Speeding Up Short Sales - 06/28/12 09:47 PM
Beginning June 15, the Federal Housing Finance Agency, which regulates Fannie Mae and Freddie Mac, will require both agencies to give short-sale buyers a final decision within 60 days.
Making sense of the story
Under this same guideline, Fannie Mae and Freddie Mac also must respond to initial requests for a short sale within 30 days of receiving the buyer’s submission. According to one analyst, expedited sales as a result of the new directive will benefit the entire housing market.  They could also remove some risks for buyers – many of whom previously had to wait months for a decision and … (2 comments)

Shortage of Homes for Sale Creates Fierce Competition - 06/27/12 10:25 PM

From the LA Times, By Alejandro Lazo
 
The newest problem for the slowly improving housing market isn't a shortage of serious buyers, it's a shortage of good homes.Would-be buyers are packing open houses and scrambling to make offers on properties before they are even listed. Bidding wars are erupting. And real estate agents are vying fiercely to represent the few sellers that do exist.Housing inventory has sunk to levels not seen since the bubble years. The number of American homes with a "for sale" sign hit 2.5 million in April, the lowest number for an April since 2006, according to … (2 comments)

College-Glen Real Estate Video Update June 2012 - Sacramento, Ca - College Greens, Glenbrook - 06/26/12 09:22 PM
Real Estate Agent, Doug Reynolds, is a resident and specialist of the College Greens/Glenbrook neighborhood in Sacramento, Ca.  This video details the May 2012 sales in the neighborhood. Noted in the video are the slow increase in "traditional sales" now that the market has started to improve and seller's are having more power with the low inventory.  Doug also discusses the "Price Sensitive Seller's Market" in the area.  The homes that show well, are marketed well and priced right are getting multiple offers, over list price in just a few days.
… (2 comments)

The advantages of preapproval - 06/23/12 02:56 PM
The housing market is warming up in many areas, with multiple offers becoming more commonplace.  Buyers who want an advantage in the bidding process will need more than a mortgage prequalification – they will need a preapproval.

Making sense of the story
The differences between mortgage prequalification and preapproval are significant. Prequalifying for a mortgage is based solely on what a borrower discloses to the loan officer or broker about his/her earnings, credit score, and total assets, including what is available for a down payment. By contrast, a preapproval requires a borrower to provide documentation of his/her income and assets. … (1 comments)

Sacramento County Real Estate Update June-July 2012 - 06/20/12 11:01 PM
Doug Reynolds, a Sacramento Area Realtor, reviews the latest market statistics for May 2012 in Sacramento County Real Estate.  This month discussing how the inventory has hit a new all time, record low for the sacramento area.  the shortage of homes for sale continues through the summer.  Also, the median price stayed flat after going up four consecutive months.  Feel free to call or email Doug if you'd like help with selling or buying real estate in the sacramento area.  Also subscribe to his YouTube channel for the latest real estate info.
… (0 comments)

May 2012 Housing Stats – Sacramento County - 06/19/12 09:29 PM

Sales volume picks up as lowest inventory in Sacramento Real Estate History continues to drive Market
 
The median home sales price stayed basically flat as it went from 169k to $168,750. The $200,000 - $249,999 price range still accounts for the majority of the 1,816 total sales this month (14.9% or 270 units), while homes under $100,000 totaled 293 (16.1%) units. Closed escrows from conventional financing (673 units or 34.4% of all sales) increased 6.1%, cash buyers decreased 1.5% (617 units) and FHA financing decreased slightly by 2.9% (515 or 26.3%). The median amount of Days On the Market … (0 comments)

Sierra Oaks, Wilhaggin, Del Dayo and Shelfield - Sales Data for May 2012 - 06/19/12 09:25 PM
There were 18 homes sold in Sierra Oaks, Wilhaggin, Del Dayo and Shelfield in the month of May, 2012. This is a decrease from the 19 sold in  April, 2012.  Here are the addresses and specific details:
 

 
 
 

 
 
 
 
Currently there are: 34 active listings, 4 active short sale listings, 11 contingent short sale listings, and 13 pending sales.

If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if … (0 comments)

Arden Park and Arden Oaks - Sales Data for May 2012 - 06/19/12 09:04 PM
There were 5 homes sold in Arden Park and Arden Oaks in May, 2012.  That is a decrease from the 9 sold in the month of April 2012.  Here are the addresses and specific information:
 
 
 
 
 
 
 

 
 
 
There are currently: 23 active listings, 0 active short sale listings, 2 contingent short sale listings, and 12 pending sales.
 
If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if … (0 comments)

Elmhurst and Tahoe Park Sales Data - May 2012 (Sacramento, Ca) - 06/14/12 03:27 PM
There were 22 homes sold in Elmhurst and Tahoe Park in the month of May, 2012.  That is a great increase from the 9 homes sold in the area in the month of  April 2012.  Here are the addresses and specific information.
 


 
 

 
 Currently there are: 9 active listings, 16 active short sales, 0 contingent short sales, and 23 pending sales.
If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if … (0 comments)

Land Park and Curtis Park Sales Data - May 2012 (Sacramento, Ca) - 06/14/12 03:14 PM
There were 15 homes sold in Land Park and Curtis Park in the month of May 2012 .  That is a slight decrease from the 18 homes sold in the month of  April 2012.  Here are the addresses and specific information.

 




 






Currently there are: 23 Active listings, 5 Active short sale listings, 12 Contingent short sale listings, and 26 Pending sales.

If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for … (0 comments)

East Sacramento: McKinley Park, Fab 40's, River Park, East Sac, East Portal Park - Sales Data for May 2012 - 06/13/12 09:46 PM
There were 26 homes sold in East Sacramento in the month of May, 2012.  That is a slight increase from the 23 homes sold in the area in the month of April 2012 .  Here are the addresses and specific information.
 

 
 

 
Currently there are: 40 Active listings, 6 Active short sale listings, 14 Contingent short sale listings, and 39 Pending Sales.
 
If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking … (0 comments)

College Greens / Glenbrook Sales in May 2012 (Sacramento, Ca) - 06/13/12 09:32 PM
There were 12 homes sold in College Greens / Glenbrook for the month of May, 2012.  That is the same  from the 12 sold in April .  Here are the addresses and specific information.  

    Currently there are: 12 Active listings, 4 Active short sale listings, 20 Contingent Short Sales  and 30 Pending SalesIf you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or sell in the 95826 zip code.  … (0 comments)

Rosemont Sales in May 2012 (Sacramento, Ca) - 06/13/12 09:14 PM
There were 22 homes sold in Rosemont in the month of May , 2012.  That is slight increase from the 18  that sold in April.  Here are the addresses and specific information.

 
 

 
 
  Currently there are: 4 Active listings, 7 Active short sale listings, 31 Contingent Short Sales  and 38 Pending Sales
 
   
If you would like more information (pictures, listing history, what type of sales they were, etc.) feel free to call or email and I’d be happy to provide that for you.  Call or email me if you are looking to buy or … (0 comments)