David Seiders, chief economist for the National Association of Realtors, made this recent statement about the market prospects for this year: "I think the best bet is that 2008 will be the year we will be looking at the bottom for various components of the housing market." Seiders said his forecast is based on several assumptions; the economy avoids recession, Congress passes key reforms to address the subprime lending crisis, and the Central Bank remains ready to step in if needed to keep the economy moving forward.

NOW IS THE TIME TO BUY A HOME!

If you or someone you know is considering buying a home, now is the time to start your planning. The reasons for this are: (1) Home prices are down; (2) There is lots of inventory; (3) Sellers are helping with closing costs; (4) Interest rates are at a 40 year low; (5) Financing is available. The problem is to determine just when the market starts rebounding. Once it does some of the current advantages will quickly disappear. One of the best indicators is the number of active listings on the market. When that number starts decreasing you can be fairly confident the market has bottomed out.

For your information I have compiled the number of active listings for my basic market area, namely; the cities of Upland, Rancho Cucamonga, Ontario, Montclair, Claremont, Chino, and Chino Hills. The numbers will be posted at the end of each month here and on my website www.jimmclean1.com. If you'd like the information for any one of the cities or other cities of interest let me know. Just give me a call at 909 985 0948. I'll be glad to help with the details of any plans you are considering.

ACTIVE LISTINGS

SINGLE FAMILY RESIDENCE

 Upland, Rancho Cucamonga, Ontario, Montclair, Claremont, Chino, and Chino Hills.

1-31-2008 = 877

2-28-2008 =1068

3-31-2008 =1721

4-30-2008 =1919

Source: Multi Regional Multiple Listing Service.