Fluctuating home prices throughout San Gabriel Valley, Inland Empire and all of Southern California: What causes this?

Real estate values are constantly moving up and down. Over a long enough period of time, house values usually appreciate. But, of course, there are no "sure things" in real estate.

When your property appreciates you have a larger asset to borrow against, and you'll generate a greater profit when you sell. But how can you be sure what you're investing in today will appreciate over time? Property values in Diamond Bar go up and down for many different reasons. The most important thing to consider is that you choose an agent in Diamond Bar who recognizes the factors that influence local prices.

   


Many assume that the economy is the most important factor impacting real estate appreciation. Clearly, there are numerous issues on a national level that alter your property's value: unemployment, mortgage rates, the stock market, and more. However, your property's value and the things that play the most significant role in its appreciation depend on the local Diamond Bar economy and housing market.

Let Noble Real Estate help you with your first home purchase in Diamond Bar Access to services - Convenient access to schools, employment and amenities like shopping, restaurants and entertainment is important to a lot of us and will greatly influence home values. So when it comes to retaining their value, these communities generally appreciate the best.

The latest home sales - You should receive reports on the recent real estate sales in the districts that you're interested in from your agent. You'll want to know things like how long a house stays on the market and asking price versus selling price.

The appreciation history - Is the community thought of as desirable because of its location or affordability? Have property prices gone up or down over the last 5-10 years?

Economic factors - Have companies moved into or away from an area? Are local businesses hiring? Is there a nice mix of job types in an area, or does it depend on just one industry? Each of these factors plays a role.

It's important to understand the factors that impact your house's worth. Visit this link for an assessment of your house's value. Have any questions? Please feel free to call me at (909) 292-8259 or e-mail me.
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Today's Rates

Mtg Loan Rate APR
30-yr Fixed 3.78% 3.9%
15-yr Fixed 3.08% 3.24%
1-yr Adj 2.74% 3.4%
* national averages