I puzzled over a bit of seemingly self-negating information Tuesday. Housing starts in the month of March declined by a striking 5.8%. This takes some of the wind out of our sails. Obviously, we don’t get to continue moving toward a sustainable recovery on a straight, easy-to-negotiate path, it’s a little more complicated […]
Interest rates on homes continue their downward trend. GSE Freddie Mac reported that the average 30-year fixed-mortgage rate sank to 3.91% last week, setting an all-time record low. 15-year fixed rates settled in at a historic low at 3.21%.
To put the declines into perspective, today’s homebuyers are paying over $1,200 less per year on […]
Home sales in the Sacramento region rose yet again last month, beating the rest of the state (which also rose with us, only not as much). Over 2,400 homes sold across the region in November, up just shy of 12% year over year.
It was the fifth month in a […]
The most recent report from Real Estate data reporting firm, DataQuick, shows the number of single-family homes sold in Sacramento County rose over 15% last month (August). The report also shows at least 10% gains in both Placer and El Dorado Counties, and over 9% in Yolo County as well.
September 19th, 2011 | Tags: First time home buyer, roseville, roseville real estate, sacramento real estate | Category: Real Estate |
Most housing professionals and trade organizations doubt there will be a significant double-dip recession. For example, the Mortgage Bankers Association’s Economic and Mortgage Finance Forecasts, released recently, projects $1.1 trillion in residential mortgage origination volume in 2011, roughly $100 billion more than earlier forecasts, as low mortgage rates have brought in higher than […]
Homes sold within Sacramento County increased by 12.5% last month per the most recent DataQuick report. 1,676 sales closed in Sacramento County in July compared to last year’s 1,490 sales.
According to the report home sales in Placer County are up by more than 10% as well (as they are in […]
Foreclosure activity in the greater Sacramento real estate market is down more than 20% for the first six months of 2011. This closely follows a deep trend in decreasing foreclosure filings around the country…
According to real estate data company RealtyTrac, Notice Of Default (or NOD) filings dropped to 21,721 for […]
In a recent Press Tribune article explaining a recent 3% pay increase for certain city employees Roseville Vice-Mayor Susan Rohan confirmed some of the things I’ve been telling everyone (that is willing to listen) about Roseville of late…
Here are a few words from the article.
July 19th, 2011 | Tags: roseville jobs, roseville real estate, sacramento real estate | Category: Real Estate, |
A lot of you know that I am very happy, and now even proud, about my experience with Successful Thinkers. Here is the group’s (can we call it a group?) founder, Jim Bellacera, on News 10’s ‘Sacramento & Friends’ this morning…
Continued depreciation of property values in 2010 has made housing more undervalued relative to income than ever before. Using the latest Case-Shiller home price index American housing was 21% undervalued when compared with disposable income per-capita.
This data includes the index published by the Federal Housing Finance Agency and shows that […]