Viewing category: Market Conditions
Monday, 14 July 2008
Latest Six Months - Through June
The graph linked below tracks the last 6 months of Listing & Sales data in our local area, It is encouraging to note the numbers of properties listed became reduced, while the numbers of pending sales, and closed escrows has gone up.
Visually, the improvement can be seen. If not a robust market - it surely appears the worst has leveled off, and some improvement is being shown.
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Tuesday, 12 August 2008
Just A Year Ago!
It was just a year ago that Donald Trump did a segment on Larry King Live, speaking about Selling in an Upside Down Market.
On ABC’s Good Morning America Show today, he was interviewed by Diana Sawyer, and gave this encouraging advice, "Buy now, if you can."
His prediction - That buyers will have the next year for a historical opportunity to purchase homes.
Here’s the link to the video of the segment:
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Wednesday, 13 August 2008
At the Stroke of the Pen
At the stroke of the pen during the President’s recent signing of the Housing and Economic Recovery Act of 2008, opportunity arrived for First Time Buyers. But even beyond that – it is also good news for Sellers of entry-level houses as well. In recent months many folks dwelling in their first homes, had wished they could move up to larger homes, but were thwarted in doing so by a market that wouldn’t easily accommodate the marketing of their present home.
For First Time Buyers, there are incentives and tax saving available. Those who purchase homes between April 9, 2008 and July 1,... Read more
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Tuesday, 26 August 2008
California's Falling Home Prices Spark Increased Number of Sales
The California Association of Realtors reported today, that California’s free-falling home prices sparked a fourth straight month of year-over-year sales gains during July.
Jim Wasserman of The Sacramento Bee, has a more detailed report on the numbers of state wide home sales statistics in California, and collective California price reduction data.
The article is linked below:
The month of July also demonstrated dramatically increased number of home sales for Sacramento as well - while prices declined for the same time period.
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Tuesday, 2 September 2008
Foreclosures Continue to Raise Spectre Over Area Home Market
According to a Sacramento Bee article written by Tony Bizjak on Sunday, the Sacramento area is still being hammered by foreclosures. According to Realtytrac, Inc., data demonstrates that one in every 145 households in Sacramento, El Dorado and Placer counties faced foreclosure in July. That represents 5,290 properties.
The percentage of foreclosures nationally were up 55% over July of last year.
The article goes on to mention that mortgage experts do not foresee any relief in the numbers of home foreclosures anytime soon.
The Sacramento Bee article is linked below:... Read more
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Saturday, 11 October 2008
How to Sink a House With a Boat
Recently a GreatWest GMAC Real Estate professional was lamenting about a couple "For Sale" signs on a home in her community. It had previously been a well kept home, but now appeared more ragged around the edges.
A real estate "For Sale" sign was hanging from the traditional post planted on the front lawn. But a smaller sign hung around the neck (or bow) of "The Unforgiven" - a large boat, moored in the driveway.
Curious about the property, the agent searched the MLS for the listing, while checking price, amenities, condition, and financing terms. It was discovered that th... Read more
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Friday, 24 October 2008
The Cyclic World of Housing
The other day, someone asked a real estate professional if they felt sorry about putting people into homes they couldn’t afford.
After being a little dumbfounded for a moment, the agent explained they didn’t think they had placed any buyers in homes, which fit that category. Many of their clients had been professional people, who had purchased nice homes with fairly traditional mortgages, at the height of the market. Some of them had sold other homes, pulling out equity to buy new homes.
Many had seen equity decline in the current market. However, knowing ... Read more
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Sunday, 14 December 2008
Struggling to Get Real
Awhile back, we posted about bidding wars going on in the arena of homes, which were priced well, and in good condition; much of this activity being fed by the CAL FHA First Time Buyer program.
While blogging we have been provided with really interesting comments from real estate professionals across the nation.
It was noted these bidding wars, aren’t just indigenous to the Greater Sacramento, El Dorado, and Placer Counties – but also other locations across America.
However, there is certainly a Great Divide being experienced in the housing marketplace. As one real ... Read more
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Monday, 29 December 2008
Sales Statistics by Zipcode for Greater Sacramento Area
Here are the latest real estate sales statistics for the Greater Sacramento Area, as well as Surrounding Areas. They represent activity through November 2008.... Read more
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Real Estate Sales Statistics for 4 Counties
Here are the Real Estate Sales Statistics for 4 Counties (Sacramento, El Dorado, Placer, Yuba) through the month of November 2008.... Read more
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