[quote=wannabe2077]
Are you a shill for real estate industry ? Not to be rude ?
California has a $40 billion budget deficit that will get worse. State Government cuts are yet to come.
Real Estate lenders are clear. 20% down payment, 720+ credit scores, documented sources of income and excellent credit history.
California Real Estate prices will be stagnant for 5-10 years.[/quote]
Most of Temecula is well under the FHA limits for Riverside county. Traditional loans are only requiring 10% down with 700+ credit scores. (I’ve been shopping for loans for 2 months). The area doesn’t need crazy lending, ARMs, NINJA loans etc to handle some appreciation (unlike most of Coastal SD).
Prices will be stagnant for 5+ years though. I don’t anticipate any appreciation until we see some inflation or employment recovery.
