Our Blog

You may have noticed all the new commercial buildings going up all over the Inland empire. Buildings like the new business tower in Dos Lagos or the new office center just off the freeway by McKinley. An insatiable appetite for constructing buildings is leaving developers and commercial brokers with rising vacancy rates that they can't be ignored.

Thomas Galvin a research associate at Colliers said overall, the commercial and industrial vacancy outlook for the the two counties in 2008 "is not so hot,"

"A year or two ago, when the projects were getting built, there wasn't a lot of competition, and the speculative space was getting leased up as soon as it was built," Galvin added. "Now that's not the case. The new space that has been built is staying on the market longer.

------------------
John & Pat Patton
Remax Partners
(951) 371-8844

Napa29 is having a "New Years Eve Extrvaganza" that might just be the way for you to celebrate this year.

They are offering two seatings. The first seating at 6:00pm will feature a 4 course meal at $85. per person. The second seating is at 8:30pm and features a 6 course meal, live music, dancing, party favors and champagne at midnight for $119. per preson.  [ Menu ]

If you have never been to Napa29, they set the bar for casual elegance in our city. The dining area has a warm feeling with high booths to make your dinner intimate. Their large wine cellar you see as you enter the restaurant is well stocked floor to ceiling with up to 600 of the best wines of the Napa Valley. Here are some wonderful reviews at tripadvisor.

Contact info:

Location: 280 Teller St. Ste. 130
                  Corona, Ca 92879

Ph: 951-273-0529
Fax: 951-273-1029
E-mail: napa29jpo@aol.com

------------------
John & Pat Patton
Remax Partners
(951) 371-8844

The Corona Public Library is holding a resume workshop on Saturday, January 19th. They will show you how to write an effective resume. Please bring your current resume for review and updating. This class will be held in the computer learning center from 10:00am til noon.

Don't forget they have free WiFi in the library.

------------------
John & Pat Patton
Remax Partners
(951) 371-8844

A recent Economy.com report, "Aftershock: Housing in the Wake of the Mortgage Meltdown," predicts home sales will hit bottom in early 2008. But prices will continue to drop, and by early 2009 home prices will have fallen about 13% nationally from their peaks, according to the report.

Housing's most fundamental problem, according to the Economy.com report, is the excess of unsold inventory. The supply of homes for sale hit its highest level in 22 years in October, according to NAR.

Perhaps the only bright spot this year was low interest rates on conforming loans. The average rate on the 30-year fixed-rate mortgage fell below 6% at one point in December; NAR expects the 30-year to rise to about 6.4% by the end of 2008.

Some people hear it's a bad market, and don't do any additional homework. First-time buyers, however, with a down payment and decent credit, could find bargains in this Buyers market. 

------------------
John & Pat Patton
Remax Partners
(951) 371-8844

Waste Management has announced it is offering free residential curbside Christmas tree recycling for its customers.

The program runs from Wednesday until Jan. 11, 2008. Residents may leave their tree at the curb on their regular scheduled pick up date next to their waste containers. Waste Management will collect and recycle the trees.

Residents are asked to remove any plastic or metal stands, lights, tinsel or ornaments from the tree before placing it outside. Also, trees must be no more than 6 feet in length for pick up. Trees taller than 6 feet must be cut down into 6-foot sections.

The areas include Banning, Beaumont, Chino, Corona, Moreno Valley, Murrieta, Norco and parts of unincorporated Riverside County.

For more Information: (800) 423-9986.

------------------
John & Pat Patton
Remax Partners
(951) 371-8844

If you keep one resolution this new year, choose to clean up your credit. One of the best things you can do to prepare for buying a home is to pay your payments on time.

Cut back on your debt load on your credit cards. In fact don't exceed 30% of your maximum credit limit.

You can recieve a free credit report once a year to review from www.annualcreditreport.com.

Add an additional small payment toward your loans can raise your score.

By keeping you credit in good shape some of the best loans will be available to you.

------------------
John & Pat Patton
Remax Partners
(951) 371-8844

The San Bernardino Blood Bank will be collecting donated blood at The Promenade Shops at Dos Lagos on Saturday, December 29th from 9am-3pm. For every life saving donation, one complimentary adult admission to the Krikorian 15 Theatres at Dos Lagos (expires 1/6/08) and you gain points as part of the “Give Life” Donor Loyalty program that can be redeemed for items through blood banks online store www.bbsbrc.org.

Location: 2780 Cabot Drive, Corona, Dos Lagos Dr./Weirick Rd. and I-15,
Date: Saturday, December 29th
Time: 9am - 3pm

for more info visit: www.promenadeshopsatdoslagos.com or call: 951-277-7601

------------------
John & Pat Patton
Remax Partners
(951) 371-8844

This green material is popping up all over the place, from wall coverings that are duurable and soundproof to stylish flooring that's easy on your feet. Plpus, cork is naturally antimicrobial and insect-repellent, and it doesn't absorb dust. Harvested from the bark of the cork oak, the material is eco-friendly and renewable. So, go green and loko to corl the next time you're consifering what to do with that outdated kitchen floor.

------------------
John & Pat Patton
Remax Partners
(951) 371-8844

When folks are in trouble in their home the scam artists come out. Here is a video presented by Freddie Mac.

If you find yourself heading for Foreclosur, take these steps:

• Call your lender
• Be honest with your lender
• Know what you owe
• Talk to a housing counselor
• Contact a housing non-pofit

Visit: http://www.995hope.org/

------------------
John & Pat Patton
Remax Partners
(951) 371-8844

The FHA Loan Expansion bill is expected to be passed in the Senate soon.  The new bill would reduce the required down payment on FHA Loans from 3% by half down to 1.5%.  The bill would also increase the FHA Loan Limit in some areas up to $417,000. 

An FHA mortgage could fill the void as the subprime market continues to unravel.

Consumers are also finding that in some instances, FHA loans can close very quickly, in less than 14 business days in some cases.

------------------
John & Pat Patton
Remax Partners
(951) 371-8844

Does your student need some one-on-one help with homework? Our Corona library can link you to BrainFuse.

Brainfuse provides instant, unlimited access to some of the nation’s finest tutors.

With Brainfuse, students and teachers communicate by drawing on a virtual blackboard, typing instant messages and even speaking through online audio.

So be sure to take advantage of this free service. By visiting the Corona Public Library website and clicking on the BrainFuse Icon.

------------------
John & Pat Patton
Remax Partners
(951) 371-8844

RealtyTrac Inc reported that California, Ohio and Florida had more than two-thirds of the 25 cities with the nation's highest foreclosure rates during the third quarter.

Higher interest rates and weaker home values have hit many homeowners hard, especially those with higher-risk subprime mortgages.

Among the nation's 100 largest metropolitan areas, Stockton, Calif.; Detroit; and Riverside-San Bernardino, Calif., posted the highest third-quarter foreclosure rates.

Other cities with top foreclosure rates were:

• Fort Lauderdale, Fla.
• Las Vegas; Sacramento, Calif.
• Cleveland; Miami
• Bakersfield, Calif.
• Oakland, Calif.

If you are looking for a Foreclosure, Repo or REO property please give us a call. We work with many of the banks who have these properties.

------------------
John & Pat Patton
Remax Partners
(951) 371-8844

On Saturday December 15th from 2:00pm to 4:00pm "A Celeberation of Cultures" The event is presented by The Promenade Shops at Dos Lagos and features Likas Pilipinas Folk Arts. The community-based folk dance group, which has its roots in the City of Corona.

Please come, watch and support our young performers casing Filipino costumes, music and dances.

------------------
John & Pat Patton
Remax Partners
(951) 371-8844