand. If supply is high and demand is low, prices normally decrease. If supply is low and demand is high, prices naturally increase.

In real estate, supply and demand are measured in “months’ supply of inventory,” which is based on the number of current homes for sale compared to the number of buyers in the market. The normal monthly’ supply of inventory for the market is about 6 months. Anything above that defines a buyers’ market, indicating prices will soften. Anything below that defines a sellers’ market in which prices normally appreciate.

Between 2006 and 2008, the months’ supply of inventory increased from just over 5 months to 11 months. The months’ supply was over 7 months in twenty-seven of those thirty-six months, yet home values continued to rise.

Months’ inventory has been under 5 months for the last 3 years, under 4 for thirteen of the last fourteen months, under 3 for the last six months, and currently stands at 1.9 months – a historic low.

Remember, if supply is low and demand is high, prices naturally increase.

2. This time, housing demand is real
During the housing boom in the mid-2000s, there was what Robert Schiller, a fellow at the Yale School of Management’s International Center for Finance, called “irrational exuberance.” The definition of the term is, “unfounded market optimism that lacks a real foundation of fundamental valuation, but instead rests on psychological factors.” Without considering historic market trends, people got caught up in the frenzy and bought houses based on an unrealistic belief that housing values would continue to escalate.

The mortgage industry fed into this craziness by making mortgage money available to just about anyone, as shown in the Mortgage Credit Availability Index (MCAI) published by the Mortgage Bankers Association. The higher the index, the easier it is to get a mortgage; the lower the index, the more difficult it is to obtain one. Prior to the housing boom, the index stood just below 400. In 2006, the index hit an all-time high of over 868. Again, just about anyone could get a mortgage. Today, the index stands at 122.5, which is well below even the pre-boom level.

In the current real estate market, demand is real, not fabricated. Millennials, the largest generation in the country, have come of age to marry and have children, which are two major drivers for homeownership. The health crisis is also challenging every household to redefine the meaning of “home” and to re-evaluate whether their current home meets that new definition. This desire to own, coupled with historically low mortgage rates, makes purchasing a home today a strong, sound financial decision. Therefore, today’s demand is very real.

Remember, if supply is low and demand is high, prices naturally increase.

3. This time, households have plenty of equity
Again, during the housing boom, it wasn’t just purchasers who got caught up in the frenzy. Existing homeowners started using their homes like ATM machines. There was a wave of cash-out refinances, which enabled homeowners to leverage the equity in their homes. From 2005 through 2007, Americans pulled out $824 billion dollars in equity. That left many homeowners with little or no equity in their homes at a critical time. As prices began to drop, some homeowners found themselves in a negative equity situation where the mortgage was higher than the value of their home. Many defaulted on their payments, which led to an avalanche of foreclosures.

Today, the banks and the American people have shown they learned a valuable lesson from the housing crisis a little over a decade ago. Cash-out refinance volume over the last three years was less than a third of what it was compared to the 3 years leading up to the crash.

This conservative approach has created levels of equity never seen before. According to Census Bureau data, over 38% of owner-occupied housing units are owned ‘free and clear’ (without any mortgage). Also, ATTOM Data Solutions just released their fourth quarter 2020 U.S. Home Equity Report, which revealed:

01/14/2021

Real Estate Market Activity as of 1/13/2021
List of Home Currently Available as of 1/3/2021
Just click on the link shown below for property details.
https://matrix.crmls.org/DE.asp?p=DE-608516700-660...
Homes Currently in Escrow/Have accepted an offer.
Click on the link shown below for property details.
https://matrix.crmls.org/DE.asp?p=DE-608516892-457...
Homes SOLD in the last 6 Months
https://matrix.crmls.org/DE.asp?p=DE-608516923-197...

02/05/2020

CHECK THE HOMES INVENTORY IN SAN DIMAS (VIA VERDE AREA)

HOMES CURRENTLY AVAILABLE- IN ESCROW (UNDER CONTRACT) OR RECENTLY SOLD!!!

FOR MORE DETAILS AND PICTURES ABOUT THESE HOMES PLEASE CLICK ON THE LINKS.

AVAILABLE HOMES AS OF 02/04/2020
JUST CLICK ON THE LINK BELOW TO ACCESS THE LIST:
https://matrix.crmls.org/DE.asp?ID=65280984372

HOMES CURRENTLY UNDER CONTRACT OR IN ESCROW (SELLERS HAVE ACCEPTED AN OFFER).
https://matrix.crmls.org/DE.asp?ID=65281002912

HOMES SOLD IN THE LAST 90 DAYS
https://matrix.crmls.org/DE.asp?ID=65281017361

FOR ANY QUESTIONS OR ADDITIONAL INFORMATION ABOUT ANY OF THESE PROPERTIES
PLEASE CONTACT ME:
JOHN "TECO" FLORES
(VIA VERDE RESIDENT FOR THE LAST 25 YEARS)
909-732-3061
CENTURY 21 CITR

11/07/2019

San Dimas Market Statistics
It is a Gret Time To Buy and Sell-Interest Rates at All-Time Low Take Advantage!!
If You or Anyone You Know is Looking to Buy/Sell or Have any Questions About Real Estate Call-Emai or Text me Now!!
(909) 732-3061

11/06/2019

Just like the Year This One is Gone!!!
Another Great Home in Via Verde Gone to a New Family
Thanks to the Young Family & The Reid’s Estate For Their Trust & Opportunity
We Still Have Buyers Looking to Purchase in the area. IF YOU OR ANYONE YOU KNOW IS LOOKING TO BUY OR SELL GIVE ME A CALL ((909) 732-3061

10/18/2019

SOLD-SOLD -SOLD!!
OOPS I DID IT AGAIN!!
Thank you Leo and Mel for your trust and the opportunity to get your home
Sold. We had some challenges along the way but we conquered💪🏽💪🏽💪🏽💪🏽
I can do the same for you, your friends and family. If you know of any one that needs my assistance to buy or sell Real Estate give me a call
(909) 732-3061