Eastvale, once a rural area, was predominantly dairy farms and agricultural until the late 1990s. At that time, the area started to suburbanize to accommodate the influx of people coming from Orange and Los Angeles counties seeking more affordable housing. Eastvale was particularly hit hard by the United States housing bubble that burst in the late 2000s. A large portion of the communities' homes were sold during the early and mid-2000s at highly inflated prices fueled by the subprime mortgage industry. In June 2006, the median home in Eastvale was valued at $601,000 and had drastically fallen to $304,000 by June 2009 according to Redfin, representing a 50% decrease in home values over a span of three years. In October of 2019 Redfin states that the average home value has climbed back to the $570,000 range and shows to be still climbing.
A committee of concerned Eastvale residents, the Eastvale Community Committee (ECC), was formed so that issues facing the growing community would be addressed. Formed in 2002, the ECC holds public meetings with county representatives, utility operators, law enforcement agencies, local school representatives, and local business owners. A group of volunteer residents publishes a summary of the meetings and other articles in the quarterly Eastvale Edition which is mailed to most residents and is also available online.
A separate project, Eastvale Events, encourages community involvement by developing and coordinating community events. Eastvale Picnic in the Park, Eastvale Holiday Showcase, and Eastvale Fall Festival are a few of the sponsored events.
The Los Angeles County line is approximately 8 miles northwest of Eastvale, while the Orange County line is approximately 5 miles to the southwest. The proximity of these last two heavily commercialized counties, and the fact that Eastvale is roughly squared between Interstate 15 and State Routes 91, 60, and 71, has made Eastvale popular for those who commute to these counties for employment, making Eastvale a commuter town.
According to the Eastvale area plan, Eastvale has a total area of 13.1 square miles (33.9 km²), of which 12.5 square miles (32.3 km²) is land and 0.6 square miles (1.6 km²), or 4.76%, is water.
Eastvale is a part of theCorona-Norco Unified School District with top rated schools !
Eastvale Elementary schools
Clara Barton Elementary School
Harada Elementary School
Lincoln Alternative Elementary School
Ronald Reagan Elementary School
Rosa Parks Elementary School
Eastvale Elementary School
Eastvale Intermediate schools
River Heights Intermediate School
Dr. Augustine Ramirez Intermediate School
Eastvale High schools
Eleanor Roosevelt High School (California)
blog entries about Eastvale Ca Homes for Sale.
Today, on Veterans Day, we salute those who have served our country in war or peace, and we thank them for their sacrifice.
This year marks the 75th anniversary of VA Home Loan Benefit offerings through the Servicemen’s Readjustment Act, also known as the GI Bill. Since 1944, this law has created opportunities for those who have served our country, ranging from vocational training to home loans.
Facts About VA Home Loans:
Nearly 24 million home loans have been guaranteed by the Veterans Administration.
Nearly 82% of VA home loans are made with no down payment.
The VA also provides grants to help seriously disabled Veterans purchase, modify, or construct a home to meet their needs. Last year the VA provided 2,000
This past week home loan rates ticked up, yet remain just above 3-year lows.
Here are 3 reasons why:
Solid corporate earnings and future positive guidance from many public companies were a pleasant surprise for many who were bracing for a far more disappointing outlook. As a result, Stocks moved higher last week at the expense of Bonds and home loan rates.
U.S./China trade deal optimism continues. It's been slightly over a week since the U.S. and China came to a "handshake" trade agreement, and all signs are pointing to the deal being papered and signed in the coming weeks. This once uncertain event has become quite positive, and was another reason for Bonds to move lower and rates higher.
Many of the questions currently surrounding the real estate industry focus on home prices and where they are heading. The most recent Home Price Expectation Survey (HPES) helps target these projected answers.
Here are the results from the Q2 2019 Survey:
Home values will appreciate by 4.1% in 2019
The average annual appreciation will be 3.2% over the next 5 years
The cumulative appreciation will be 16.8% by 2023
Even experts representing the most “bearish” quartile of the survey project a cumulative appreciation of over 6.7% by 2023
What does this mean for you?
A substantial portion of family wealth comes from home equity. As the value of a family’s home
Over 10% of all residential homes are purchased by investors, and that number continues to rise. Who are these investors?
Many have speculated that the large institutional conglomerates such as Blackstone, American Homes 4 Rent, and Colony Starwood dominate investor purchases. However, a special report on investor home buying by CoreLogic, Don’t Call it a Comeback: Housing Investors Have Been Here for Years, shows this is not the case.
Ralph McLaughlin, CoreLogic’s Deputy Chief Economist and author of the report, explained his findings at the recent National Association of Real Estate Editors conference in Austin:
“Investor buying activity in the U.S. is at record highs. And our records go back confidently, about 20 years…
The Federal Reserve Bank (The Fed) recently released their 2019 Survey of Consumer Expectations Housing Survey. The survey reported that 65% of Americans believe homeownership is a good financial investment. Since 2014, the percentage has increased by over nine percent.The Fed’s survey also showed that when the results are broken down by age, education, income, or region of the country, more than 55% of Americans in each category see homeownership as a good investment.
This coincides with a recent Gallup survey of Americans which revealed that real estate was their number one choice for the best long-term investment when compared to stocks, savings accounts or gold.
Whether it is your first time or your fifth, it is always important to know all the facts when it comes to buying a home. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much information about Private Mortgage Insurance (PMI).
What is PMI?
Freddie Mac defines PMI as:
“An insurance policy that protects the lender if you are unable to pay your mortgage. It’s a monthly fee, rolled into your mortgage payment, that is required for all conforming, conventional loans that have down payments less than 20%.
Once you’ve built equity of 20% in your home, you can cancel your PMI and remove that expense from your mortgage payment.”