Here is another reason why you really need to consider buying a home now if you have the opportunity!  Don't wait!  RENTS ARE GOING UP!  This morning I was watching the local news and they mentioned that rents are up 13% in Orange County. If you are renting right now, I can guarantee that you do not want your land lord calling you telling you that they are increasing your rent.  That is a renters worst nightmare, but that is what a renter has to live with.  We honestly can't believe how many people are still saying that they are going to wait longer because they think that property values will decline even further.  The fact is that rents not only in Orange County, but even in the cities surrounding our offices like Downey, Norwalk, Whittier, and Lakewood in LA County are seeing rents go up.  I can personally remember, 9 years ago when I first graduated college, my wife and I rented a small 1 bedroom 1 bath apartment for $850 a month in Downey for a month before we purchased our own 2 bedroom 1.5 bathroom condo in Downey overlooking the Los Amigos Golf Course.  The apartment we rented wasn't even located in that great of an area in Downey.  Now, 9 years later that same 1 bed 1 bath apartment is renting for $1250 a month.  

I highly encourage that if you are in the market to buy a home, please don't wait any longer.  Rents will continue to rise slowly but surely.  Especially because of all the foreclosures that are taking place.  There are more and more renters coming into the market which in time elevates monthly rents.  As always we are hear to answer any and all your questions.  Feel free to contact us anytime!