Many things are predicted to change in the upcoming year. Understandably so, politics and the economy are on everyone’s radar. Home values are predicted to rise as usual, but possibly at a slower rate in 2016. Real estate in Ontario, California and surrounding areas has always been highly desired, but may be even more so for investors for the upcoming year. —
“Ontario has experienced high price inflation over the past few years. One large factor being that buyers and investors outweigh the number of homeowners, which drives prices up and brings renters in,” explains Jorge Chavez, an experienced realtor specializing in Ontario real estate. “This is a large reason why demand is so high and supply is low,” Chavez explains.
The demand for California real estate is already off the charts. The C.A.R. (California Association of Realtors) predicts the California median home price to increase by 3.2% in 2016. Along with this, C.A.R. predicts mortgage rates to increase slightly, but to still remain at an all-time low. This is a great time for investors to purchase property in Ontario and surrounding areas because the investment is almost guaranteed.
“There’s no doubt that Ontario real estate is competitive, and it makes sense. Everyone wants to be here!” explains Chavez. “It is crucial to have an agent that is knowledgeable of the territory in order to account all the factors that go into buying or selling a property.”
To say southern California real estate is competitive is an understatement. Anyone looking to purchase a property should become familiar with the specific area of interest and use the advice of an experienced realtor in order to purchase the right property specific to their needs. Jorge Chavez is a realtor that specializes in Ontario real estate and has well over 20 years of experience in the industry.
Release ID: 99569