The Power Is Now Magazine | August, 2021

Page 66

paying for. In this regard, the housing market is safe. SUPPLY. As the COVID-19 haze begins to clear, the market is seeing more homes being listed than last year. New single-family constructions have also increased. As a result, home sales for existing homes are up 9%, while newly built homes have gone up 21% in 2021. Homes are still selling fast and only spend 20 days on the market. On the other hand, a home’s median days on the market have increased from 27 days to 31 days. The increase signals a return to normalcy and not a crash. If anything, the housing demand in Fontana is still strong as people are willing to pay 9% over the listed price to secure their dream markets. If it were a crashing market, the housing market would have already exhausted the demand and would have an excess supply of inventory. MORTGAGE FORBEARANCE. The Great Recession pushed peoples’ homes into foreclosure when they could not make payments on their mortgages. Additionally, there were numerous job losses as the economy reeled from

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the effects of the recession. It might be concerning, as we saw over 20 million job losses countrywide, that people won’t make payments. Unlike the great recession, the government has cushioned its citizens through the forbearance program. People will be able to postpone their payments until they are financially stable. The economy is in recovery, and people are going back to employment and making payments. If you are a home buyer looking to invest in Fontana, it safe to say that it is a good idea. However, it will be a good idea to bring your A game as the competition is quite stiff. You are likely to get a good deal as Fontana is relatively more affordable than other cities in California. If, on the other hand, you are looking to sell, now is a great time, as you are likely to get a good return from the sale.

Sources: https://azbigmedia.com/real-estate/residential-real-estate/is-a-housing-marketcrash-on-the-way-in-2021/ https://www.noradarealestate.com/blog/housing-market-predictions/ https://www.ramseysolutions.com/real-estate/housing-market-forecast

THE POWER IS NOW MAGAZINE | AUGUST 2021


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Articles inside

Women’s Equality Day

4min
pages 134-138

Let’s Talk About Foot Health

2min
pages 130-131

Special Feature: Focusing on growing Mental Health Issues in America.

3min
pages 128-129

CFPB: Lenders engaged in discrimination, redlining, and reported bad data!

5min
pages 120-121

Fannie Mae Economic Group Shines a Spotlight on what’s causing the housing market inflation problem in the country.

5min
pages 124-127

Forbearance loans continue to decline steadily.

3min
pages 122-123

Redfin Report: African Americans still face massive barriers to homeownership!

9min
pages 116-119

Housing Market Analysis. Is this the right time to invest in Richmond Market? , by Joe Fisher.

3min
pages 113-115

Los Angeles Housing Market

2min
pages 109-112

Whittier & La Habra on spotlight: Just how safe are the two cities for investors? , by Briana Frazier.

3min
pages 101-104

Expert Advice: should I invest in LA Housing Market, by Adrian Bates.

3min
pages 105-108

Expert Opinion: Sacramento Housing market is Red Hot Right Now!, by Robert Langston.

2min
pages 97-100

Is Oakland real estate market a good investment market right now? , by Kenneth Session.

3min
pages 93-96

Five facts no one is telling you about the San Diego Real Estate market, by Denise Matthis.

3min
pages 89-92

San Bernardino Real Estate Market Update: Housing market trends, Prices and looking Beyond, by Danon Burnside.

2min
pages 86-88

Real Estate Market update with Jenny Gonzalez: Corona CA Edition, by Jenny Gonzalez.

5min
pages 81-85

Looking at Irvine Housing Market Future opportunities for homebuyers, by Cornelius Jackson.

3min
pages 77-80

Meet Marc Morial, President of The National Urban League.

9min
pages 72-76

Just how safe is Fontana Housing Market? , by Ameer Elahee.

3min
pages 66-68

Appreciation rate, Trends, and Arizona Housing Market data, by Yvonne McFadden.

3min
pages 53-56

Top 5 hottest markets in the Inland Empire in 2021, by Kamesha Keesee.

5min
pages 61-65

5 housing market predictions for Arizona Housing Market in 2021, by Peggie Simons.

3min
pages 57-60

Making a good return on Property investment in Maryland, by Emerick Peace.

4min
pages 43-46

Texas Real Estate agents are Overwhelmed. The Future is in the South and Here’s Why! by Sharon Bartlett.

3min
pages 37-42

Opinion: Could Tech be the end for the Real estate Brokerage Firms?

5min
pages 20-24

Why North Texas Housing is Blazing Hot!, by Johnnie Morine.

3min
pages 33-36

The Housing Market Inventory is just about to get better. Here’s why!

5min
pages 14-15

Opinion: ways a buyer mess up when getting a mortgage, by Norman Green.

4min
pages 29-32

5 mobile apps in 2021 that will revolutionize your house hunting experience.

4min
pages 18-19

An economic Rebound for California What does this mean for the state’s high rising real estate market?

3min
pages 8-9

Mortgage Predictions: Just how low can mortgage rates go and for How Long?

5min
pages 16-17

The Great South Migration: An Era shaping Exodus for the Northerners real estate markets

8min
pages 10-13
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