Healthcare Creates Hot Murrieta and Temecula Job Prospects, Affecting Foreclosures Market
Category: Real Estate Trends
Published: Monday, January 19, 2009
There is good news on the horizon for the local job market, with the construction of a new hospital in Murrieta and recent expansions at Abbott Vascular in Temecula. This could lead to the creation of thousands of new jobs in the valley, possibly affecting the number of bank owned homes in both communities.
Officially known as Loma Linda University Medical Center - Murrieta, the hospital will be located on Antelope Road just north of Clinton Keith Road, adjacent to the I-215 freeway. It will be four stories tall and be equipped with an emergency room, surgical suites, X-ray, lab, and medical treatment areas, capable of housing 200 inpatients at any given time. Not only will this greatly improve the hospital bed capacity in the Murrieta area, but it will also create nearly 1,000 medical, professional and skilled technician jobs.
Likewise in Temecula, the recent announcement of Abbott Vascular's acquisition of Advanced Medical Optics, currently headquartered in Santa Ana, California, signals a new era for the medical device company and could lead to additional jobs at their Temecula facilities. Abbott recently completed construction of an additional 100,000 square feet of office and manufacturing space in anticipation of new product development and increased staffing.
New Jobs Means More Demand for Murrieta Foreclosures
As new professionals move into the area they will be looking at all their housing options. That means more demand for Murrieta foreclosures and Temecula bank owned homes. For buyers looking to invest in affordable Murrieta real estate, the time is now. More buyers' means more competition for bank owned bargains, and investors could see prices climb in response to increased demand. Even with additional Temecula foreclosures hitting the market in coming months the demand could outstrip supply.
Temecula real estate will be in demand as well, and buyers who have been waiting for the perfect deal on a Murrieta bank owned home bargain should act quickly before the best deals are gone. Contact Oak Tree Realty Group Murrieta today and let our foreclosure specialists help you find the home that is right for you. Call them at 1-951-973-7177.
The $8,000 first time homebuyer’s credit is set to expire in November and buyers are busy finding the best deals on Murrieta foreclosures and Temecula bank homes. The team at Oak Tree Realty Group Murrieta points to possible neighborhoods for great deals on affordable Murrieta bank homes.
Murrieta foreclosures led Southwest Riverside County home sales during the month of July according to market analyst MDA DataQuick. Nearly 1,000 homes changed hands last month and the experts at Oak Tree Realty Group Murrieta put the numbers in perspective.
Buyers of Temecula foreclosures may have less competition from first time homebuyers in the coming months, thanks to a plan by the City of Temecula to complete 110 half-finished condominiums and turn them into affordable housing apartments for rent. The team at Oak Tree Realty Group Murrieta offers insight into the plan.
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