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market data sacramento homes opinion momentum trends real estate: Sacramento Real Market Commentary - 2008 08 - 09/02/08 02:45 PM
Through July 2008
You hear the old news about real estate statistics. You read headlines that could, by themselves, cause a panic. But where are the forecasts? Better yet, where are the forecasts that are relevant to YOU? Some pay thousands to get this information. My treat, to you!
This commentary is my opinion of Sacramento's real estate market using history, current conditions, and the market forces. This is not a crystal ball. If I knew of guarantees, I would not be writing this piece.
This ongoing analysis is similar to the concept used in foreign exchange (forex) currency trading (a … (0 comments)
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market data sacramento homes opinion momentum trends real estate: Sacramento Real Market Commentary - 2008 06 - 07/01/08 05:59 PM
I have a new indicator called the "pulse" indicator. This is my reading on the activity and psychology of the market in this area including a summary of the momentum indicators. Real estate is a local commodity and national statistics cannot tell you how our 3 counties are doing.
See the rest of the story here... http://JayEmerson.com/Indicators.asp
By the way, if you know someone who is selling or buying and who would appreciate my level of service and expertise, send me their name and number and I'll be glad to follow up. I'm never too busy for your referrals.
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market data sacramento homes opinion momentum trends real estate: Sacramento Real Market Commentary - 2008 05 - 06/02/08 10:55 AM
If you read the local newspaper, you may have seen that April's home sales made front page news. By itself, it's a sign that there were more buyers in the market than in March. But more enlightening, and not understood by the news writers, is that inventory indeed dropped by a more significant amount. Instead of 8.3 months of inventory (length of time to sell all Active listings, all things remaining equal), there is now only 5.9 months' inventory. That is a healthy number. If it's too high, supply is higher than demand. If it's too low, well, it's the opposite. … (0 comments)
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market data sacramento homes opinion momentum trends real estate: Sacramento Real Market Commentary - 2008 04 - 05/01/08 12:53 PM
Banks are aggressively trying to reduce their inventory and there are a lot of buyers submitting offers on these and other homes. My momentum indicators are no guarantee of how a market will change in the coming months but they are leveling off in many areas like REO sales (indicator of bank-owned inventory) and Notices of Default (indicator of new, possible foreclosures). Likewise, the number of resales is increasing at an increasing rate (momentum heading upward). County-wide median prices are low but some resilient zipcodes (Fair Oaks, Folsom, Granite Bay) are doing better.
Read the rest of the story here: http://JayEmerson.com/Indicators.asp
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market data sacramento homes opinion momentum trends real estate: Sacramento Real Market Commentary - 2008 03 - 04/11/08 10:48 PM
Forbes magazine agrees with my analysis that a lot of areas have stabilized. Some areas, on the other hand, are still experiencing a glut of bank-owned properties. My momentum indicators are showing a perfect buying opportunity. Transaction volume is increasing, median prices are inching upward, interest rates are still low, new permits are very low, and banks are pricing homes to move since auctions are either not successful or a Short Sale is their preferred strategy.
Read the rest of the story here: http://JayEmerson.com/Indicators.asp
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market data sacramento homes opinion momentum trends real estate: Sacramento Market Commentary - 2007 11 - 12/03/07 05:42 PM
Who woulda thunk it? Sacramento real estate is getting affordable for first-time buyers and investors again. Remember, following the crowd doesn't make you successful. And if you're hoping for a 100% loan with Cal HFA down-payment assistance, you better hurry; it's changing. The Market: Bank-owned properties are abundant and banks don't want to own them. The Media: Six months after the bottom, the media will declare "the bottom". Don't count on them to forecast it. My crystal ball is as good as the charts below. No single piece of the data tells the complete story.Congress: Most of them have stumbled onto … (0 comments)
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Jay Emerson, Broker, e-PRO, SFR, CHS
Fair Oaks,
CA
More about me…
Weichert, Realtors® - Galster Group
Address: 5006 Sunrise Blvd, Suite 100, Fair Oaks, CA, 95628
Office Phone: (916) 966-8700 x 108
Cell Phone: (916) 517-9606
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