As summer fades into autumn, the summer of 2009 has shaped up to be a great season for San Bernardino County homebuyers.

Last week our housing market made history when noted regional economist John E Husing, PhD., of the Redlands - based Economics & Politics, Inc., revealed in an interview that San Bernardino County residents “are looking at the most affordable housing market in the modern history of the Inland Empire.”

According to Husing, a recent index of affordability published by the California Association of Realtors (CAR) showed that in the second quarter of 2009 over two - thirds of Inland Empire households could afford the median priced home in our region. The report stated that this marks the highest percentage since the index began in 1988.

More good news for homebuyers came last week when the National Association of Home Builders (NAHB) called on Congress to extend the current first-time home buyer tax credit - the federal American Recovery and Reinvestment Act of 2009(www.federalhousingtaxcredit.com) beyond its current November 30, 2009, expiration date and to offer it to all income-eligible buyers. The tax credit has proven to be one of the most important drivers for our region's and nation's economic recovery and greatest boons for new homebuyers.

In an article for an upcoming regional economic journal, BIA CEO Frank Williams noted that, despite the current housing crisis, area home builders have constructed over 1,000 new single - and multi - family homes in the first half of the year to offer homebuyers a wider variety of new home opportunities. Williams quoted Russ Valone, CEO of MarketPointe Realty, one of the industry‘s most respected tracking and consulting firms on the impact of new home warranties on home buyers’ decisions to purchase pre - owned homes versus state - of - the - art new homes because they offer immense added value with long - term savings and convenience.

Today's new home is the best value for your money because warranties protect the home and many of the products and appliances that come with it. Warranties are basically guarantees that your new home and everything in it are built to the highest possible standards of workmanship and materials. In investment terms, warranties help protect and maintain the value of your home. Warranties both ensure that all of the products will perform as promised and will allow you to set up a long - term plan to keep your home running at optimum efficiency while keeping your day – to - day costs at a minimum.

Today's new home is a sophisticated, complex network of moving parts. From the hinges on cabinets to state - of - the - art central air conditioning and heating systems, today's new home incorporates the latest in mechanical, electronic and scientific breakthroughs to keep your family safe and comfortable while protecting your environment and your financial future.

When you purchase a new home, your home - builder’s sales staff will conduct what is known as the new home orientation or ’walk through’ in which you will literally walk through your new home and be instructed on the use and care of all of your home’s important attributes and appliances. Then, the first and most important step new home owners can take to make the most of these warranty protections is to always keep all of their warranties in a safe and accessible location. The chances are good that it will probably be years before you ever consult them, so file them with other important papers such as tax records so that they can be easily accessed.

Even though your new San Bernardino County home offers the latest in energy saving appliances, you can get the most out of your new home’s appliances with regular maintenance because they are generally covered by individual manufacturers' warranties. Keep all of your warranties and owner’s manuals together and fully familiarize yourself with the terms of your warranty as part of protecting what is for most Americans the biggest and best investment they will ever make. With all the excitement surrounding a move into a new home, it might be tempting to overlook this very important detail. So examine and archive your warranties early on.

Warranties are a crucial aspect of the new home buying experience because the whole point of purchasing a new home is to make life as convenient, safe and comfortable as possible. The savings of time, resources and money new homebuyers realize over time thanks to warranties makes today’s new home the best possible investment a homebuyer can make.

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