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Home > Archives for August 2014

Archives for August 2014

Granite Bay Real Estate Market Trends (6-Month) Update

Granite Bay Real Estate Market Trends (6-month) Update 1 month 6 months June 14 July 14 % Change Feb 14 July 14 % Change For Sale 144 140 -2.8% 108 140 29.6% Sold 35 28 -20% 18 28 55.6% Pended 34 33 -2.9% Continue Reading

Sacramento listed #4 for Largest Gains in List Prices

Markets With Largest Gains In List Prices - Sacramento Comes in at #4 with a 19% gain Median list prices continued to move up in the majority of markets in July, according to realtor.com®’s latest National Housing Trend Report. The median list price is where half of Continue Reading

RUN FOR COURAGE – SEPT. 27, 2014

Course Info: New! 9.8 mile race.  This distance was inspired by the shocking realization that Human Trafficking is a $9.8 Billion industry. The race course races through the Parkway trails in Folsom. New! Kids Fun Run for children ages 4-10.  This 1K course covers a small Continue Reading

Folsom Live!

Saturday, September 20, 2014 Folsom Live will rock on September 20, 2014. There's sure to be music for everyone! This is a ticketed event, coordinated by the Folsom Chamber of Commerce and Hope Productions Foundation. For more information the website below. For parking Continue Reading

47th Antique Peddlers Fair – Folsom

Saturday, September 13, 2014 The 47th Antique Peddlers Fair will take place on Saturday, September 13, 2014 from 8 am to 4 pm, rain or shine on Historic Sutter Street. Four blocks will be filled with a great selection of antiques and collectibles. Admission is free. Great Continue Reading

Vista del Lago HS Homecoming Parade

Vista del Lago High School Homecoming Parade Times: Sept 10, 2014 - 6:00PM - 7:00PM Location: Empire Oaks Elem to Vista del Lago HS Description: 6th Annual Homecoming Parade with Floats. Route Follows Golf Links Road from Empire Oaks Elementary to Vista del Lago HS Continue Reading

El Dorado Hills Real Estate Market Trends (6-Month) Update

El Dorado Hills Real Estate Market Trends (6-Month) Update 1 month 6 months June 14 July 14 % Change Feb 14 July 14 % Change For Sale 262 247 -5.7% 174 247 42% Sold 75 73 -2.7% 37 73 97.3% Pended 74 84 13.5% Continue Reading

Folsom Real Estate Market Trends (6-Month) Update

Folsom Real Estate Market Trends (6-Month) Update 1 month 6 months June 14 July 14 % Change Feb 14 July 14 % Change For Sale 179 191 6.7% 120 191 59.2% Sold 69 81 17.4% 47 81 72.3% Pended 77 106 37.7% Continue Reading

11 Reasons to have a sunny outlook on solar panels

Solar power for homes is going mainstream, and if you haven’t thought about adding the technology to your home, you should. In addition to trimming energy costs and making your house more comfortable, you can take advantage of current rebates and tax credits that Continue Reading

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Congratulations to our seller on the sale of their Congratulations to our seller on the sale of their El Dorado Hills home! 🏠🎈🎊🍾🎉 
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Last year, the housing market slowed down in respo Last year, the housing market slowed down in response to higher mortgage rates, and that had an impact on home prices. If you’re thinking of selling your house soon, that means you’ll want to adjust your expectations accordingly. As realtor.com explains:

“. . . some of the more prominent pandemic trends have changed, so sellers might wish to adjust accordingly to get the best deal possible.”

In a more moderate market, how you price your house will make a big difference to not only your bottom line, but to how quickly your house could sell. And the reality is, homes priced right are still selling in today’s market.

Especially today, your asking price sends a message to potential buyers.

If it’s priced too low, you may leave money on the table or discourage buyers who may see a lower-than-expected price tag and wonder if that means something is wrong with the home.

If it’s priced too high, you run the risk of deterring buyers. When that happens, you may have to lower the price to try to reignite interest in your house when it sits on the market for a while. But be aware that a price drop can be seen as a red flag by some buyers who will wonder what that means about the home.

To avoid either headache, price it right from the start. A real estate professional knows how to determine that ideal asking price. They balance the value of homes in your neighborhood, current market trends, buyer demand, the condition of your house, and more to find the right price. This helps lead to stronger offers and a greater likelihood your house will sell quickly.

To make sure you price your house appropriately, maximize your sales potential, and minimize your hassle, DM us.

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Whether you’re already a homeowner or you’re l Whether you’re already a homeowner or you’re looking to become one, the recent headlines about home prices may leave you with more questions than answers. News stories are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the crash in 2008.

One of the questions that’s on many minds, based on those headlines, is: how much will home prices decline? But what you may not realize is expert forecasters aren’t calling for a free fall in prices. In fact, if you look at the latest data, there’s a case to be made that the biggest portion of month-over-month price depreciation nationally may already behind us – and even those numbers weren’t significant declines on the national level. Instead of how far will they drop, the question becomes: have home values hit bottom?

Let’s take a look at the latest data from several reputable industry sources. If we isolate the last four months, what the data shows is, in each case, home price depreciation peaked in August.

While that doesn’t guarantee home price depreciation has hit bottom, it confirms prices aren’t in a free fall, and it may be an early signal that the worst is already behind us. As the numbers for November and December are released, data will be able to further validate this national trend.

Home prices month-over-month have depreciated for the past four months on record, but there’s a strong case to be made that the worst may be behind us. If you have questions about what’s happening with home prices in your local market, DM me today.

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If you’re thinking about buying or selling a hom If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market this year. In 2022, the market underwent a major shift as economic uncertainty and higher mortgage rates reduced buyer demand, slowed the pace of home sales, and moderated home prices. But what about 2023?

This year, experts agree we may see the return of greater stability and predictability in the housing market if inflation continues to ease and mortgage rates stabilize. Here’s what they have to say.

The 2023 forecast from the National Association of Realtors (NAR) says:

“While 2022 may be remembered as a year of housing volatility, 2023 likely will become a year of long-lost normalcy returning to the market, . . . mortgage rates are expected to stabilize while home sales and prices moderate after recent highs, . . .”

Danielle Hale, Chief Economist at realtor.com, adds:

“. . .buyers will not face the extreme competition that was commonplace over the past few years.”

Lawrence Yun, Chief Economist at NAR, explains home prices will vary by local area, but will net neutral nationwide as the market continues to adjust:

“After a big boom over the past two years, there will essentially be no change nationally . . . Half of the country may experience small price gains, while the other half may see slight price declines.”

Mark Fleming, Chief Economist at First American, says:

“The housing market, once adjusted to the new normal of higher mortgage rates, will benefit from continued strong demographic-driven demand relative to an overall, long-run shortage of supply.”

If you’re looking to buy or sell a home this year, DM me today.

#realestate #homeownership #homebuying #realestategoals #realestatetips #realestatelife #realestatenews #realestateagent #realestateexpert #realestateagency #realestateadvice #realestateblog #realestatemarket #realestateexperts #realestateagents #instarealestate #instarealtor #realestatetipsoftheday #realestatetipsandadvice #keepingcurrentmatters #folsomrealestate #eldoradohills #granitebay #leonardirealestate
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