How’s The Market?

February 17, 2011 By Rowland Leave a Comment

This is a question that I’m getting more and more these days. We’re reading stories about job growth, increases in real estate sales, good economic news in the Bay Area’s Silicon Valley. Things must be getting better, right? Well, if you live in the Sacramento area like I do, it’s going to be a while longer before the real estate market starts getting better, according to TrendVision (the statistics database supplied to Sacramento Realtors as part of their Metrolist subscription). Compared to a year ago, there are 40% more homes for sale, 17% fewer homes are being sold and home prices are down by 10%.

On the other hand, there has never been a better time for first-time home buyers! Interest rates are still very low and prices are attractive. Several of my recent buyers actually pay less than they did for rent after they bought their first home! Things look good for investors too. With prices at their current levels and rents that appear to be holding, you can be cash-flow positive your first month. This hasn’t been the case with Sacramento real estate for over a decade!

If you’d like to see what’s happening with home values in your neighborhood, check out my website at this link: MarketUpdate.NorCalPartners.com

UPSIZING YOUR HOME

Unfortunately, our homes don’t always grow with us. What may have initially worked fine for a single person, a young couple’s starter home, or a family with a newborn can quickly become too small as families expand and multiple generations live under one roof. Remodeling and adding to your home is one option for creating […]

CREATE AN EVACUATION PLAN FOR YOUR PETS

An evacuation plan is a necessity for every home, especially if you live in an area where fires, earthquakes, hurricanes, flooding, and other disasters are a possibility. Many homeowners create evacuation plans for their homes and practice them with their kids, but far fewer have considered one for their pets. Take these steps to add […]

MUST-HAVE TOOLS FOR HOMEOWNERS

When you own your home, things are going to break and, unless you want to spend your money on visits from a neighborhood handyman, you’re going to need to fix them yourself. Luckily, you don’t need an arsenal of tools to handle most home maintenance fixes. These five tools will cover most of your basic […]

FINDING THE RIGHT MATTRESS

You’ve got more options than ever when mattress shopping these days with no shortage of brick-and-mortar and online-only retailers to choose from. Here are the factors you should consider when you’re shopping for a perfect night’s sleep. Mattress construction: The most popular mattress types are inner spring mattresses, memory foam mattresses, and adjustable air mattresses. […]

How’s The Market?

Related

Real Estate Info & Tips