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John Stephens

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In The News: Jobs picture: Fewer looking, more working
INLAND EMPIRE – The Inland region's jobless rate was unchanged at 13.9 percent in March. But, some other figures paint a brighter picture. Just over 1.5 million people were employed, the most since last June. Considering the number of people looking for work, 243,600 was the lowest since June 2009. The State Employment Development Department says that figure does not include those who gave up looking for work.; FACTBOX-Major tax provisions in U.S. healthcare bill
Here is a summary of major revenue provisions in the legislation, including modifications passed by the House of Representatives that the Senate is expected to act on this week. MEDICARE TAX INCREASE * The biggest revenue raiser in the healthcare package is an increase in the Medicare payroll tax by 0.9 percent on incomes over $200,000 for individuals and $250,000 for couples filing jointly starting in 2013.; Commercial Real Estate Could Offer Good Hedge Against Inflation
With higher inflation possibly looming in the United States, already having made its way to countries like China, experts wonder if commercial real estate will provide a good hedge against it. Read more about this in the full article from National Real Estate Investor. It seems to be only a matter of time before higher inflation makes its way into official U.S. figures. Countries like Brazil and China are already struggling with it, and even countries with unused capacity like the United Kingdom have to deal with faster than expected price increases.; How to take advantage of a stabilizing real estate market
After taking a turn for the worse during the recession, it appears that L.A.'s commercial real estate market is finally poised for a rebound. Banks are cautiously considering new loans, life insurance companies and institutional investors are wading back into the market and the FDIC plans to close its Irvine office in early 2012, which points to the improving health of the region's banking industry.; Commercial Real Estate Recovery on Track
Despite the fits and starts and multiple global and domestic headwinds addressed in recent blogs, the economic recovery should continue this year and hopefully gain more momentum as bad news abates. A similar pattern exists for recovery of the nation's commercial real estate market, only with different lag and lead times by property type.; How Low Will Home Prices Go?
Did I say double dip? Well I'm not the only one. Today's home price report from S&P Case Shiller proves the point. Remember, this report is based on the sale prices of transactions that closed in January, but it is also a three month running average. That means that at least two thirds of the price deals were struck in October and November, when mortgage rates were at historic lows, providing more purchasing power; they only began spiking in December.; Real estate: It's time to buy again
Forget stocks. Don't bet on gold. After four years of plunging home prices, the most attractive asset class in America is housing.; JP Morgan makes commercial real estate loans again
NEW YORK -(Dow Jones)- Todd Maclin, J.P. Morgan Chase & Co.'s (JPM) commercial-banking head, saved the bank from the commercial real-estate crash by pushing J.P. Morgan to sharply cut back on lending while competitors made " crazy" loans. Now Maclin has had a change of heart. J.P. Morgan is lending again to commercial real estate. Vacancies are falling and rental rates are rising, driving demand for new loans. And much of the competition still can't stomach the idea of making new loans, allowing J.P. Morgan, along with Wells Fargo & Co. (WFC) and PNC Financial Services Group Inc. (PNC), to provide new loans with little competition.; US Census Has Valuable Information For Real Estate Investors
If you are an active real estate investor, then you most likely are aware of the new information that is being released by the US Census Bureau. Their 2010 Census Website is chock full of useful data regarding population growth and movement trends. But there are some other key data that is also highly important for those of us who want to know what's going on in our local housing markets. One of the interesting bits of information that I look for when a new Census report is released is the percentage of homes that currently (at the time the census was conducted) stand vacant. I'm not exactly sure how they were able to get this (did they count a home as vacant if nobody answered the door? ) but it provides for an interesting comparison for different counties in a State.; UPDATE: Regulators Unveil New Mortgage-Lending Rules
WASHINGTON (Dow Jones)--U.S. bank regulators on Tuesday unveiled a long-awaited proposal to overhaul the market for securities backed by mortgages and other assets, a piece of the financial system battered by the recession and financial crisis. The proposal approved for public comment by the Federal Deposit Insurance Corp.'s board is designed to encourage safer lending practices by mandating that issuers of mortgage-backed securities either follow conservative principles or hold a portion of the loans on their books.; Foreclosure sales drop countywide
RIVERSIDE - The number of foreclosed homes auctioned off in Riverside County fell last month, according to a real estate tracking firm.; Hewlett-Packard (NYSE:HPQ) Signs Huge Lease
Hewlett-Packard (NYSE:HPQ) plans to lease a 1.4 million-square-foot distribution center in San Bernardino in accordance with a seven-year-deal.; Commercial Property Deals May Double in U.S. as Blackstone Bets on Rebound
U.S. commercial property purchases may double this year as confidence builds among investors with access to credit and equity that values will rebound.; U.S. Construction Spending Falls on Slump in Commercial Works
Construction spending in the U.S. fell more than forecast in January, paced by the biggest slump in commercial projects in 17 years, showing the industry will continue to be a laggard in the economic recovery.; Kennedy Wilson Strengthens Commercial Real Estate Sales Capabilities
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Mary Ricks, executive vice chair of international real estate investment and services firm Kennedy Wilson (NYSE: KW), today announced that Rob Hannan has joined the company as managing director of investment sales. Kennedy Wilson operates as a top provider of real estate services to various institutional clients and government agencies.; Freddie Mac and Fannie Mae 2011 note calendar
Freddie Mac and Fannie Mae said the dates below are windows of optional note issuance. Freddie Mac and Fannie Mae said on each announcement date it will provide the maturity date and dealer syndicate, and that it may forgo any scheduled monthly issuance.; U.S. Construction Spending Falls on Slump in Commercial Works - Bloomberg
Construction spending in the U.S. fell more than forecast in January, paced by the biggest slump in commercial projects in 17 years, showing the industry will continue to be a laggard in the economic recovery.; Distressed commercial assets may have hit plateau
It is looking more likely each and every day that the dreaded commercial mortgage meltdown will be avoided.; Short Sales Failing in California | Mortgage Rates & Trends
"California real estate agents say that lenders are unresponsive to efforts to sell under-water homes, killing four out of every 10 "short sale" transactions that go under contract, a state survey shows."; Gas prices are a financial pain, but Inland Empire economy should continue to grow
Rising pump prices are a risk to the Inland Empire economy, but they won't throw it into a tailspin unless they go much higher — and stay there — an economist said today.; Freddie Mac and Fannie Mae 2011 note calendar
The following are scheduled sales announcement dates for potential Freddie Mac (FMCC.OB) reference, Fannie Mae (FNMA.OB) benchmark notes for 2011.; Lewis plans dozens of homes in Fontana
Betting the local housing market will gain strength this year, Lewis Investment Company and a Riverside-based developer announced on Monday a plan to build 100 to 150 homes.; BofA Halts All Foreclosure Sales
Bank of America Corp. said it is placing a moratorium on all foreclosure sales across the U.S., amid political pressure on U.S. banks to examine foreclosure-documentation problems.; California Pension Strips BlackRock of $1 Billion Real-Estate Portfolio
The California Public Employees Retirement System, the largest public pension fund in the U.S., said it replaced a unit of BlackRock Inc. as the manager of its $1 billion apartment complex real-estate portfolio.; S.B. airport looks to serve 2 million by 2030
San Bernardino International Airport doesn't have an airline yet but officials estimate 2 million passengers could depart from its terminal by 2030, according to a forecast.; Rates on fixed-rate mortgages hold steady
Average interest rates on fixed-rate mortgages didn't budge this week compared with last week, after the Federal Reserve suggested a continuing economic climate marked by slow growth and low inflation..; The 4 Most Important Things to Remember When Evaluating Real Estate Deals
Here are the 4 most important things to remember when evaluating deals:; Why is Google Getting Involved in Real Estate?
News came this week that Google was putting $86 million into helping fund 480 low-income housing units across the Midwest and West Coast.; Short sales not having intended effect on real estate market
Homeowners who are strapped with a mortgage loan that is higher than their home's value often turn to short sales to rid themselves of debt and avoid foreclosure. Although this is a popular option for both individuals and lenders to reduce their financial loss, homeowners are finding the process may pose additional obstacles.; Denotes Private News

John Stephens: Vice President Investments
Ontario: 3281 East Guasti Road
Suite 800
Ontario, CA 91761
(909) 456-7010: (909) 509-5924 fax; License:
CA 01238307

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