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

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 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

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We provide a community of loving homes and empowering support services for individuals with intellectual and developmental disabilities.

support and encourage our residents to live their We lives and fulfill their dreams by fully embracing their indvidual abilities and interests. With 24-hour specialized care and staffing, we provide comfortable, secure homes and recognize that everyone feels a sense of belonging when they have familiar places in which to spend time with family and friends.

is a true sense of family at Peppermint Ridge. Of the 94 adults who There live at The Ridge, 38 have lived here for more than 20 years, with 10 of those calling The Ridge home for 40 years or more. Residents have the opportunity to flex their muscles of independence while developing rich lives of their own away from their loved ones. About 30% of our residents have no family, so other Ridgers and our staff have become their family.

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