The Riverside housing market is an interesting thing lately, isn’t it? Especially for hopeful Riverside home buyers! And though “expert” opinions about what is happening vary greatly- there is one thing that is certain; your biggest question is “How does all of this affect my family, and my home?”
People who are following what is going on in the Riverside real estate market, and are hoping to buy a home, are especially likely to be asking those types of questions. After all, whether there is scarcity or surplus, a “housing “bubble” or declining prices, whether real estate agents think it is a good time to buy, or sell or not- all anyone ever wants to know is how that impacts them on a personal level.
Fannie Mae’s Economic & Strategic Research Group report released on April 17th, indicates a 3.2 percent surge in economic growth over the first quarter. And it seems to be setting the stage for an even healthier housing market, as it predicts continued increases and potential economic growth of 2.3 percent throughout the rest of 2013.
Despite other significant issues that could impact consumer spending, Doug Duncan, Fannie Mae Chief Economist, indicates that hope may remain in housing trends, stating, “…the housing recovery continues to broaden and may be more robust than we anticipate, helping to offset fiscal headwinds.”
All of this is great news for Riverside locals that own a home, but what about potential home buyers? Due to the fact that potential home buyers may need some assurance and coaching as they enter this changing housing market, Fannie Mae has launched a new online CreditSmart® tutorial to guide individuals as they seek to make wise financial decisions, including many which could lead to the purchase of a Riverside home.
A multilingual curriculum, Christina Diaz Malone, Freddie Mac Vice President of Corporate Relations and Housing Outreach, believes CreditSmart® will reassure home buyers explaining, “Our new online CreditSmart® tutorial is a stepping stone to home-ownership, especially for working families who are unsure how to start household budgets or build the personal savings and strong credit for the future.”
With twelve modules on the importance of credit and money management, goal setting, banking, financial traps, and becoming a homeowner, CreditSmart® provides resources and practical help for those just entering the Riverside housing market as well as homeowners that may be struggling in their current situations. You may find that some of the material can benefit you in your Riverside home search, making it worth taking a look.
We think the best decision, is an informed one. Whether buying, or selling your Riverside home, we work hard to get you relevant, useful information, to help make your decision making process a little easier. If you have any questions about the Fannie Mae CreditSmart® program, or any of the programs we have on hand, please let us know. We are here to help!
For more information on Riverside real estate, the housing market, and homes for sale- contact Graham and The Home Team at (951)534-9296, or email us.