Life is certainly different in Southern California Real Estate these days! Temecula and Murrieta have seen falling home prices along with the entire country. What makes Temecula and Murrieta a little more unique is - along with the tragic home foreclosures comes a little hope and breathing room – Young families can have homes they can afford in Southern California. Our younger people were having to settle for either leaving the area or buying way, way, way over their budgets, just to get in the housing market—thus the adjustable loans. Way to much of their income went to desperately trying to make house payments that they really couldn’t afford.
Finally, a sigh of relief, and an opportunity to buy what we can really afford! There is a silver lining in all of this.
