The proponents of a bill that would have imposed a new tax on homeowners has declared defeat and has abandoned the bill for the year, vowing to try again next year. The bill would have created a tax that would be imposed on homeowners who need to record certain documents with their counties This $75 [...]

Take a look at the homes for sale in many of the local markets and you’ll notice a common trend from city-to-city…a lack of active listings. This has led to many areas seeing intense competition for available properties resulting in multiple offers, increasing prices, and frustrated buyers. We have seen similar conditions in the past, [...]

There have been a number of recent articles about banks ramping up their foreclosure starts for 2012. There is definitely a lack of inventory listed for sale on the MLS for the Inland Empire. In many areas, there is less than 25% of the “normal” number of homes for sale at any given time. Banks [...]

Click here to view the CNBC interview where Warren Buffett reveals that he feels buying a home is one of the smartest investments to be made in 2012.  In section 5:11 – 6:41 of the video, Buffett explains that current home prices and historically low 30-year mortgage rates make the prospect of purchasing a home attractive [...]