Viewing category: Market Conditions
Monday, 16 March 2009
The Luck of The Irish
With St. Patrick’s Day today, we are reminded of the traditions, that journey from the Emerald Isle. There are the leprechauns, the shamrocks, and of course the Luck of the Irish.
What I wonder is could the Luck of the Irish be more attributed to an ability to foresee trends. For example, in 2004 and 2005, real estate appeared to be on a never-ending cycle of viewing the pot at the end of the rainbow. It was difficult for us to foresee what was to occur the following year, with the beginning of recession here in Sacramento and across this land.
As all things in busi... Read more
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Saturday, 11 April 2009
Sales Statistics by Community - February 2009
The following link provides real estate sales statistics for the various communities, towns and cities within the Greater Sacramento area, as well as in the Counties of Placer and El Dorado. The data is for transactions through the month of February 2009, and compares to the same month, a year prior.... Read more
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Sunday, 10 May 2009
Signs Point to Sacramento Housing Recovery
Many GreatWest GMAC Real Estate Professionals have been noticing that the Sacramento housing market has been stabilizing. About 80% of the foreclosure market is completed, and sales have doubled in number since a year ago. It appears that the housing market declines of the past months have began to slow, rather than continuing to dive over a cliff.
The Wall Street Journal released a few days ago, with the headline, “First Housing Markets to Heal? - Analyst Bets on Sacramento, Washington” (article linked below).
According to analyst, John Burns, Sacramento’s new home supply ... Read more
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Wednesday, 3 June 2009
Improved Housing Numbers Reported
The Associated Press reported Monday that the number of homebuyers in the country, who purchased previously owned homes posted a monthly jump - the largest in nearly eight years. Hopefully, this provides a significant sign that the housing market Is showing some recovery.
According to The National Association of Realtors (NAR), the seasonally adjusted index of sales contracts signed in April surged 6.7 percent to 90.3. This far exceeded forecasts by analysts, and represents the largest jump since October 2001, when pending sales rose 9.2 percent.
The news is encouraging, an... Read more
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Sunday, 28 June 2009
Latest Statistics for 4 Counties
The sales statistical graphs linked below are for the counties of Sacramento, El Dorado, Placer and Yuba. They compare May 2009 to the year prior (May 2008), as well as data for April 2009 vs. April 2008.
California began a 90 day moratorium on foreclosures which began mid-June. Inventory in many areas is shrinking.
Many bank owned properties are receiving multiple offers from Buyers as prospective homeowners see opportunity in the marketplace.
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Tuesday, 24 November 2009
Real Estate Scenario today
Real estate events have been quite closely watched in these fluctuating times and there has been considerable improvement on the market conditions that is favoring the buyer this quarter.
While searching for the right place to settle in, do make a thorough search on the Homes for sale section of real estate websites. Community information of the various counties in CA including Sacramento, Roseville, Elk grove, Placerville, Yuba city through the various community pictures provide the needed information on the events that take place there which are displayed in various dedicated websi... Read more
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Posted by Brian Creel at 4:03 PM
Category: Market Conditions
Tags:
Sacramento,
Roseville,
Elk Grove,
Placerville,
Yuba City,
Real Estate,
Homes For Sale,
Green Homes,
Local Events,
Community Information,
Pictures,
Community Pictures,
Community Videos
Monday, 7 December 2009
Sacramento is Going Green
Are you planning to build a home in Sacramento? Then you will want to consider the new trend in Sac Town, which is, living in Green Homes. Does that mean you have to color your house green?? No. Then what are Green Homes? Green Homes are places of healthier living. They are constructed using fewer resources when compared to the traditional homes. Green homes create much less waste as they use less energy and water. The main factor is to reduce the energy utilization. The characteristics of a Green Home are many.
• The ordinary windows are replaced by windows that are energy efficient... Read more
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Posted by Brian Creel at 7:38 AM
Category: Market Conditions
Thursday, 10 December 2009
Watch Out For Negative Equity
Do you own a home which has negative equity and are wondering how this occurred? The answer is simple. Negative equity occurs when you purchase a home using a home loan and the home prices begin to decline due to economic slowdown. The home value now decreases below the value principally on mortgage. This condition is called negative equity. It can be calculated by taking the value of the home, less the balance on the remaining loan.
An important aspect in the performance of home loans in the third quarter of 2009 was the high resale of foreclosures. This came up to one fifth of the t... Read more
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Posted by Brian Creel at 7:33 AM
Category: Market Conditions
Friday, 18 December 2009
Videos to Market Your Real Estate
The improvement in technology has got the world shopping online. People are now looking for homes and buying homes on the internet. A real estate agent’s website plays an important role in online real estate marketing. To be on the top of search engine listings, agents make use of SEO techniques for their websites. But ranking on top is not sufficient to keep clients on your site. Your site has to be attractive and informative. The content of your website is very important. Technology has also evolved to include pictures and videos on the internet. But how are these videos going to help you ma... Read more
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Posted by Brian Creel at 6:00 AM
Category: Market Conditions
Thursday, 24 December 2009
Trends in Real Estate
Recession has had its impact on real estate too. The real estate market is now struggling in many areas of the country. The real estate agents and brokers have realized the importance of being a financial planner in accord to being a sales person. Traditional approaches to the current market do not have its stand in the global real estate market. With real estate transactions going online, agents are seeing themselves in new levels with professionalism and customer service. In such a situation, real estate agents are to be high on heels with technology.
The easy access to information... Read more
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Posted by Brian Creel at 9:30 AM
Category: Market Conditions
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