Latest Blog Posts

Bailout Programs, Robo-Signing Fraud Relief, HUD Counseling…Help is on the Way!

Operator: “Nine-one-one, what is your emergency?” Homeowner: “I’m in a river of debt and my house is washing away…” If you’re a homeowner whose mortgage is underwater, there may be help on the way.  Recently, the Federal Government has initiated a bevy of new programs aimed at helping homeowners keep their homes and fight the nightmare process of foreclosure. While […]

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Mixed Messages for 2012

The National Association of Realtors reported this month that existing home sales increased 5% to an annual rate of 4.61 million units, with all four of the nation’s regions recording gains. Both multi-family and single-family markets posted rising home sales. Read more

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Greed, For Lack of a Better Word, is Good!

And now is a good time to be greedy Warren Buffet once said: “Be fearful when others are greedy, and be greedy when others are fearful.” I’m not a big fan of the word “greedy,” but I am a fan of the way Warren Buffet approaches investment opportunities. In fact, at the Rancon Group, we’ve been applying this Buffetism to […]

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Rancon Acquires More Property in Buyers’ Market

The Rancon Group acquisitions team was busy in the fourth quarter of 2011 bringing two more great properties into the Rancon Group portfolio. Rancon Sevilla in French Valley Rancon Sevilla is located in what is known as an “in-fill” area of the once rapidly developing French Valley. This project features an approved tract map for 180 townhome lots on approximately […]

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Rancon Group Acquires Townhome Project in French Valley

The Rancon Group has acquired a prime piece of real estate slated for 180 townhomes and more than four acres of commercial development in the French Valley, of Southwest Riverside County, California. The property, known as Rancon Sevilla, was acquired for less than 18 percent of its estimated retail value in 2007, according to Rancon Founder Dan Stephenson. “This is […]

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Rancon Group Purchases 136-lot Subdivision Property in Winchester

The Rancon Group recently completed the purchase of 94 acres in the Winchester Valley within the Winchester Specific Plan 293. This was an area highly touted by developers in 2006 and marketed as Winchester Ranch. This portion of Winchester Ranch was sold to a merchant home builder in 2006. After some significant improvement to the property, including final engineering, the […]

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2012 Home Sales: Positives on Many Fronts

NAR released its latest pending home sales index figure last week and for the second month in a row the index is up. But more than that, the index has broken 100. This is significant because the only time since the housing boom collapsed that the index has broken 100 is when the home owner tax credit was in effect. […]

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Optimism is On Tap at Rancon Group

Rancon Group officials are cautiously optimistic about the future of residential development in Southwest County after several year-end reports signal positive changes in the market and economy. In a December 22 report the California Building Industry Association (CBIA) issued a report stating that housing production in the state rose for the fourth consecutive month.  The total number of construction permits […]

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Housing Picking Up Momentum

The deeply depressed housing market finally seems to have found its bottom.

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Creeping Along the Bottom, the War Goes On

If the real estate market were a submarine in World War II, it would be creeping along the bottom waiting for all the depth charges to quit dropping from the enemy ships above. The enemy ships are—not necessarily in order—the SS Poor Economy, the SS Bank Foreclosure, the SS Bundled Securities Derivatives, the SS Unemployment, the SS Uncertainty, the SS […]

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Inland Empire is showing early stirrings of recovery

Riverside and San Bernardino counties were hit hard by the economic downturn, but there are signs of a turnaround. Investors, both foreign and domestic, are jumping back in; developers are snapping up land; and home buyers are being attracted by low prices. By Alana Semuels, Los Angeles Times October 22, 2011, 5:43 p.m. Jim Lytle gunned his silver BMW past […]

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The Wheels are Turning

There’s nothing like a little positive reinforcement to get the wheels turning. That was the case last week when some colleagues and I heard one of my favorite economists, Mark Boud of Real Estate Economics, present a five-year economic and housing forecast for the Inland Empire. All indications are that the market here is shifting into a positive cycle. Distressed […]

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