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housing trends: 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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housing trends: Rent Hikes Predicted, Investors should Buy Now! - 03/19/11 08:09 PM
I agree with these statistic quoted from Rent.com For some time I have been saying, "where are all the displaced people going to go after their shortsales or foreclosure? The will only stay with family an average of less than 6 months. I am also getting inquires from many people looking for rentals. In many areas in our vacinity, your mortgage would be less than rents in comparable properties. Why Rent when you could Own?
Here's the article from News Genius: Renters beware: Double-digit rent hikes may be coming soon.
Already, rental vacancy rates have dipped below the 10% mark, where … (1 comments)
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housing trends: Choices are good, don't wait to buy a home; if it is one of your goals. - 02/28/11 01:03 PM
Procrastination or waiting for home prices to inch down further could be what prevents you from obtaining home ownership this year. Prices are near bottom and are not anticipated to drop dramatically this year. However that is only part of the cost of owning a home. The mortgage determines how much you will pay monthly.
Interest rates are sure to creep up as the governments backs away from buying loans from the banks and mortgage brokers. (Google fannie mae & freddie mac) That means private investors (that already got burned in the securities investments) will have to step up and purchase … (1 comments)
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housing trends: 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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housing trends: 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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housing trends: 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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housing trends: Meadow Vista Housing Trends 95722 - 07/26/10 04:24 PM
Prices are stablizing in homes under $350k. Homes over $500k will continue to see downward price adjustments. Buyers are looking for value as well as good prices. 1st Time home buyers are driving the market. Sellers must still compete with REOs and Short Sales.
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housing trends: Cool Real Estate Trends 95614 - 07/26/10 04:12 PM
Housing sales are happening for those that are priced accurately. Buyers are looking for value as well as price. Home values are stablizing in the under $350k price range. Homes over $500k will still see downward adjustments.
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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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