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bottom of the market: Home Values for Auburn, CA 95603 - 06/27/11 06:16 PM
Pricing is beginning to stabilize. We are at home values the same as 14 months ago and with inventory dipping below sales activity we may even see some price improvement sooner than expected.
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bottom of the market: Real Estate Market Trends for Auburn, California 95614 - 06/27/11 06:10 PM
From the graph below you can see the local foothill market of Auburn is bucking the national trend. Our sales are up in a big way! Closed sales are up a whopping 77% from last year and pending sales are up 45%, while the inventory has dropped just under 12%. If these patterns hold we will begin to see prices rise. Simple economics of supply and demand. Many price ranges and micro markets are seeing multiple offers for the most desireable properties. For home values see the next chart
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bottom of the market: Auburn Real Estate Trends in the $500,000. price range & up - 04/28/11 09:02 PM
Sales have remained somewhat consistent for the last 15 months, allowing for seasonal fluctuations. The inventory is nearly half of what it was a year ago, however there is still a great selection of quality homes at bargain prices. Speaking of Prices, we have seen an uptick in higher end home sales in great condition with extravagant upgrades, correspondingly we see an increase in the price per square foot; which might mean we will see prices stablizing; however with 12 months of inventory at the current absorption rate, it is too soon to tell. California is on SALE, no sale lasts forever … (0 comments)
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bottom of the market: Auburn Home Sales Trends Priced under $250,000. - 04/28/11 07:58 PM
California is ON SALE! Buyers are recognizing this and have come out along with the Sunshine to take advantage of great deals. Correspondingly, inventory has dropped just as home buyers take action, leaving even less to choose from. Simple economics indicate at this pace prices will start to rise! Buyers who continue to wait may miss out on the best selection, as pending sales have increased dramatically tying up the most desirable homes
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bottom of the market: How are world events affecting interest rates? - 03/21/11 05:22 PM
Quoted from Debra Jones, Big Valley Mortgage:
Hello, we are seeing mortgage rates pressured upwards for this Monday. Here is the Commentary: The credit market is currently being dominated by events in Japan and Libya. Developing signs of stability in these areas has served to reduce global demand for safe haven investments like Treasury debt obligations and mortgage-backed securities - a condition which has put some noticeable upward pressure on mortgage interest rates this morning.
News that the Treasury Department will begin selling approximately $10 billion per-month out of their $142 billion agency-guaranteed mortgage-back securities portfolio that it acquired in 2008 … (2 comments)
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bottom of the market: Wall Street's 10 Reasons to Buy a Home Now - 11/15/10 11:17 AM
Plus Cathy's #1 Reason:
#1. If you rent, you may be paying too much! In many neighborhoods, if you are renting a home your mortgage payment would be less. Plus, if we see inflation in the near future, your rent will surely increase; but a fixed rate house payment wouldn't!
Here's what Wall Street says 10 Reasons to Buy a Home
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bottom of the market: Georgetown Housing Trends & Home Sales - 07/30/10 02:55 PM
Over the last 15 months inventory is up only 1.4% with sales down 16.7% and pending sales off at-30% over the past. Our remaining unsold inventory at this pace would take 14.4 months to absorb, the highest since this time last year. Home prices seem to be almost finding some stability with ranges from $100-165 per square foot and last month's average at $147. The market is still being driven by 1st time home buyers, though now the Federal tax credit has expired. Interest rates under 5% are spurring others to consider purchases. All buyers are looking at value and condition and sellers must still … (0 comments)
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bottom of the market: Chirstian Valley, Applegate & Weimar Housing Trends - 07/30/10 02:43 PM
Over the last 15 months inventory is up only 1.5% with sales up a whopping 62.5% and pending sales building at 20% over the past. Our remaining unsold inventory at this pace would take 5.2 months to absorb. Home prices seem to be almost finding some stability with ranges from $146-195 per square foot and last month's average at $179. The market is still being driven by 1st time home buyers, though now the Federal tax credit has expired. Interest rates under 5% are spurring others to consider purchases. All buyers are looking at value and condition and sellers must still … (0 comments)
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bottom of the market: Entry level housing market heating up! - 09/07/08 01:06 PM
I have seen a dramatic rise in buyer activity and offers in the entry level price ranges in the last three months. With information about down payment assistance programs, somewhat stable interest rates and an excellent selection of affordable homes the word has gotten out! It is not unusual to see 4-9 offers on homes in Lincoln the first 2 days. In North Highlands, Citrus Heights, Orangevale, Fair Oaks and Antelope it is even more competitive, because the investors realize that for the first time in almost 12 years you can purchase a property and rent it for more than the … (1 comments)
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Cathy Sarmento
Auburn,
CA
More about me…
Granite Real Estate "Cool Team"
Address: 1011 Lincoln Way, Auburn, CA, 95603
Office Phone: (530) 823-5783
Cell Phone: (530) 320-5783
Email Me
Real Estate Topics and Tips for Central California Sierra Foothill towns of Auburn, Meadow Vista, Newcastle, Cool Pilot Hill, Garden Valley, Georgetown, Applegate, Weimar, Colfax,Loomis, Rocklin and surrounding areas
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