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November 16, 2007

Rivendale Homes on Target to Set New Sales Record!

As the news media continues to publish negative, misleading and unbalanced articles about the current state of the housing market, Rivendale Homes is on track to set a new sales record. Chris Peterson, Partner in Rivendale Homes, Inc., says “This has been our best sales year ever, despite what the media is reporting, we are making sales and now is a great opportunity to purchase a new home. We have had 143 gross sales to date and will close 130 homes in Sonoma County this year.” “We had 17 sales in September alone” he added.

Real estate is the best investment most people will ever make. Home ownership serves us in the most humble and the most financially rewarding ways. Those who wait too long to purchase a home may miss out on an amazing opportunity to profit in this market. Does anyone remember when the median price of a home was $245,000? That was only 7 years ago and today the median price is $545,000! As the overall job growth and economy continue to move ahead at a steady pace and the supply-demand equation of available homes begins to balance, housing should begin to turn around in 2008. Partner in Rivendale Homes, Inc., Bill Benjamin agrees “The exaggerated and sensationalized reports that the public reads, have spread fear instead of the truth, the truth that buying a home is a great way to build long-term wealth”.

With relaxed housing prices, historically low rates on 30-year mortgages and 100% financing still available, buyers have a good reason to make the move to purchase a new home. Buying a home is not just the most important decision about investing; it is about dreams, family, memories and good times. A home may be the only thing that does not depreciate in value overtime. The current low interest rates could off-set any short term reduction in value for a home purchased today. It is important to remember that despite market set-backs, on average, the value of a new home nearly doubles every 10 years!

At Rivendale Homes we have amazing opportunities available now in this incredible buyer's market. With 6 communities, 19 different product types and homes available for move-in now, we have the right home for your family. Many incentives are available that will help you purchase your new home and our preferred lenders are available to assist you with financing that fits your budget. Stop by and visit us today. We have professionals on site to help answer all your home buying questions. For more information please email us.

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