5 Reasons Why Getting A Mortgage in Corona is a Good Move
PLUS a Bonus:
4 Facts You (Maybe) Didn’t Know About Corona, CA
Matthew Rundle wants you to know what a great community Corona is and that it is a good time to look at purchasing Corona homes For Sale.
Here are 5 reasons Corona is a good move now:
One. Corona is one of the top 25 safest cities in America. In fact, a 2016 Business Insider online article ranks Corona as the number 13 safest city to live in America, making it the safest city to live in the Inland Empire. With a population of just over 166,000, and a significant percentage of well-educated, young families, crime rates are one-third of the national average, across the board, and dropping. Sound good? This is just the first of many excellent reasons to contact a Corona Real Estate professional today, like the Bechtel Team, to find out more about getting a mortgage in Corona.
Two. With 275 average days of sunshine in Corona and a Sperling’s comfort score index of 81 out of 100, the climate is pretty nice. While the average U.S. city gets 39 inches of rain a year and 26 inches of snow, Corona gets just under 12 inches of rain and ZERO inches of snow. Average July temperatures are near 92 degrees, and January average lows hover around 40 degrees. With weather like this outdoor living is a huge year-round plus. Why not ask The Bechtel Team about getting a mortgage with a barbecue patio and a swimming pool in Corona?
Three. The average one-way commute in Corona is only 35 minutes. This statistic includes the 78 percent of people who drive alone, 13 percent who carpool, and 2 percent who take mass transit. The remaining 5 percent work from home, with no commute. One of the reasons for this slightly longer-than-average commute time is that Corona has become a bedroom community for much of Los Angeles and Orange Counties; a quality of life decision for many people who work in those places to live in the friendly, family-oriented, first-rate small-town feel of Corona while still maintaining their jobs in the city.
That leads to those qualities of life perks. One of the many benefits of living in Corona is its close proximity to areas with things to do. You can take the MetroLink to Oceanside or into Los Angeles for the day. Take the toll road and arrive in Laguna Beach in less than an hour.
To enjoy award-winning wines, drive to Temecula wine country. You have access to Palm Springs, Joshua Tree National Park, and a host of local hiking and camping in Cleveland National Forest. Plus, there are the in-town amenities like Dos Lagos and Corona Crossings, with shopping, dining, and free outdoor plays in
an amphitheater, 394 acres of city parks, sports fields, playgrounds, skate parks and an outdoor pool, and cultural programming through the Corona Public Library, Circle City Center and Glen Ivy Hot Springs to mention just a few of Corona’s many family attractions.
Four. Corona’s economy is thriving. Want to live and work in Corona? There’s good news! According to the City of Corona, there are 42,000 jobs within the city. Job growth over the next ten years is predicted to be a whopping 41.6% and the current unemployment rate is 3.2%, well below the national average! Median household income is above U.S. average at over $77,000, and family median income at over $82,000. The retail, commercial, and office space development is booming.
With two top-notch school districts located in Corona, and being situated within 20 miles of 40 colleges and universities, 35% of Corona’s population are college graduates, creating a strong, skilled workforce. Corona is vibrant and its bustling economy has a strong, community-minded, future.
Five. Median home price. Median home price in Corona is about $413,000 with most homes in the $300,000 to $499,000 range, and inventory is available. It’s a good time to invest in a home in Corona—before interest rates climb further. If you’re searching for a great family-friendly community with a host of amenities, good weather, and a strong, growing economy, Corona is the right place for you!
If you are ready to make the move, contact The Bechtel Team today to find the Corona home that is perfect for you!
BONUS: Four facts that you (maybe) didn’t know about Corona, CA:
1. Grand Boulevard used to double as a racetrack. That’s right, part of the rich history of Corona is that beginning on September 9, 1913, the first Corona Road Race was held. This first race offered a hefty total winnings purse of $10,000 and attracted many racing greats of the day. Of the three individual races held during the Corona Road Race, the Free-For-All was the most competitive, comprised of 109 laps around Grand Boulevard (a total of 301 miles), with the first-place prize of $5,000. Over the next couple of years, fences were installed around Grand Avenue and pedestrian bridges were built over it to keep onlookers from crossing into the raceway while viewing the race. There were two more Corona Road Races, one in 1914 and one 1916, but a tragic crash that left three men dead in the 1916 event (held, incidentally, during a record-breaking heatwave) ended its run.
2. Corona was once known as “South Riverside.” Until 1896, Corona was part of South San Bernardino County and referred to as “South Riverside.” When Riverside County was developed, the citizenry of South Riverside voted to incorporate the rural town in the new county, and Corona was born. Its name (and also it’s the unofficial moniker “Circle City”) is derived from the perfect circle of Grand Boulevard, designed by one of the town’s founders, R.B. Taylor, who saw something similar on a visit to Omaha, Nebraska and decided to include a circular boulevard in the town’s layout.
3. Corona was once known as the “Lemon Capital of the World.” For anyone who grew up in Corona prior to 1982 when Sunkist closed it’s Lemon Products Division plant, this is especially familiar. The identity still sticks today, even though the local economy has greatly diversified from the citrus hey-day. At one time almost a quarter of the population was employed in the citrus industry in some capacity. The citrus industry was also one of the mechanisms to bring cultural and racial diversity to Corona when experienced Italian, Mexican, and Mexican-American citrus workers were brought in to help solve the problems of the growing industry.
4. Corona has 17 missing time capsules. Yep. 17-time capsules, dating back to the 1930s, buried and never found. Oglethorpe University states that “efforts to recover the capsules in 1986 were in vain. ‘We just tore up a lot of concrete around the civic center,’ said the chairman of the town’s centennial committee. A Los Angeles Times reporter has called Corona ‘the individual record holder in the fumbled time capsule category.”